New York sued Kalshi Friday, alleging its prediction market is nothing more than illegal, unlicensed gambling, because outcomes depend more on chance than skill.
The California Gaming Association is upping the ante to try to block new rules from the state's justice department by taking the fight from the card room to the courtroom.
An ABC News examination of the rise in youth gambling, fueled by a new form of online wagering, indicates a troubling trend of gambling addictions among young people.
"Those games, it felt like crack cocaine. It was like ridiculous." Kurt Freudenberg tells us the first seeds of his gambling addiction were planted when he was just 11 years old, selling the cosmetic upgrades he won on a first-person video game, called "skins."
One of the so-called fixers in a sprawling betting scheme that allegedly raked in millions of dollars off rigged NCAA basketball games pleaded guilty.
On a typical weekday, Casino M8trix sees hundreds of card game players. On weekends, that number climbs into the thousands. New regulations set to take effect April 1 could significantly impact card rooms across California.