All articles tagged with #gambling
Powerball’s next drawing has a $1 billion jackpot with a cash option around $433.1 million before taxes, as ticket sales jumped about 86% versus the previous Monday—driven by the enormous prize. Tickets cost $2 and are sold in 45 states and several territories, with proceeds supporting public programs in the jurisdictions where purchased.
A Quincy, Illinois Powerball ticket won the $1.04 billion jackpot from the Aug. 12 drawing, with the prize resetting to $20 million for the Aug. 15 draw. The Aug. 15 numbers were 5-8-27-29-63 with Powerball 13 and Power Play 2x. Florida had a $1 million second-tier winner in the Aug. 8 drawing, and a Lakeland ticket is noted among the second-tier winners. The next drawing is Aug. 19, with odds of 1 in 292.2 million.
New York Attorney General Letitia James filed a $36 billion lawsuit against Kalshi, alleging the platform runs an illegal gambling operation by offering sports-related prediction markets. The state seeks an injunction to stop unlicensed wagering, plus at least $36 billion in penalties and $100,000 per unlicensed instance. The case hinges on whether sports prediction markets count as gambling under federal law and whether federal authority overrules state decisions on gambling, a debate with implications for the future of prediction markets and sports betting as the Supreme Court weighs its stance.
New York Attorney General Letitia James filed a 32-page lawsuit in Manhattan state court seeking to shut down Kalshi’s prediction-market operations and impose up to $36 billion in penalties, arguing the platform illegally operates as unregulated gambling and violates state age requirements. Kalshi denies wrongdoing, says it should be federally regulated by the CFTC, and the suit follows federal court losses and ongoing state challenges that could reshape regulation of prediction markets and potentially affect executives’ liability.
New York Attorney General Letitia James has sued Kalshi, alleging the New York–based prediction market operates illegally by accepting wagers without a license from the state gaming commission. An OAG investigation says Kalshi could expose New Yorkers to personal and financial risks, including bettors under 21, and seeks to block Kalshi’s activities in the state and restitution for customers. New York joins several other states in challenging Kalshi, while the federal CFTC maintains it has exclusive jurisdiction over prediction markets; Kalshi contends the action is politically motivated and could push betting offshore. The case adds to ongoing concerns about insider trading in prediction markets.
New York Attorney General Letitia James filed a state-court suit against Kalshi, alleging the online prediction market operates as illegal gambling because Kalshi did not obtain a NY gambling license or pay taxes. The state seeks an injunction, fines, restitution, and the forfeiture of profits. Kalshi countered that the case is politically motivated and noted federal regulation via the CFTC. The dispute highlights a broader clash between state gambling laws and federal oversight of prediction markets, with related actions in Rhode Island and ongoing court battles over jurisdiction between NY and the CFTC.
Delaware players have until 9:45 p.m. Wednesday to buy Powerball tickets for an estimated $663 million jackpot (cash option about $290.4 million before taxes) with the drawing at 10:59 p.m.; the prize would be paid as an annuity or as a one-time lump sum, and final amounts depend on national sales. Monday’s numbers were 6, 26, 46, 58, 65 with Powerball 25 and a Power Play of 2, and no ticket matched the jackpot or the $1 million prize. Powerball tickets cost $2 per play (Power Play adds $1). Odds of winning the jackpot are about 1 in 292.2 million, while overall chances of any prize are about 1 in 24.9.
A federal judge issued a preliminary injunction blocking Minnesota’s attempt to ban prediction markets, ruling that many event contracts traded on Kalshi and Polymarket qualify as swaps under the Commodity Exchange Act and fall under the CFTC's exclusive jurisdiction; the court said Minnesota may still pursue a partial ban on certain types of contracts that do not fit the swaps definition, and the case will proceed to determine the merits with potential appeals.
Thomas Goldstein, SCOTUSblog founder and prominent Supreme Court litigator, was sentenced to six years in prison for tax evasion and mortgage fraud after concealing more than $25 million in gambling income and deducting gambling debts as business expenses; the trial included testimony from Tobey Maguire, and Goldstein was convicted on 12 of 16 counts with prosecutors saying more than $9.5 million in unpaid taxes were owed. He faces restitution of about $3.1 million and five years of supervised release following his prison term.
US players lash out at Powerball’s expansion into the UK, accusing officials of corruption and saying they’ll abandon the game for state lotteries. UK tickets cost about $5.35 per line, with a UK jackpot around £322 million ($430.5 million), while the US jackpot remains over $600 million; officials say American odds and payouts aren’t changing, though critics argue the broader pool undermines the American game.
The NFL suspended an Arizona Cardinals executive indefinitely for violating the league’s gambling policy; the move highlights ongoing enforcement of gambling rules across teams, though the article summary does not disclose the specific violation.
Texas Tech Board of Regents Chair Cody Campbell donated about $274k to Ken Paxton’s Senate campaign one day before Paxton sent a letter to the Big 12 warning against sanctioning Texas Tech over Brendan Sorsby’s eligibility, tying Campbell’s support to Paxton’s intervention in the Sorsby saga.
A 21‑second Cameo video Bryce Harper recorded for a man with gambling debt was reportedly bought by a FanDuel employee and used in the sportsbook’s VIP bettor program without Harper’s knowledge, fueling scrutiny of VIP perks and responsible-gaming practices amid lawsuits and regulator interest.
At Big 12 media day, Brett Yormark dodged a direct answer about Cincinnati’s knowledge of Brendan Sorsby’s gambling in the NCAA probe, prompting the author to demand transparency: if Cincinnati knew and played Sorsby, sanctions should follow; if not, the investigation should be clarified. The NCAA says it received a sportsbook tip (alerted by law enforcement) about Sorsby, while multiple reports and Sorsby’s lawsuit allege Cincinnati knew in 2025. The piece criticizes Yormark’s performative response, questions the tip’s chain of custody, and notes Sorsby’s long gambling history and Cincinnati’s NIL/education defenses and his move to Texas Tech.