California makes you 21 to play a cardroom or most tribal casinos, and it has no legal sportsbook at any age. But an 18-year-old here can open a Kalshi account and trade sports event contracts, including on college football, because the federally regulated exchange sets its floor at 18, not 21. SACRAMENTO, Calif. — An … Read more
Tribal gaming revenue hit a record $46.2 billion in fiscal 2025, up 5.3%, or $2.3 billion, over the year before. At $12.6 billion, the Sacramento region spanning California and northern Nevada topped all eight of the NIGC’s regions. California’s region grew 4.1%, below the 5.3% national rate, even as it remained the nation’s largest tribal-gaming … Read more
Ferran Torres ended it in extra time, Lionel Messi walked off without a repeat, and the biggest betting event in prediction-market history closed with a final worthy of its volume. EAST RUTHERFORD, N.J. — The tournament that broke every betting record saved its coldest sweat for last. Spain and Argentina played 105 scoreless minutes at … Read more
He told the Lakers he is leaving, and the money moved instantly. Traders on Kalshi and Polymarket have staked tens of millions on his next uniform, and after a wild week the smart money says he is going home. LOS ANGELES – The most expensive question in basketball right now is not who wins the … Read more
A Wall Street Journal investigation found Polymarket paid young influencers to fake winning bets. Now Adam Schiff wants the federal regulator to explain why these apps aren’t treated like the casinos they resemble. WASHINGTON — The videos looked like easy money. A young person films a phone screen, taps a few times on what appears … Read more
As well-timed bets on war and politics piled up on Kalshi and Polymarket, California moved to keep its own officials from cashing in. Three more governors did the same within weeks. SACRAMENTO – There was money to be made on the worst news of the year. As the federal government weighed military strikes and other … Read more
California Won’t Let You Bet on Sports. Its College Athletes Are Harassed by Gamblers Anyway. No one in the state can wager on a regulated book for a game, but Bruins and Trojans are among the players asking for shelter from gamblers. A gap in federal law could make things worse. SACRAMENTO – No state … Read more
The Indian Gaming Association announced a national legal defense fund at its April convention in San Diego, organized against Kalshi, Polymarket, and the broader prediction-market industry. Tribal gaming generated nearly $44 billion in 2024.