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Prediction Markets
States Can Regulated Prediction Markets Like Gambling in Unanimous Appeals Court Ruling
Saturday August 29, 2026 (3:55 pm EDT)
A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry. There are still related lawsuits pending across the country, and legal experts believe the matter will ultimately be settled by the Supreme Court. But Friday’s ruling from the Ninth Circuit Court of Appeals is the largest courtroom victory to date for the states as they seek to regulate prediction sites. The 3-0 ruling came from a panel of three Trump-appointed judges. The case originated from Nevada, where regulators tried to shut down the Kalshi prediction site.
Read the Ruling Below
The Ninth Circuit ruled today 3-0 in favor of Nevada, emphatically rejecting the view that the federal
Commodity Exchange Act preempts application of Nevada’s gaming laws to sports-event contracts offered
by Kalshi, Crypto.com, and Robinhood.
“We are pleased with the Ninth Circuit’s ruling today in favor of Nevada. This completely vindicates what
we have been saying all along. This is sports betting and needs to be properly regulated by the state. The
Nevada Gaming Control Board has been regulating gaming in the state of Nevada for more than 70 years in
accordance with the highest standards and best practices. We will continue to vigorously enforce Nevada
law to safeguard gaming in our state,” stated Nevada Gaming Control Board Chairman Mike Dreitzer.
The Board has taken decisive action in recent months to halt the operations of other prediction markets in
the state and has successfully restricted the operation of the unlicensed prediction markets that had been
known to be operating in Nevada.
“Prediction markets offering sports-event contracts constitute gambling and must comply with Nevada’s
gaming laws and regulatory framework. I commend Chairman Dreitzer and the Nevada Gaming Control
Board for their diligent work to uphold Nevada’s longstanding regulatory standards, safeguard the integrity
of our gaming industry, and ensure the public can continue to have confidence in its oversight," said
Nevada Governor Joe Lombardo.
The Board considers the offering of sports event contracts, along with certain other event contracts, to
constitute wagering activity under NRS 463.0193 and 463.01962. As such, entities offering these contracts
must be licensed in the state of Nevada. The Board has also determined that Kalshi’s operations are
unlawful in Nevada and in violation of NRS 463.160, NRS 463.350, NRS 465.086, and NRS 465.092.
Nevada’s public policy, as expressed by the Legislature, is that the gaming industry is vitally important to
the economy of the state and the general welfare of the inhabitants and therefore must be licensed,
controlled, and assisted to protect the public health, safety, morals, good order, and general welfare of the
inhabitants of the state.
Horse Racing - Travers Stakes
Travers Stakes Morning Odds
Saturday August 29, 2026 (11:47 am EDT)
We have your Travers Stakes morning odds as this race is set to go off at 6:35 pm EDT, so all bets must be placed by that time.
Horse ML Odds Quick take
Golden Tempo 5-2 Derby & Belmont winner; horse to beat
Renegade 3-1 Derby runner-up; won Jim Dandy at Saratoga
Emerging Market 5-1 Louisiana Derby winner trying to rebound
Sea Strike 5-1 Improving colt coming off Curlin Stakes win
Napoleon Solo 8-1 Preakness winner; dangerous early speed
The Puma 8-1 Tampa Bay Derby winner; 3rd in Haskell
Baby Vino 10-1 Haskell winner; three-race winning streak
Silent Tactic 10-1 3rd in Jim Dandy; interesting closer
Leading Change 12-1 Unbeaten 2-for-2; Indiana Derby winner
Ocelli 20-1 Talented but amazingly still a maiden
Top Trending
UNC vs. TCU Early Game Seeing Plenty of Love
Saturday August 29, 2026 (11:47 am EDT)
Prediction Markets
Joe Brennan: Can't Remember the Last Time I Enjoyed Reading an Appellate Ruling This Much
Saturday August 29, 2026 (10:56 am EDT)
Can't remember the last time I enjoyed reading an appellate ruling this much https://t.co/EFiGYTiCnM
— Joe Brennan Jr (@joebrennanjr) August 28, 2026
Casino News (South Sioux City, Nebraska)
WarHorse Starts Work on South Sioux City Casino Resort
Saturday August 29, 2026 (10:07 am EDT)
WarHorse Gaming has officially started construction on a new casino and hospitality development in South Sioux City, marking the company’s third gaming property in Nebraska. The groundbreaking ceremony took place on August 27 at a site adjacent to the Atokad Downs racetrack. The project carries a reported value of $100 million. WarHorse Gaming operates as a subsidiary of Ho-Chunk Inc. The property is slated to encompass approximately 600 slot machines, 16 table games, live and simulcast horse racing, and a 100-room hotel. Plans also call for an outdoor pool area, a sportsbook section featuring sports betting kiosks, convention facilities, and multiple entertainment offerings. Lance Morgan, president and chief executive officer of Ho-Chunk, described the project as a long-term objective for the company. “South Sioux City has been part of the vision for WarHorse from the beginning, and we’re excited to get started. We’ve seen the excitement WarHorse has generated in Lincoln and Omaha, not to mention the economic impact. This is a significant investment, and we’re building a destination we believe will make a real impact on the region,” he told local media this week.
College Football
College Football Playoff Championship Futures Liabilities for the Sportsbooks
Saturday August 29, 2026 (9:59 am EDT)
Current CFP champ liabilities (at BetOnline):
Oregon +700 (XL Loss)
Georgia +1000 (S/M Loss)
LSU +1400 (S/M Loss)
Indiana +1000 (S Loss)
Clemson +12500 (S Loss)
Notre Dame +700 (S Loss)
Soccer (Premier League)
Tottenham vs. Newcastle Betting Preview
Saturday August 29, 2026 (9:59 am EDT)
Tottenham are preparing to play host to Newcastle United in a Premier League meeting at Tottenham Hotspur Stadium on 2026-08-29 GMT. Tottenham promises a payout of $115 for every $100 bet. They have registered a draw in half of their last two home fixtures, pointing to difficulty in clinching victories on their own ground. Tottenham have won just 3 of their last 20 matches in Premier League. Newcastle United enter the tie after suffering defeat in two of their previous three away matches, highlighting recent challenges on the road. They have not been beaten in 8 of their 9 most recent clashes with Tottenham in all competitions. In past encounters, Newcastle United have come out on top, with Tottenham losing five of the last six head to head matches across all leagues.
Prediction Markets
Illinois and Rhode Island Latest Prediction Market Court Filings
Saturday August 29, 2026 (9:41 am EDT)
Illinois and Rhode Island have already filed the Ninth Circuit decision in KalshiEx v. Assad as “supplemental authority” in their cases with Kalshi and the CFTC. Motions for preliminary injunction have been fully briefed both cases. pic.twitter.com/UiN6nTrUR4
— Daniel Wallach (@WALLACHLEGAL) August 29, 2026
Little League World Series
Ohio vs. Nevada
Saturday August 29, 2026 (9:41 am EDT)
Ohio vs. Nevada will be played at 3:30 pm EDT with Nevada the -125 favorite and Ohio being offered with a line of -105. Nevada handed Ohio its only loss of the tournament, and it was a wild one. Ohio led 5-2 in the fourth inning, but Nevada came back and won 6-5 on Hudson Cowley's two-out walk-off single. Ohio has responded by winning five consecutive elimination games. Even more impressive: during that run, Hamilton has outscored its opponents 39-6. Boone Treadway may be the most important player in the game. He's Ohio's shortstop and one of its top pitchers, who is slated to start today. He has 13 strikeouts on the mound, but his plate discipline has been extraordinary: Treadway has drawn a LLWS-record 11 walks. Nevada's strength is its well rounded hitting across the board. Paseo Verde is batting a U.S.-best .351 with a .440 on-base percentage, and nine players are hitting at least .333. Nevada has accumulated 23 hits over its last two victories. Hudson Cowley deserves attention here. He delivered the walk-off hit that beat Ohio in their first meeting and can also pitch.
College Football
College Football Officially Kicks Off Saturday
Saturday August 29, 2026 (9:41 am EDT)
There are eight FBS games today, Saturday, August 29, for Week 0 of the 2026 season.
Time ET Matchup Current spread
12:00 North Carolina vs. TCU — Dublin TCU -8.5
3:00 San Jose State at #14 USC USC -38.5
3:30 NC State at Virginia Virginia -4 to -4.5
5:30 Jacksonville State at North Dakota State NDSU -6.5/-7
6:30 Sacramento State at Eastern Michigan EMU -8.5/-9
7:00 New Mexico State at Florida State FSU -31/-31.5
7:00 Hawaii at Stanford Stanford -3.5/-4
10:00 Memphis at UNLV UNLV -4/-4.5
North Carolina vs. TCU is probably considered the most intriguing and competitive game of the weekend, in the oddsmakers eyes at least. TCU is coming off a strong 2025 and has considerably more proven offensive production. Jeremy Payne is a major player to watch after rushing for 623 yards at 5.7 per carry while adding 207 receiving yards last season. Jordan Dwyer gives TCU an established receiving threat after 54 catches for 730 yards and seven TDs. The question is whether UNC can make a significant jump in Year 2 under Bill Belichick. TCU is laying more than a touchdown, so UNC doesn't necessarily need to win to make this interesting.
- Chris Costigan, Gambling911.com Publisher
