Congress might intervene on prediction markets
July 23, 2026
Congress weighs regulating sports prediction markets
Congress is currently debating whether to introduce federal regulations for the rapidly growing prediction market industry, which allows users to trade event contracts tied to sports outcomes on platforms like Kalshi and Polymarket. Traditional gaming industry leaders and lawmakers argue these products mimic sports betting while avoiding state gambling laws and consumer protections, warning of lost tax revenue and regulatory arbitrage. Conversely, former regulators and industry supporters defend the markets, contending that the Commodity Futures Trading Commission (CFTC) already maintains an adaptable and sufficient oversight framework for these financial derivatives.
WGME
MLB Trust term notes gain Fitch 'A' rating as media revenue supports leverage
Fitch Ratings has assigned an 'A' rating with a Stable Outlook to Major League Baseball’s issuance of approximately $40 million in senior secured term notes. This rating is supported by strong near-term cash flow visibility driven by national media rights contracts locked in through 2028 and a collective bargaining agreement secured through the 2026 season. Designed to fund loans to club trusts, the bankruptcy-remote securitization structure maintains low leverage levels while effectively insulating investors from individual team-level operating risks.
Traders Union
Hard Rock Bet Named Official Sportsbook of the Miami Marlins
The Miami Marlins and Hard Rock Bet have entered into a multi-year partnership naming Hard Rock Bet as the official sportsbook of the Major League Baseball franchise. The collaboration includes prominent branding and digital signage throughout loanDepot park, as well as live odds integrations during Marlins.TV telecasts. Additionally, the partnership offers fans exclusive rewards, social media content, and special promotions, such as unlocking a Bonus Bet whenever the Marlins hit a grand slam.
Hard Rock Bet
Megan Rapinoe launching solo interview podcast with Vox Media
Former soccer star Megan Rapinoe is set to launch a new weekly solo interview podcast titled Why Are You Like This? with Vox Media on August 6. The series will feature in-depth conversations exploring both the personal and professional lives of notable athletes, artists, activists, and influential cultural figures. This venture marks Rapinoe's first solo audio project since winding down A Touch More, the podcast she previously co-hosted with her former fiancée Sue Bird before their breakup earlier this year.
Yahoo Sports
Canadian PM sets out C$1bn investment for sports infrastructure
Canadian Prime Minister Mark Carney has announced a historic C$1bn investment in sports infrastructure, marking the country's largest-ever financial commitment to sport. The decision follows Canada's successful co-hosting of the 2026 FIFA World Cup and a historic run by its national soccer team into the tournament's knockout stage. The funding will go toward upgrading stadiums, local fields, and community parks, as well as establishing a permanent Canada Soccer National Training Centre to support athlete development.
The Stadium Business
Investor group led by QPR co-owner Amit Bhatia in talks for Liverpool minority stake - sources
An investor group led by former Queens Park Rangers co-owner Amit Bhatia is currently in talks with Fenway Sports Group (FSG) to acquire a significant minority stake in Liverpool Football Club. Backed by the billionaire Mittal family, the consortium's bid comes following Bhatia's recent step-down after 17 years at QPR. Although no deal has been finalized yet, any purchase would leverage the English club's current valuation of approximately £4.63 billion ($6.2 billion).
ESPN
NFL Network’s Tom Pelissero among growing list of talent in ESPN layoffs
NFL Network insider Tom Pelissero is expected to be among those let go in a high-profile round of ESPN layoffs, despite initial expectations that he would transition smoothly following ESPN's acquisition of the network. While co-host Mike Garafolo was retained with a contract extension, Pelissero is slated to be released with one year remaining on his contract as parent company Disney executes broader cost-cutting measures. The sweeping cutbacks also target several other notable sports media figures, including analyst Charles Davis, injury expert Stephania Bell, "SportsCenter" anchor David Lloyd, and veteran baseball broadcaster Karl Ravech.
New York Post
Phoenix Suns. Finance Analyst.
Headquartered in downtown Phoenix, Player 15 Group is the collaborative, people-first sports and entertainment company behind the Phoenix Suns, Phoenix Mercury, and Valley Suns. To support their growing organization, they are seeking an experienced and motivated Finance Analyst for a high-impact role on their team. This position will primarily support all financial facets of the Payroll department while actively contributing to broader department-wide initiatives. Apply Now.
TOCA Football. Lead Experience Associate.
TOCA Football is seeking a high-energy Lead Experience Associate to serve as a hands-on shift leader and guest experience champion at their sports center in Evanston, Illinois. In this part-time role of up to 30 hours per week, the selected candidate will own the front desk operations, manage daily facility logistics, and coach teammates to maintain a vibrant, welcoming environment. Ideal candidates should possess natural leadership skills, technical confidence, and the flexibility to work during peak times, including evenings, weekends, and holidays. Apply Now.
Legends Global. Concessions Manager.
Position is responsible for managing the concessions operations of INTRUST Bank Arena. Manages food preparation and service operation for multiple concessions and portables. Responsible for inventory control with an emphasis on production needs. Manages staff, hiring, scheduling and training. Provides premium services and backstage catering at Capitol Federal Amphitheater. Apply Now.
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Proposed changes to Protect College Sports Act would allow conference expansion -- with a catch
Proposed changes to the Protect College Sports Act would cap Power Four conferences at 19 or 20 teams while allowing expansion only if switching schools first spend five years as an independent program. This waiting period is designed to curb rapid realignment across college sports, though currently independent schools like Notre Dame and UConn would be exempt and allowed to join immediately. Meanwhile, powerhouses like the Big Ten and SEC continue to push back against the bill's restrictions on conference mergers and media rights pooling as lawmakers attempt to reach a deal before the August recess.
CBS Sports
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