Live Gambling News, Top Trending: Updates 24/7 - Tuesday May 12, 2026

Submitted by C Costigan on

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C Costigan

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Gambling911.com News
  • CFTCFiles Amicus Brief in Federal Appeals Court: KalshiEx LLC v. Schuler
  • LeBron James Next Team, Retirement Odds
  • Keir Starmer Out os UK Prime Minister Odds: Prediction Markets Favor Before June 30
  • Chimaev Odds for First Opponent at 205 Pounds
  • Louisiana Senate and House Republicans Have Incumbent Republican Senator Bill Cassidy as Huge 18-1 Long Shot
  • Jeff Kessler a Huge Favorite to Win West Virginia Democratic Primary for Senate, Will Still Be Heavy Underdog vs. Shelley Moore Capito
  • Nebraska Democratic Primary House of Representatives Odds Have John Cavanaugh the -200 Favorite

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Prediction Markets

CFTC Files Amicus Brief in Federal Appeals Court: KalshiEx LLC v. Schuler

Tuesday May 12, 2026 (14:34 pm EDT)

The U.S. Commodity Futures Trading Commission [CFTC] argues as part of a new federal appeals court filing that event contracts should not be treated as illegal gambling products. In an amicus brief filed on 12 May (Tuesday) in KalshiEx LLC v. Schuler, the agency told the Sixth Circuit Court of Appeals that prediction markets fall under the CFTC’s “exclusive jurisdiction” because they qualify as swaps under the Commodity Exchange Act [CEA].  The filing directly mentions the state of Ohio, as well as other states, in their efforts to restrict sports-related event contracts.  “The CFTC will not allow overzealous state governments to undermine the agency’s longstanding authority over these markets,” CFTC Chairman Michael S. Selig said in a statement accompanying the filing.


Sweepstakes Casino

Q1 2026: Social Casino Operator Playstudios Posts $10.7m Loss

Tuesday May 12, 2026 (11:37 am EDT)

Social casino operator Playstudios posted a 7% year-on-year drop in revenue to $58.4m in Q1 2026, reflecting continued pressure on the social casino sector..  Playstudios CEO and chairman Andrew Pascal commented: “Our first quarter results reflected continued pressure on our legacy portfolio, particularly within social casino, but they also reflected meaningful progress in repositioning Playstudios for the future.” (source: Next)


NBA

LeBron James Next Team, Retirement Odds 

Tuesday May 12, 2026 (11:31 am EDT)

Following the 4th time that LeBron James has been swept in the playoffs, he remained noncommittal about his future
BetOnline has him favored to keep playing next season, but where?  Cleveland is currently the favorite. 


Politics (United Kingdom)

Keir Starmer Out os UK Prime Minister Odds: Prediction Markets Favor Before June 30

Tuesday May 12, 2026 (10:40 am EDT)

Traders at the prediction market Polymarket are mostly in agreement that Keir Starmer will be gone as the United Kingdom prime minister by June 30, giving this a 56% of happening.  They are nearly unanimous at 84% that this will occur by year's end. Starmer told members of his Cabinet on Tuesday that he has no intention of resigning as calls within his Labour Party for him to step down grew louder after his party suffered big losses last week in British elections.  On Tuesday, Miatta Fahnbulleh, minister of housing, communities and local government, became the first member of his government to step down, urging Starmer “to do the right thing for the country” and set a timetable for his departure.


Prediction Markets (New York)

New York Gaming Commission Launches New Campaign Against Prediction Markets

Tuesday May 12, 2026 (10:40 am EDT)

The New York State Gaming Commission has launched a new campaign warning residents about the dangers of illegal online gambling, with regulators targeting offshore betting sites, prediction markets, and sweepstakes-style casinos. The campaign, called “Avoid Risky Bets,” aims to educate New Yorkers about unlawful gambling platforms that operate without state oversight or consumer protections.


Top Trending

Top Trending Articles Last 48 Hours

Monday May 11, 2026 (9:10 pm EDT)

UFC 328 took center stage over the last 48 hours.  Sean Brady was a heavily searched fight after it was revealed there was abnormal betting patterns with his fight coming into Saturday night's event.   His fight made up half of the top ten search queries coming into the Gambling911.com website. 

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Top Articles 

  1. (Politics) - Xavier Becerra Now the -130 Favorite to Be California's Next Governor as Heavy Action Comes in on Democrat (32,380 impressions)
  2. (UFC) - What Are the Payout Odds Joshua Van v Tatsuro Taira: Method of Victory UFC 328 (31,661 impressions)
  3. (Online Casino) - Is Winna a Scam? Understanding Transparency in Crypto Gambling (24,972 impressions)
  4. (UFC) - What Are the Payout Odds If Sean Strickland Wins vs. Khamzat Chimaev in UFC 328? (16,866 impressions)
  5. (UFC) - Sean Brady vs. Joaquin Buckley Abnormal Betting Pattern Sees Major Flip in Favorite (13,039 impressions)
  6. (UFC) - Joshua Van vs Alexandre Pantoja Fight Odds (8,006 impressions)
  7. (Baseball) - Will the Rays vs. Red Sox Game Be Postponed, Suspended May 9? What Happens to My Bet? (6,505 impressions)
  8. (Online Casinos) - How Winna Is Earning Player Trust Through Technology and Straightforward Design (6,184 impressions)
  9. (UFC) - Sean Strickland Rematch Odds vs Khamzat Chimaev or vs. Strickland vs. Nassourdine Imavov? (5,176 impressions)
  10. (Online Casinos) - The Origins of the So-Called 'Winna Casino Scam' (5,112 impressions)
  11. (UFC) - Underdog Sean Brady Beats Joaquin Buckley Despite Abnormal Betting Patterns (4,334 impressions)
  12. (Soccer) - Josko Gvardiol Transfer Odds: Real Madrid and Bayern Munich Make Contact  (4,466 impressions)
  13. (UFC) - Joshua Van vs Manel Kape Fight Odds (4,244 impressions)
  14. (Live News) - Live Gambling News, Top Trending: Updates 24/7 - Sunday May 10, 2026 (2,548 impressions)
  15. (NBA) - NBA Pistons vs. Cavs Game 3 Player Prop Bets Total Scoring: Cade Cunningham, Donovan Mitchell, James Harden (1,566 impressions)
  16. (Online Casinos) - Free Chip Online Casino Welcome Bonus - $100 - at Bogart Casino (1,050 impressions)

Politics (Louisiana)

Louisiana Senate and House Republicans Have Incumbent Republican Senator Bill Cassidy as Huge 18-1 Long Shot

Monday May 11, 2026 (8:50 pm EDT)

The oddsmakers at BetOnline.ag is the only group offering odds on some of these vital yet not-as-visible local elections, including the Louisiana Senate and House primaries.  Bill Cassidy, who voted to convict President Trump during his second impeachment trial in 2021 following the January 6 attack, is a longshot to retain his seat in the Senate.  And be long shot, we are talking a payout of $1800 for every $100 bet. 


Politics (West Virginia)

Jeff Kessler a Huge Favorite to Win West Virginia Democratic Primary for Senate, Will Still Be Heavy Underdog vs. Shelley Moore Capito

Monday May 11, 2026 (8:50 pm EDT)

The Democratic primary for Senate in West Virginia is among the least competitive races Tuesday. Granted, West Virginia's two House races are just as noncompetitive.   Jeff Kessler is a huge favorite to win the West Virginia Democratic Senate primary Tuesday at -2000.  Brit Aguirre -1500 and Ace Parsi -2000 are also big favorites to win their respective Democratic house races.


Politics (Nebraska)

Nebraska Democratic Primary House of Representatives Odds Have John Cavanaugh the -200 Favorite

Monday May 11, 2026 (8:50 pm EDT)

Nebraska's 2nd Congressional District betting odds are competitive with John Cavanaugh -200 and Denise Powell +150.  Odds imply Cavanaugh has a 67% probability of victory.


UFC

Chimaev Odds for First Opponent at 205 Pounds

Monday May 11, 2026 (8:50 pm EDT)

So, who will be Khamzat Chimaev's next opponent at 205 pounds? One natural opponent would be Carlos Ulberg, but he’s currently injured.  The oddsmakers at BetOnline.ag opened odds for Chimaev’s first opponent at 205 and Jiri Prochazka is the favorite.  Jiri Prochazka came in at 3/1, Magomed Ankalaev at 4/1 and Jan Blachowicz 9/2.  


More News Here

  • Chris Costigan, Gambling911.com Publisher 

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