NCAA Poised to Allow Betting on Professional Sports

A major change could be on the way to the NCAA’s sports betting guidelines for student-athletes and team personnel.

According to Legal Sports Report, the Division I Council is expected to remove the rules against sports betting on professional sports that are in place for college athletes, coaches, and team members.

The change would not alter the ban against betting on college sports.

New Jersey Bill to Ban College Player Props Heads to Senate Floor

A New Jersey Senate committee has advanced a bill that would ban prop betting on college players.

The Senate Wagering, Tourism, and Historic Preservation Committee approved Senate Bill 3080 last Thursday on a 5-0 vote. Introduced by Sen. Kristin Corrado (R-40) in April, the bill would remove college player prop bets from all New Jersey sportsbooks.

The next stop for the bill will be a full discussion on the Senate floor.

Prediction Platforms Skirt Sports Betting Protections, States Argue

The fight against prediction exchanges continues to rage.

Ohio Attorney General Dave Yost, along with AGs from more than 30 states, filed an amicus brief Tuesday imploring the US Court of Appeals to side with New Jersey in its lawsuit levied by Kalshi, a prediction exchange that enjoys federal protection.

Underdog, DraftKings Become Trailblazers for Missouri Sports Betting

Missouri has received its first applications for operator licenses ahead of the state's sports betting launch on Dec. 1.

DraftKings Sportsbook and Underdog were the first to submit applications to operate sportsbooks in the Show Me State. Missouri promises to be a hotbed for US sports betting, despite the referendum legalizing it narrowly passing last November.

A maximum of 14 online sports betting licenses will be available.

PA Man Pleads Guilty to Defrauding Millions to Fuel His Sports Betting

A Pennsylvania man pleaded guilty this week to misappropriating millions of dollars to fuel his sports betting habit.

As part of a plea deal with the US Attorney’s Office for the Eastern District of Pennsylvania, Louis Belletieri, 43, of Allentown, pleaded guilty to two counts of wire fraud, according to the Department of Justice.

Belletieri took the money from a title business he owned and also submitted a fraudulent application to the Small Business Administration.

DraftKings Plans Response to Illinois Tax Hike on Sports Betting

DraftKings is prepared to retaliate against Illinois’ new per-bet sports betting tax that could cost the company nine figures annually.

“In response to the recent and prior mobile sports wagering tax increases in Illinois, DraftKings anticipates taking action and expects to share more information soon,” a DraftKings statement read, per ESPN’s David Purdum.

FanDuel Sportsbook already implemented a $.50 surcharge on every wager placed in Illinois. It also promised the surcharge would be removed as soon as Illinois got rid of its new tax standard.