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Kalshi and Polymarket, the two biggest prediction market platforms, rushed to institute new industry guardrails and add new surveillance tools on Monday after two key senators announced legislation that could severely curtail the industry’s prospects.
Wisconsin lawmakers are taking a shot at expanding sports betting in the state.
Sports betting will continue uninterrupted in Chicago in 2026, after a coalition of sportsbooks dropped their effort to immediately block new taxes and licensing requirements in the city.
The country's top sportsbooks have filed a lawsuit against the city of Chicago, challenging a new local sports betting tax set to go into effect in the new year.
An NBA Hall of Famer, a current star and former player are among dozens arrested in an FBI crackdown on illegal gambling that includes alleged members of organized crime families.
The Miami Heat guard was arrested in Orlando in a federal sports betting case that prosecutors say involved using confidential NBA information to place illegal wagers.
Among those taken into custody in the betting investigation today are Portland Trail Blazers coach Chauncey Billups, Terry Rozier of the Miami Heat and former NBA player Damon Jones.
A tipped minimum wage increase in Chicago, and higher state taxes on vaping and tobacco products also go into effect July 1. Political Reporter Chris Tye reports.
In March, Mark Aiello bet big on basketball, and thought he won $389,000 by correctly guessing rebounds and assists by certain Chicago Bulls players.
A Chicago area man is down in the dumps, after learning the money he hoped to use for his daughter's college tuition is not going to materialize. Military veteran Mark Aiello, of northwest suburban Roselle, thought he hit some big bets during March Madness, but the gambling app he used won't pay out, and state regulators have sided with the sports betting company.
Thomas McPeek placed stacks and stacks of bets last year — complicated wagers on football called parlays, where several events all have to happen for the gambler to win.
Thomas McPeek placed stacks and stacks of bets last year — complicated wagers on football called parlays, where several events all have to happen for the gambler to win. But the casinos with which he placed the best refused to pay them out.
Mark Aiello's winning bets banked $389,000 — enough for his daughter's future college education. But a moment was about all it lasted, as all his bets were suddenly canceled as if he'd never made them.
Mark Aiello's winning bets banked $389,000 — enough for his daughter's future college education. But a moment was about all it lasted, as all his bets were suddenly canceled as if he'd never made them. Lauren Victory reports.
Right now, Illinois sports books pay 15% tax on their revenue. But Gov. JB Pritzker's latest budget proposal would spike the tax to 35%.
On one side, Gov. JB Pritzker is trying to more than double taxes on winning bets. On the other, the betting companies are now asking their customers to get involved to stop it. CBS 2's Charlie De Mar reports.
The American Gaming Association estimates $2.72 billion will be wagered during March Madness. That's nearly twice the amount of this year's Super Bowl.
The American Gaming Association estimates $2.72 billion will be wagered during March Madness. That's nearly twice the amount of this year's Super Bowl.
A new Northwestern University study is challenging what some gardeners might think they know about pollinator-friendly landscaping.
A fire broke out early Monday in a commercial building in Chicago's Greater Grand Crossing community.
Prosecutors said the victim of a deadly shooting in Chicago's Humboldt Park neighborhood back in January was the new boyfriend of the alleged shooter's ex-girlfriend.
A man was hurt in Chicago's Lakeview community after a car involve in a crash veered into a CTA bus shelter where the victim was standing on Sunday night.
A woman was hit and killed by a sport-utility vehicle on Chicago's Near West Side Sunday night.
Swalwell faced pressure from his own party to drop out of the race after a former staffer accused him of sexually assaulting her when she was too drunk to consent.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Starting in December, eligible men in the U.S. will be automatically registered for the military draft.
An attorney for ex-Illinois House Speaker Michael Madigan argued to the 7th Circuit Court of Appeals on Thursday that the former Democratic power broker's conviction on bribery and other corruption charges should be overturned.
A passenger on an American Airlines flight from New York to Chicago has been charged with making a false bomb threat that forced an emergency landing at Detroit Metro Airport last month, according to a federal criminal complaint.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
A new restaurant has joined the busy stretch of Halsted Street toward the south end of Chicago's Lincoln Park neighborhood that is also home to Alinea and Boka.
The federal government is suing Illinois, Connecticut and Arizona over efforts to regulate prediction market operators such as Kalshi and Polymarket.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
The United States has long struggled with understanding and finding ways to help treat mental illness. A new documentary, which is screening Saturday in Chicago, examines the reality of living with mental illness in America.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
Mozart's "Don Giovanni," the local premiere of the 2022 opera "Omar," and a fresh production of "Guys and Dolls" are among the highlights of the 2026-2027 season for Chicago's Lyric Opera.
Federal magistrate Renee Harris Toliver told Pooh Sheisty that the evidence against him is strong.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
A new Northwestern University study is challenging what some gardeners might think they know about pollinator-friendly landscaping.
A fire broke out early Monday in a commercial building in Chicago’s Greater Grand Crossing community.
Do you ever get in the car, put on a favorite song, and belt it out before or after a long day? Sharon Zima, a wellbeing support advisor with Endeavor Health, joins Marie Saavedra to explain the emotional benefits of singing and humming.
Meteorologist Mary Kay Kleist has your 5 a.m. First Alert Weather forecast for Monday, April 13, 2026.
A 10-year-old girl is dead, and an 18-year-old man was left in critical condition, after a fire in a house on South Green Street early Monday morning. Lauren Victory reports.
A 10-year-old boy is dead, and an 18-year-old man was left in critical condition, after a fire in Chicago's Washington Heights neighborhood early Monday morning.
A woman was hit and killed by a sport-utility vehicle on Chicago's Near West Side Sunday night.
A man was hurt in Chicago's Lakeview community after a car involve in a crash veered into a CTA bus shelter where the victim was standing on Sunday night.
In the months since his election, Pope Leo has spoken up against both the war in Iran and the mass deportation of migrants in the U.S. His statements have inspired American cardinals to speak out.
The Chicago Department of Transportation said southbound State Street will be closed between Wacker Drive and Randolph Street beginning Monday, April 13.
New proposed Illinois legislation would allow renters or people who can't install massive rooftop panels to also harness the power of the sun.
When a rusty light pole snapped and fell on a woman's car in Bucktown, causing thousands of dollars in damage, she thought the city would pay for it. She was wrong.
Financial exploitation is the leading type of elder abuse in Illinois. One Streamwood woman learned that personally, when her brother took hundreds of thousands of dollars from their parents' financial accounts.
One year after a teenage girl was shot outside her home in Country Club Hills, Illinois, and was told she would never walk again, she continued to defy the odds and reclaim her independence.
A Morgan Park family is still in shock after a staggering 300% spike in their latest property tax bill, and the man poised to take over as Cook County Assessor at the end of the year says it's an error he wants to make sure doesn't happen again.
The Wildcats are led by another record-setting superstar, hoping to lead them back to the top.
Ryan Nembhard broke Dallas coach Jason Kidd's club rookie record with 23 assists after No. 1 pick Cooper Flagg's debut season ended with an ankle injury, and the Mavericks beat the Chicago Bulls 149-128 in a season finale.
Chicago equaled a club record by using nine pitchers in a nine-inning game.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Chicago had been 0 for 7 with runners in scoring position before Busch's single after going 1 of 23 in the previous two losses to Pittsburgh.
Prosecutors said the victim of a deadly shooting in Chicago's Humboldt Park neighborhood back in January was the new boyfriend of the alleged shooter's ex-girlfriend.
A man was killed this weekend in a shooting in the south Chicago suburb of Oak Forest.
Chicago police on Sunday were investigating a shooting in the Back of the Yards neighborhood involving a teen riding a scooter.
The man charged with damaging the vehicles of several Chicago firefighters at multiple locations on Chicago's South Side appeared at a bond hearing on Sunday, where he was ordered held.
Chicago police early Sunday were investigating a shooting that left a woman dead in the Auburn Gresham neighborhood.
