Name: Crypto.com Exits Prediction Markets in Several States
Uploaded: 2025-12-17T18:38:02-05:00
Duration: 1 s
Description: Crypto.com withdraws from sports markets in multiple states, due to legal pressures and state gambling laws. Major NFL and NBA updates also discussed.

SportsGrid College Football Today

NFL Pro Football Today

Fantasy Football Sports Today

The Early Line Live

NewsWire Live

The Bostonian Vs. The Book

Bare Knuckle Fighting Knuckle Up

Gametime Decisions Live

Color Up How To Win At Craps

The Smylie Kaufman Show

Las Vegas Football Contest Show

Daily Racing Form Weekend Preview

Combat Sports Report

Bowden Blitz ACC Podcast

Brian Christopher Slots

LatiNation Futbol Club

Front Office Sports Today

The Just Baseball Show

Bowden Blitz SEC Podcast

Fantasy Football Sports Today Sunday Premiere

The Craig Carton Show

The Bobby Carpenter Show

College Basketball Today Podcast

Pro Basketball Today Podcast

In-Game LIVE Gameday

OUR SHOWS

Crypto.com withdraws from sports markets in multiple states, due to legal pressures and state gambling laws. Major NFL and NBA updates also discussed.

Crypto.com Exits Prediction Markets in Several States

Catch the latest NFL action with a focus on key matchups like Rams vs. Seahawks and Packers vs. Bears. Insights on player injuries and game forecasts included.

NFL Week 16 Preview: Key Games and Player Injuries

College hoops action heats up. Tennessee and Duke notch wins; Arizona dominates. Mike DeCourcy joins to preview tonight's Vanderbilt vs. Memphis game.

College Basketball Heats Up with Key Conference Games

Dexter Henry breaks down the top games on the NBA slate, including the Cavaliers vs. Bulls &amp;amp; Grizzlies vs. Timberwolves, focusing on star players and tactics.

Wednesday NBA Matchup Previews and Betting Insights

LATEST SPORTSGRID VIDEOS

Wherever you are, SportsGrid can be there too. Here are all of the platforms and subscription services you can find us on and how to watch SportsGrid today.

description

keywords

google

og:locale

og:site_name

Where to Watch SportsGrid | How to Watch SportsGrid | SportsGrid

og:title

og:description

Samsung TV Plus

Roku TV

FireTV

LG Channels

Vizio

Xiaomi

VIDAA

SportsGrid is free to watch on any of the following Connected TV’s

FREE ON MY TV

DIRECTV

Amazon Prime Video

YouTube TV

FuboTV

Plex

Sling Tv

FreeCast

Local Now

Stremium

Rad TV

Free Live Sports

SportsGrid is free to watch on any of the following Streaming services

LIVE STREAMING SERVICES

Sports.Tv

YouTube

Download the new SportsGrid app, watch on SportsGrid.com or our YouTube Channel

WEB/MOBILE

SportsGrid is free to watch on any of the following platforms

ALL PARTNERS

Wherever you are, SportsGrid can be there too. Here are all of the platforms and subscription services you can find us on:

WHERE TO WATCH SPORTSGRID

CATCH UP

sports betting,sports betting updates,news,updates,recap,Crypto.com,Prediction Markets,NBA Cup,Legal Sports Report,sports,Arizona

twitter:card

twitter:title

twitter:description

https://sg-images-bucket.nyc3.cdn.digitaloceanspaces.com/thumnbail-webp/video/138073-1920x1080.webp

twitter:image

thumbnail

expires

og:type

og:image

og:image:type

og:image:width

og:image:height

og:image:secure_url

article:published_time

article:modified_time

https://www.youtube.com/embed/8a-yqHIASwI

og:video

og:video:width

og:video:height

https://www.sportsgrid.com/general/video/cryptocom-exits-prediction-markets-in-several-states

og:url

og:video:type

As 2025 draws to a close, top betting companies like FanDuel and DraftKings face challenges, with bans in some states jeopardizing their licenses going forward.

Impacts of State Bans on Sports Betting Prediction Markets

New York and New Jersey are considering bans on microbetting for sports, which could alter future betting habits in the tri-state area, specifically live odds.

New York and New Jersey Consider Banning Microbetting

Arizona pulls Underdog's license tied to Crypto.com. The Kansas City Chiefs are eliminated from playoff contention, with Mahomes sidelined by an ACL injury.

Underdog's License Revocation and Key NFL Injury Updates

Key prediction market leaders Kalshi and Crypto.com unite to push for supportive regulations and tackle legal hurdles. Check out what they are planning!

Prediction Markets Form Coalition to Navigate Legal Hurdles

Kalshi faces a legal challenge in Connecticut over its prediction market operations, with a court hearing in February, potentially affecting its future.

Kalshi's Legal Battle in Connecticut: A Prediction Market Fight

Underdog exits North Carolina sportsbook to focus on prediction markets, now active in 25 states with plans for more. Transition emphasizes industry trend.

Underdog Shifts Focus to Prediction Markets in Sports Betting

Leading U.S. prediction market firms join to seek CFTC regulation, overcoming state-level barriers. Companies such as Robinhood and Coinbase are taking action.

New Trade Coalition Forms for U.S. Prediction Markets

NCAA bans former San Francisco men's basketball player Marcus Williams for life amid probes into sports betting and coaching scandals, the latest of many.

NCAA Ruling Shakes Up College Sports Amidst Scandals

New York may bolster its gaming sector by legalizing online casinos in 2026. For more legal analysis across the gaming industry, check out Legal Sports Report.

New York Eyes Major Online Casino Legislation by 2026

Missouri's sports betting debut awakens massive interest in the state. For more legal analysis across the gaming industry, check out Legal Sports Report.

Missouri Launches Sports Betting: Promising Early Data

Prediction Market HQ

CFB Transfer Portal Home Page

College Football Playoff Center

CFB Bowl Games This Week

Where to Watch Live Sports

https://dvoddu1zuaybw.cloudfront.net/sportsgrid.png

SportsGrid

But first, let's begin. Crypto.com has decided to pull their prediction markets, AKA event contracts in multiple states under some pressure in the state by state legislation. Right now, Crypto.com is not live with sports markets in Arizona, Michigan, Maryland, Massachusetts, Illinois, New Jersey, Nevada, and Ohio. Each of those states in some way has decided that sports prediction markets is illegal gambling without a sports wagering license. Crypto.com has obliged by getting out of those markets, at least for the time being. The National Football League has seen a Very big quarterback change this morning. The Miami Dolphins, who extended Tuatunga Ioa just a year ago and guaranteed him more than $50 million have made a change. Quinn Ewers is gonna start this Sunday against the Cincinnati Bengals. If they cut Tua, it'll be $99 million in dead money, which the Dolphins almost certainly are gonna have to do after the season. After June 1st, it would be $67 million but the Tua era appears to be over. In Miami, Quinn Ewers, former Texas quarterback, will start against the Cincinnati Bengals. Meanwhile, Thursday Night Football seemingly up in the air for a Pro Bowl wide receiver, Devonte Adams, who has over 780 yards and 14 touchdowns this season, was injured this past week in the game with an injured hamstring. Sean McVeigh gave us a status update going into the game tomorrow night against Seattle. Can you, uh, so can you give us an update on, uh, Devonte Adams, what he's dealing with and what his status is for? Yeah, it's just, you know, it's the hamstring like we saw, you know, the two guys that'll be DNPs that, you know, we're gonna give them every chance that they've got would be, you know, Devonte with the hamstring and, and Fiska, you know, came out of the game with a little bit of soreness in his ankle. Um, kind of got banged up. So, you know, we'll, uh, we'll take it a day at a time with those guys and, um, you know, those, because of the, you know, it'll just be a practice projection. So they'll both be DNPs, uh, you know, but we'll, uh, we'll take it all the way up to game time and see where they're at. So at this point, you're not ruling Devonte out of I'm not ruling anyone out. In the Veterans Bowl, college football, wow, what a fun one this was. Jacksonville State beat Troy. Did you catch it? 17 to 13, I didn't either. All right, the NBA Cup last night, it goes to the New York Knicks. Congratulations as they raised the cup in Las Vegas. New York 114, San Antonio 103. Jalen Brunson is your NBA Cup MVP. He had 25 points and 8 assists, as you see there. Very impressive win by the Knicks. Wemby only played 24 minutes, so maybe I was right. Maybe he is still hurt yesterday if he caught that show, screwed up there. 18 points and 6 rebounds. LeBron James, Giannis, and Brunson are your NBA MVPs of this mid-season cup that they decided to do several years ago. Congrats to Mike Brown and Jalen Brunson, who were, as you saw there, raising the confetti afterward. Here's Brown on the win. And so, um, you know, I feel like our staff and our players, uh, our, our organization, uh, start with Mr. Dolan going down, uh, everybody has a competitive spirit. Uh, even, even Derrek does too. I mean, you should see him after my interview sometimes and after the game. He's just like, yes, yes, you know, so, so that competitive, uh, spirit exists throughout the organization. And then, You know, having a guy like Jalen, uh, as your leader who embraces the work, embraces the process, uh, more importantly, embraces the details of what you need to do to go out there and win. Uh, Jalen, both semifinal games, uh, the other day were very competitive. How much do you think the NBA layering in multiple days of rest has led to the high level of, uh, compete? Um, I think it helps and um. Obviously because the East Coast seems adjusted a little bit too, but um. Yeah, it was very competitive and it's, it's a, it's a credit to the teams that are that are playing as well, and so um guys are going out there competing, wanting to win, um trying to give the, the team the best opportunity to do so, and so um. It's a credit to the teams as well. Meanwhile, the Spurs take the L in the cup. Here's Mitch Johnson, the head coach on their team fighting to the end, but coming up short. Mitch, even if it didn't end like you wanted it to, what do you think the guys got out of this whole experience? Probably that word more than anything, the experience, um. Second game altogether, playing really competitive games against really, really good teams, seasoned, experienced teams that have been in similar situations. I'm not sure about all the cup experience of all the teams, but You know, be able to feel those games, work those games, be in the moment in those games, I think is invaluable experience. You know, I, I. My answer is simply going to be that you know in modern basketball we see a lot of Brands of basketball that don't offer. Much variety in the dangers they pose to the opponents. Lots of isolation, but. And um, Sometimes kind of forced basketball, and we try to propose a brand of basketball that can be described as more old school sometimes, um, the, the Spurs way as well. So it's um Tactically more correct basketball in my opinion. Connecticut wins another game on the hardcore. Number 5 team in the country takes care of Butler. They were big favorites, 15.5 points, to be exact. Solo ball had 26 points, 79 to 60, the final. UConn now, by the way, has never lost to Butler. That's interesting. 12-0. Here's Dan Hurley on the blowout win. Obviously, the 15 turnovers are concerning. This is back to back games with that, and, uh, you know, so that's an area that we've obviously got to clean up, especially when you're shooting 51% from the field. You know, just, um, to, to just the 15 turnovers is, uh, you know, very, very discouraging, but I was happy that we finally showed some teeth on the glass, uh. Especially in the in the first half and then, um, you know, I just wish it was more killer. Instinct killer put a team down, uh, bury a team we had chances to do it and then it would, you know, go from 23 to 11 or, you know, up to 18 back to 14. I mean we just, you know, this, this team's got to get a killer, uh, a killer instinct. Won by 19. I, I, I don't know how much more Early was looking for there. All right, Saint John's creeping back into the top 25. They're 22nd in the country, taking care of DePaul, 79 to 66. Dylan Darling had 17 points off the bench. They're now 7-3 on the season, so Rick Pitino will take that win to the bank. You know, when you can. When you have your Three guys that have been the rock of our team, Zuby Bryce. And Dylan Mitchell not play well. And your defense is there against a very tough basketball team. And your point guard. Who was a little shaky with his confidence prior to yesterday, totally dominates the game. It's an amazing feeling and I'm so proud of Dylan. I told Joe something before the game, man, I need you to rebound and he got us 9 rebounds. Um, so the two of these guys played terrific on a night when the other guys didn't have it. But, uh, what I said to guys in the locker room, you know, certain nights you may not have it. But your defense has got to win it for you, and it did, and this young man just took over the game at the point guard position. Tennessee takes care of Louisville, 20 beats 1193 to 62. The balls are 6-0 this season at home. In baseball's hot stove, we have Brad Keller, relief pitcher, signing a two-year contract for over $20 million according to Robert Murray. And the New York Post reports that, uh, former now Yankees, uh, bullpen arm Luke Weaver looks to be signing with, or at least close to signing with the New York Mets. So that's the latest in the hot stove today. Welcome back to Newswire here on Sports Grid. Happy holidays to my friend Sam McQuillan from Legal Sports Report who joins us here on this Wednesday to go over the very latest in the sports betting landscape, of course, the prediction markets landscape, which is generally what we talk about a lot here on the show. Uh, Sam, let's talk about, uh, Arizona, the state of Arizona, along with many others seem to be now finally having some pushback against these prediction markets. So, naturally, if you're gonna operate in a state where the state feels that it is illegal, it needs to be regulated, and you need to pay taxes, then you're gonna have to stop operating and that indeed is coming from one, non-sports betting operator, ironically, a, a daily fantasy peer to peer operator. Yeah, the Arizona Department of Gaming this week sent Underdog a notice of violation and intent to revoke its fantasy sports license. Arizona, one of the number of states underdog, has conducted fantasy sports business in for a number of years. Some states require a license, some states don't. If you recall anything about the prediction market landscape, a lot of states are really upset. They believe that sports prediction markets are essentially bypassing their state laws and kind of lying about the Under federal oversight instead, there's a bunch of lawsuits going on right now, but Underdog actually has a partnership with Crypto.com, which is one of these big sports prediction market platforms, and under that partnership it hosts Crypto.com sports prediction markets. On its website, that website actually isn't available in Arizona. Underdog is not offering prediction markets in Arizona, but the Department of Gaming is saying because you're partnering with Crypto.com, which is also offering its prediction markets in Arizona. And elsewhere you're essentially aiding and abetting what they're calling is an illegal practice, an illegal gaming operation, legitimizing them, and they're saying that, you know, as a licensee of Arizona they're not going to tolerate them allowing basically an enemy of the state to do business and benefit from that business. So Arizona, immediately you cannot do underdog fantasy products there right now. The The pick em games they have, of course, as well as a host of other fantasy formats, but Underdog actually has about 30 days to appeal the notice, which is when they're going to kind of prepare arguments that have been made a lot in federal and state courts recently where the same kind of battles between prediction markets and states and other gaming regulators are playing out, where on one side you have prediction markets like Crypto.com and its partners saying, You know, these are subject to CFTC oversight. These are federally regulated and then states on the other side saying that's not true. It was never intended that way. This is de facto sports gaming. So we'll see what shakes out with that appeal. I wouldn't hold your breath for underdog winning the appeal because they'll be making the argument before the regulators themselves, basically telling them why they shouldn't have oversight over this thing. So it'll be pretty interesting to see kind of If other states follow, obviously a number have taken action against prediction markets, as well as companies like Underdog, which have traditionally been fantasy operators or sports betting operators and are now doing prediction markets themselves. You have Fanatics recently doing it, and then any day now I'm told FanDuel and DraftKings are going to do their own. So you already have one state taking action against a licensee. It'll be interesting to see when the other licensees inevitably kind of break their laws, what will happen next. Yeah, meanwhile, the prediction markets around the country, Sam, facing some scrutiny now here and it appears, as we discussed earlier in the show, crypto.com is gonna pull out of some states because they're getting some pushback as well. And so, uh, you know, naturally, Sam, I think you knew, and everyone else knew that eventually, eventually, there was gonna be Some significant questions surrounding this. It just comes down to eventually maybe how the Supreme Court or someone else views these prediction markets, but for the time being, I think smart move for uh these markets that don't fully support it to at least pull out for the time being, unlike some others where they still continue to operate until they're told, no, you're doing this illegally. Yeah, it's definitely been a game of how long can we kind of get away with this before the courts catch up, as you know, like when you talk about something going to the Supreme Court, which it sounds like in this case is increasingly likely, that takes a long time. It has to go through the lower courts first, which take their own long times, and then eventually that has to get appealed whenever the decision is there, and eventually it would make its way to the Supreme Court. So we're talking not for, you know, the next couple Of years at kind of the earliest. And meanwhile prediction markets, most of them aren't pulling out of states. You have companies like Calci, Crypto.com, and others ramping up their partnerships, partnering with more places to legitimize them, places like CNN, getting big investments and kind of sort of becoming too big to fail all while the legal system catches up. You have those myriad of state lawsuits playing out. Cases companies have won favor with the judges, allowing them to keep offering these sports prediction markets while the cases play out. In other cases like in Arizona, that has not been the case. But meanwhile you have kind of Congress starting to at least become aware of the issue. There was a reauthorization hearing held by the House Committee on Agriculture this week which was designed really just to see what was going on with the CFT. CFTC, which has been really understaffed and underfunded for years now, but it quickly became a hearing that was focused on can the CFTC even regulate this stuff? Should it regulate this stuff? Do we have to modify the Commodities Exchange Act, which essentially gave the CFTC purview over sports over event contracts before we even knew sports event contracts would be a thing. So they had a number of Experts and former commissioners and general counsel testifying saying that the CFTC really cannot handle this kind of stuff unless you give it more resources or maybe congress members and senators have to propose legislation that would change the law. So we'll see what happens there. No legislation was proposed immediately, but it's definitely going to be an issue we keep watching as this crazy prediction markets landscape keeps unfolding. And you can read more about these stories and more over illegal sportsreport.com, as Sam McQuillan is with us to discuss. Sports betting, supremely popular when Paspa was overturned. I still think there is an appetite for it, Sam. There's no question, shows like ours keep people informed on the landscape and where things have headed, but the general public. I think, uh, you know, sometimes can be a little bit wary of, of sports betting, you know, we've had a lot of athletes scandals, there's a lot of advertising going on. And, uh, and look, I, I think when the dust settles, there'll be some pullback on that as well. But for the time being, I know that you, uh, found a poll that essentially said that there are some folks who are just getting a little bit worn out by seeing all the ads and everything else. Yeah, that's definitely been the case. It's an interesting time in the sports betting landscape where you have 39 states where it's legal now and we're talking about all these new entrants and prediction markets and as you mentioned, recent scandals in the MLB and NBA which have caused Congress to actually look at those leagues' betting rules and safety integrity guards. But the Washington Post and the University of Maryland came out this week with a combined poll that found that 36 6% of Americans they interviewed randomly on the phone and online said that they view sports betting expansion as a negative thing. That 36% number was up from 23% in 2022, with about half saying they kind of view it neutrally and don't have a stance. So it signals that Americans are at least growing a little bit more wary than they were of sports betting. Now their reasons differ. Most of them. Center on being concerned about addiction concerns, you know, whether or not games are being fixed or it's incentivizing athletes to be fixed, all issues which require a lot of nuance when we talk about, you know, legalizing sports gambling versus keeping it kind of in the dark in the shadows. I think to sports betting's credit, it's done a lot right in bringing these things to the surface. These scandals, addiction issues that sports betting companies say they're committed to combating. That we wouldn't be hearing about if sports betting was illegal and not all in our face with advertisements and in the news constantly and certainly a big part of how we discuss sports now. So it's kind of, you know, a little bit of both sides whether or not, you know, this is a good thing that it's more legal. We're paying more attention to it now, but with that comes more scrutiny and certainly more polls and more public scrutiny. So yeah, you know, we almost have 50 states. That are legal now. Interesting to see in the next couple of years what Americans think. Who knows what will happen between them, between scandals and sports books and, you know, how the industry is just changing pretty much every day. Agreed, Sam. Should be uh the story of the year, I think in 2026. Thanks again for coming on the show. Happy holidays. We'll catch up again later in the week. Thanks for coming on. Yeah, happy holidays. You too, Craig.

Crypto.com Exits Prediction Markets in Several States

Sports Betting

Sportsbook Promos

Social Casinos