Polymarket CEO Shayne Coplan blasted traditional sportsbooks as a "scam" at Axios BFD and said he expects the Supreme Court to eventually decide whether prediction markets can offer their version of sports betting.
Why it matters: Prediction markets have enjoyed a string of legal wins allowing them to offer sports betting via "events contracts" in the handful of states that haven't legalized gambling.
The NBA is again shaking up its All-Star game format, this time pitting U.S. and international players against each other.
Why it matters: The revamped format reflects the league's push to boost global reach and add competitiveness ahead of a wave of major global events landing in Los Angeles.
A Senate committee said on Monday it will investigate Major League Baseball (MLB) following a recent high-profile gambling scandal.
Why it matters: The probe signals more congressional oversight into what the committee labeled the "integrity crisis" in American sports, according to a letter from the Senate Committee on Commerce, Science and Transportation to MLB Commissioner Rob Manfred released Monday.
