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    <description>Sports betting industry news: regulation, fines, revenue and prediction markets.</description>
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    <lastBuildDate>Wed, 28 Oct 2026 08:00:00 GMT</lastBuildDate>
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      <title>New York sportsbooks take $2.4 billion in September bets, but revenue falls 17.8%</title>
      <link>https://sportsbooks.ro/news/new-york-september-2026-handle-revenue/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Revenue</category>
      <description>Bettors wagered just over $2.4 billion with New York’s online sportsbooks in September 2026, 4.9% more than a year earlier, but the books kept only 6.7% of it. Revenue fell 17.8% to $160 million.</description>
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      <title>CFTC sues Utah, the 10th state it has taken to court over prediction markets</title>
      <link>https://sportsbooks.ro/news/cftc-sues-utah-kalshi/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Legal</category>
      <description>The United States and the Commodity Futures Trading Commission sued Utah in federal court on October 26, 2026 to stop the state enforcing its gambling laws against federally regulated prediction markets. The suit came six days after Utah’s attorney general sued Kalshi.</description>
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      <title>Kalshi caps deposits at $2,500 a month for users aged 18 to 20</title>
      <link>https://sportsbooks.ro/news/kalshi-under-21-deposit-limits/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Safer gambling</category>
      <description>Kalshi still accepts users from age 18, but is adding a default $2,500 monthly deposit limit for 18-to-20-year-olds and prompts for new traders who put a large share of their balance into one trade. Most state-licensed sportsbooks require customers to be 21.</description>
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      <title>Alberta’s regulated iGaming market takes C$2.89 billion in bets in its first three months</title>
      <link>https://sportsbooks.ro/news/alberta-igaming-first-three-months/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Market</category>
      <description>Alberta’s regulated online gambling market took about C$2.89 billion in wagers and produced C$122.1 million in revenue between its launch on July 13 and September 30, 2026, according to the Alberta iGaming Corporation’s first market report. Online casino brought in most of the revenue.</description>
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      <title>Minnesota elects a new legislature on November 3. Will it legalize sports betting?</title>
      <link>https://sportsbooks.ro/news/minnesota-election-sports-betting-2027/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Legislation</category>
      <description>Every seat in Minnesota’s closely divided legislature is on the ballot on November 3, 2026. Sports betting is still illegal in the state after this year’s bill, SF 4139, stalled over the old dispute between the tribes and the racetracks.</description>
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      <title>How prediction-market parlays work, and why market makers carry the risk</title>
      <link>https://sportsbooks.ro/news/prediction-market-parlays-market-makers/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Prediction markets</category>
      <description>On prediction markets, a parlay is priced by market makers answering a request for quote, not by a sportsbook. Market makers took on about $18 billion of parlay risk in a single week in October 2026, a market maker told the NEXTPredict NYC conference.</description>
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      <title>Northwestern coach David Braun calls sports betting “predatory”</title>
      <link>https://sportsbooks.ro/news/northwestern-braun-sports-betting-predatory/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Safer gambling</category>
      <description>Northwestern football coach David Braun called sports betting “predatory,” saying the reason betting lines exist is “to draw action” and that, as a father of two young sons, he is “terrified of how addictive phones are, how addictive gambling is.”</description>
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      <title>Circa Survivor down to 660 entries after Texans and Jets upsets</title>
      <link>https://sportsbooks.ro/news/circa-survivor-week-7-660-entries/</link>
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      <pubDate>Wed, 28 Oct 2026 08:00:00 GMT</pubDate>
      <category>Contests</category>
      <description>NFL Week 7 cut the Circa Survivor field from 1,277 to 660 entries, out of 25,017 at the start. The Texans, 10.5-point home favorites, lost 27-21 in overtime to the Giants, and the Jets lost 28-25 to the Dolphins.</description>
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      <title>Mexico’s interior ministry finishes its review of a new gaming law</title>
      <link>https://sportsbooks.ro/news/mexico-gaming-law-review/</link>
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      <pubDate>Tue, 13 Oct 2026 08:00:00 GMT</pubDate>
      <category>Regulation</category>
      <description>Segob has completed its internal review of a proposed replacement for the 1947 Federal Law on Games and Draws, aimed at tax evasion and money laundering. The draft goes to the security cabinet before it is formally presented; a separate proposal in Congress would ban welcome bonuses.</description>
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      <title>New Jersey fines BetMGM, bet365 and FanDuel</title>
      <link>https://sportsbooks.ro/news/new-jersey-fines-betmgm-bet365-fanduel/</link>
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      <pubDate>Tue, 06 Oct 2026 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>The Division of Gaming Enforcement fined BetMGM $72,000 plus $8,204.49 in disgorgement for bets on prohibited events, bet365 $33,000 over self-exclusion rules and FanDuel $5,000 for not following a directive during a suspicious-betting investigation.</description>
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      <title>Colorado fines Fanatics $20,000 over promotions to a self-excluded customer</title>
      <link>https://sportsbooks.ro/news/colorado-fines-fanatics/</link>
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      <pubDate>Tue, 01 Sep 2026 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>Colorado’s Division of Gaming fined Fanatics Sportsbook after promotions reached a customer who had self-excluded.</description>
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      <title>Ontario regulator fines NorthStar Gaming C$100,000 over anti-money-laundering failures</title>
      <link>https://sportsbooks.ro/news/agco-fines-northstar/</link>
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      <pubDate>Fri, 28 Aug 2026 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>The AGCO found that NorthStar did not apply enhanced due diligence to a high-risk player whose deposits reached about C$189,000 between March 2024 and June 2025. NorthStar did not dispute the finding.</description>
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      <title>Iowa fines FanDuel $95,000 for bets on unapproved markets</title>
      <link>https://sportsbooks.ro/news/iowa-fines-fanduel/</link>
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      <pubDate>Tue, 04 Aug 2026 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>The Iowa Racing and Gaming Commission penalized FanDuel for taking bets on an unsanctioned basketball league and on soccer officiating props. It is FanDuel’s second Iowa fine in just over a year.</description>
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      <title>Ireland’s new gambling regulator starts licensing online bookmakers</title>
      <link>https://sportsbooks.ro/news/ireland-grai-licences/</link>
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      <pubDate>Wed, 01 Jul 2026 08:00:00 GMT</pubDate>
      <category>Regulation</category>
      <description>Remote betting licences issued by the Gambling Regulatory Authority of Ireland took effect on 1 July 2026. Licensed operators must verify customers’ ages, may not accept credit cards and must close accounts on request.</description>
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      <title>Massachusetts fines five sportsbooks a combined $80,500</title>
      <link>https://sportsbooks.ro/news/massachusetts-fines-five-books/</link>
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      <pubDate>Mon, 16 Mar 2026 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>Fanatics ($27,500), BetMGM ($21,500), DraftKings ($16,500), Caesars ($10,000) and FanDuel ($5,000) were fined for self-reported bets on markets the state does not allow, including college player props and a Russian UFC fighter.</description>
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      <title>Colombia applies 19% VAT to online gambling</title>
      <link>https://sportsbooks.ro/news/colombia-vat-online-gaming/</link>
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      <pubDate>Tue, 27 Jan 2026 08:00:00 GMT</pubDate>
      <category>Tax</category>
      <description>Since January 2026, online games of chance in Colombia carry 19% VAT, charged on operators’ gross gaming revenue. Separately, bookmakers withhold 20% from individual prizes above 48 UVT.</description>
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      <title>Paddy Power and Betfair pay £2 million over customer-interaction failures</title>
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      <pubDate>Wed, 17 Dec 2025 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>Four Flutter licensees trading as Paddy Power and Betfair agreed a £2 million settlement with the Gambling Commission after harm indicators went unflagged, including a customer who deposited £25,000 in 25 days before any intervention.</description>
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      <title>theScore Bet replaces ESPN Bet in 21 states</title>
      <link>https://sportsbooks.ro/news/thescore-replaces-espn-bet/</link>
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      <pubDate>Mon, 01 Dec 2025 08:00:00 GMT</pubDate>
      <category>Market</category>
      <description>PENN Entertainment moved ESPN Bet customers to theScore Bet on 1 December 2025. On the same date DraftKings became ESPN’s official sportsbook and odds provider.</description>
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      <title>Spain fines licensed operators including 888 and Codere</title>
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      <pubDate>Tue, 25 Nov 2025 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>Spain’s consumer affairs ministry fined 888 Online €250,000 and Codere €17,500 for breaching technical requirements, in a package that also hit six unlicensed operators with €5 million each.</description>
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      <title>France fines eight sportsbooks for breaching the 85% payout cap</title>
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      <pubDate>Wed, 27 Nov 2024 08:00:00 GMT</pubDate>
      <category>Fine</category>
      <description>The ANJ fined eight operators for paying out more than 85% of stakes during the 2022 World Cup. Les Echos reported €150,000 each for Betclic and Winamax and €15,000 for PMU.</description>
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