Betting

Bill was introduced in the Senate on Monday as prediction market companies face greater scrutiny on state levelPrediction markets are facing fresh bipartisan scrutiny in the US Senate as companies like Kalshi and Polymarket continue to battle state-led efforts to regulate online betting.A bill was introduced in the US Senate Monday that would ban federally regulated platforms from allowing wagers on sporting events, what would be a huge blow to marketplaces where billions of dollars have been traded on major events like the Super Bowl and the NCAA’s March Madness. Continue reading...

Sports betting on March Madness 2026 games has surged 35% year-over-year, driven by expanded legal markets in 38 states, but experts warn of risks to underage bettors. NCAA reported over $2.5 billion in wagers during opening rounds, with a 25% increase among 18-24-year-olds. 'We're seeing addiction signs in college students,' said researcher Dr. Lia Nower. Regulators urge stricter age verification as tournaments progress to semifinals.

March Madness 2026 drives a massive increase in sports betting, considered the tournament's 'Super Bowl' alongside the NFL championship, with numerous games fueling wagers across U.S. platforms. While most states set the betting age at 21, a Wall Street Journal op-ed highlighted Gen Z college students facing addiction risks from gamified apps blurring entertainment and financial peril. Sportsbooks sponsor 87 teams in NFL, NBA, NHL, and MLB, while restricting consistent winners but rewarding VIP losers who generate 60-70% of revenue despite being 2-3% of bettors. Regulators in states like New York address these practices as tournaments peak.