Polymarket to Halt Michigan Sports Contracts by Nov. 25
Court-approved deal spares the company enforcement action while its Sixth Circuit appeal continues
Court-approved deal spares the company enforcement action while its Sixth Circuit appeal continues
September receipts slipped slightly from August, while iGaming tax collections again exceeded $60 million.
The state will forgo enforcement while Sixth Circuit litigation over prediction-market regulation continues.
The reported 8% increase came as iGaming remained the market’s main source of gross receipts and sports betting trailed July.
Online casino adjusted revenue rose from a year earlier, while sportsbook receipts fell 29.3% and total online gross receipts declined from July.
iGaming remained the main driver, while online sports betting posted a sharp rebound in taxable receipts
Henry Williams called a CFTC proposal “meritless” as Michigan’s exit from the problem-gambling council fed a fight over who sets the rules.
June handle fell 20% from May, while iGaming accounted for most of the state’s $341.3 million in combined receipts.
Michigan approved the rollout, letting players in Michigan, New Jersey and Pennsylvania sit in the same online pool.
May 2026 handle rose 18.5% year over year, while adjusted gross receipts fell 34.6% as the win rate slipped to 5.1%.
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