{"id":4395,"date":"2026-03-16T14:24:20","date_gmt":"2026-03-16T14:24:20","guid":{"rendered":"https:\/\/blockchaincasinohub.com\/news\/march-madness-virginia-bills-and-kalshi-legal-battles-lead-this-weeks-gambling-stories-to-watch\/"},"modified":"2026-03-16T14:24:20","modified_gmt":"2026-03-16T14:24:20","slug":"march-madness-virginia-bills-and-kalshi-legal-battles-lead-this-weeks-gambling-stories-to-watch","status":"publish","type":"post","link":"https:\/\/blockchaincasinohub.com\/news\/march-madness-virginia-bills-and-kalshi-legal-battles-lead-this-weeks-gambling-stories-to-watch\/","title":{"rendered":"March Madness, Virginia Bills and Kalshi Legal Battles Lead This Week\u2019s Gambling Stories to Watch"},"content":{"rendered":"<p><!--NACM_LINK_HIGHLIGHT_HOVER_CSS--><\/p>\n<style>\n\/* ===============================\n   NACM HIGHLIGHT ITEM HOVER\n   =============================== *\/\n.nacm-highlight-item{\n  transition: box-shadow .25s ease, transform .25s ease;\n}\n.nacm-highlight-item:hover{\n  box-shadow:0 14px 34px rgba(0,0,0,0.22) !important;\n  transform: translateY(-1px);\n}\n<\/style>\n<p><!--NACM_LINK_DEFAULT_HOVER_CSS--><\/p>\n<style>\n\/* ===============================\n   NACM DEFAULT LINK BOX HOVER\n   =============================== *\/<\/p>\n<p>\/* \u2705 \uae30\ubcf8\ud615 \ubc15\uc2a4 hover: \uadf8\ub9bc\uc790 \uac15\ud654 (inline box-shadow\ub3c4 \ub36e\uc5b4\uc500) *\/\n.nacm-link-wrapper .nacm-link-box{\n  transition: box-shadow .25s ease, transform .25s ease;\n}\n.nacm-link-wrapper .nacm-link-box:hover{\n  box-shadow:0 14px 32px rgba(0,0,0,0.18) !important;\n}<\/p>\n<p>\/* \u2705 \uae30\ubcf8\ud615 \ub9c1\ud06c hover: \uc0c9\uc0c1 \ubcc0\uacbd (WP \uc804\uc5ed a:hover \ub36e\uc5b4\uc500) *\/\n.nacm-link-wrapper a.nacm-link{\n  transition: color .2s ease;\n}\n.nacm-link-wrapper a.nacm-link:hover{\n  color:#1e88ff !important;\n  text-decoration:none !important;\n}\n<\/style>\n<p><!--NACM_STRONG_CSS--><\/p>\n<style>\n.nacm-strong{\n  font-weight: normal;\n  text-decoration: underline;\n  text-decoration-color: #e53935;\n  text-decoration-thickness: 2.5px;\n  text-underline-offset: 3px;\n}\n<\/style>\n<p><strong class=\"nacm-strong\">Virginia<\/strong> is on the verge of a significant shift in its sports <strong class=\"nacm-strong\">betting<\/strong> landscape with Senate Bill 124, which aims to legalize wagering on in-state college sports teams. Currently, Virginia prohibits betting on games involving its public and private colleges, but this bill would remove that restriction, allowing sportsbooks to offer odds on teams like the University of Virginia and Virginia Tech. The bill\u2019s sponsor, Senator Schuyler VanValkenburg, acknowledges concerns about potential pressure on athletes but argues that such risks already exist under the current system.<\/p>\n<div class=\"nacm-desktop-only\">\n<div class=\"nacm-link-wrapper\" style=\"width:90%;margin:28px auto;\">\n<div class=\"nacm-link-box-title\" style=\"font-size:0.9em;font-weight:800;margin:0 0 12px 4px;letter-spacing:0.3px;\">You May Also Like<\/div>\n<style>\n\/* \u2705 \uce74\ub4dc \uac1c\ubcc4 hover *\/\n.nacm-card-item{\n  transition: box-shadow .25s ease;\n}\n.nacm-card-item:hover{\n  box-shadow:0 14px 30px rgba(0,0,0,.18);\n}<\/p>\n<p>\/* \uc774\ubbf8\uc9c0 \ud655\ub300 *\/\n.nacm-card-item .nacm-card-img{\n  overflow:hidden;\n}\n.nacm-card-item .nacm-card-img img{\n  transition:transform .35s ease;\n}\n.nacm-card-item:hover .nacm-card-img img{\n  transform:scale(1.06);\n}<\/p>\n<p>\/* \ud0c0\uc774\ud2c0 \uc0c9\uc0c1 *\/\n.nacm-card-item .nacm-card-title a{\n  transition:color .25s ease;\n}\n.nacm-card-item:hover .nacm-card-title a{\n  color:#1e88ff !important;\n}\n<\/style>\n<div class=\"nacm-link-box nacm-link-box--card\" style=\"border:1px solid #e5e7eb;border-radius:16px;padding:18px;background:#fff;\">\n<div class=\"nacm-card-item\" style=\"display:flex;gap:18px;align-items:stretch;border-radius:14px;overflow:hidden;border:1px solid #eef0f3;\">\n<div class=\"nacm-card-img\" style=\"flex:0 0 40%;max-width:40%;\"><img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/a-building-with-a-clock-on-the-front-of-it.webp\" alt=\"Bally\u2019s Marquette Opening Marks More Than a Rebrand as Iowa Riverboat Casino Moves Ashore\" style=\"width:100%;height:100%;object-fit:cover;display:block;\" \/><\/div>\n<div style=\"padding:14px 16px;flex:1;min-width:0;\">\n<div class=\"nacm-card-title\" style=\"font-size:1.08em;font-weight:800;line-height:1.25;\"><a href=\"https:\/\/blockchaincasinohub.com\/news\/ballys-marquette-opening-marks-more-than-a-rebrand-as-iowa-riverboat-casino-moves-ashore\/\" target=\"_self\" style=\"text-decoration:none;\">Bally\u2019s Marquette Opening Marks More Than a Rebrand as Iowa Riverboat Casino Moves Ashore<\/a><\/div>\n<div style=\"margin-top:6px;font-size:0.9em;line-height:1.45;color:#6b7280;display:-webkit-box;-webkit-line-clamp:2;-webkit-box-orient:vertical;overflow:hidden;\">Bally\u2019s Marquette is scheduled to open on March 13, 2026, but the key point is not just the new name. The $26.2 million shift from a riverboat to a 31,280-square-foot land-based casino changes access, floor layout, dining use, and day-to-day operations in ways that matter to players, visitors, and anyone watching how Iowa casino properties [&hellip;]<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<style>\n@media (max-width:768px){\n  .nacm-desktop-only{display:none!important;}\n  .nacm-mobile-only{display:block!important;}\n}\n@media (min-width:769px){\n  .nacm-mobile-only{display:none!important;}\n}\n<\/style>\n<div class=\"nacm-mobile-only\" style=\"width:92%;margin:16px auto;\">\n<p><a href=\"https:\/\/blockchaincasinohub.com\/news\/ballys-marquette-opening-marks-more-than-a-rebrand-as-iowa-riverboat-casino-moves-ashore\/\" target=\"_self\" style=\"text-decoration:none;\"><\/p>\n<div style=\"\n    display:flex;\n    gap:10px;\n    align-items:center;\n    padding:10px;\n    border:1px solid #e0e0e0;\n    border-radius:6px;\n    margin-bottom:10px;\n    background:#fff;\n  \"><br \/>\n    <img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/a-building-with-a-clock-on-the-front-of-it.webp\" alt=\"Bally\u2019s Marquette Opening Marks More Than a Rebrand as Iowa Riverboat Casino Moves Ashore\" style=\"\n      width:64px;\n      height:64px;\n      object-fit:cover;\n      border-radius:4px;\n      flex-shrink:0;\n    \"><\/p>\n<div style=\"\n      font-size:14px;\n      font-weight:600;\n      line-height:1.4;\n      color:#111;\n      display:-webkit-box;\n      -webkit-line-clamp:2;\n      -webkit-box-orient:vertical;\n      overflow:hidden;\n    \">Bally\u2019s Marquette Opening Marks More Than a Rebrand as Iowa Riverboat Casino Moves Ashore<\/div>\n<\/p><\/div>\n<p><\/a>\n<\/div>\n<h2>Main Analysis<\/h2>\n<p>This legislative move comes as March Madness approaches, intensifying interest in college basketball betting. Passing the bill before the legislative session ends on March 9 would enable Virginia bettors to legally wager on local college teams during the tournament, rather than relying on offshore or out-of-state operators. However, the bill faces skepticism from some lawmakers worried about safeguarding player integrity and preventing undue influence. March Madness remains the most heavily bet-on sporting event in the U.S., with projected wagers reaching $4 billion this year. Despite the massive betting volume, sportsbooks typically experience lower hold rates during the tournament because bettors are less familiar with individual players, reducing the popularity of prop bets. This dynamic affects operator margins and highlights the need for bettors to understand the nuances of wagering during such events. Taxation changes introduced in 2026 also impact bettors significantly. The new &#8220;Big Beautiful Bill&#8221; raises the federal reporting threshold for gambling winnings to $2,000 and limits deductible losses to 90% of total losses, down from 100%. This means that even breaking even on bets can result in taxable income. Bettors in states like New Jersey, which have not adopted the federal cap, should verify state-specific rules to avoid unexpected tax liabilities. The rapid expansion of legal sports betting since the 2018 Supreme Court decision has raised concerns about insufficient safeguards, especially for vulnerable populations such as young men. Experts like Jonathan Cohen warn that the quick rollout of online betting platforms may have outpaced the implementation of protective measures like deposit limits and bet frequency caps. These tools could reduce problem gambling without undermining the industry\u2019s viability. Meanwhile, regulatory efforts are underway in various states to address integrity and safety issues. For example, NCAA initiatives during March Madness include player availability reporting to reduce harassment and pressure on athletes. Additionally, technology platforms like Integrity Compliance 360 monitor officials for prohibited betting activity, reflecting a broader commitment to maintaining fair play. Virginia\u2019s move to allow in-state college betting must be viewed alongside these national trends and regulatory challenges. Bettors should approach new opportunities cautiously, verifying operator licensing, understanding wagering conditions, and keeping meticulous records for tax and personal risk management. The evolving legal and tax environment underscores the importance of informed decision-making in the expanding sports betting market.<\/p>\n<div class=\"nacm-image-wrapper\" style=\"width:90%;margin:28px auto;border-radius:18px;overflow:hidden;box-shadow:0 16px 36px rgba(0,0,0,0.22);\"><img decoding=\"async\" src=\"https:\/\/blockchaincasinohub.com\/news\/wp-content\/uploads\/2026\/03\/an-overhead-view-of-a-basketball-court.webp\" alt=\"An overhead view of a basketball court.\" loading=\"lazy\" style=\"width:100%;height:auto;display:block;\" \/><\/div>\n<div class=\"nacm-link-wrapper\" style=\"width:90%;margin:28px auto;\">\n<div class=\"nacm-link-box-title\" style=\"font-size:0.9em;font-weight:800;margin:0 0 12px 4px;letter-spacing:0.3px;\">Additional Resources<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/www.gamblinginsider.com\/news\/117714\/march-madness-virginia-bills-kalshi-gambling-stories-watch\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">March Madness Betting, Virginia Bills and Kalshi Legal Battles: Gambling Stories to Watch This Week<\/a><\/div>\n<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/www.npr.org\/2025\/03\/14\/nx-s1-5327109\/legalized-sports-betting-addiction-march-madness\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">With sports gambling on the rise, an author urges caution : NPR<\/a><\/div>\n<\/div>\n<div class=\"nacm-highlight-item\" style=\"display:flex;background:#ffffff;border-radius:12px;overflow:hidden;margin:10px 0;box-shadow:0 6px 18px rgba(0,0,0,0.15);transition:box-shadow .25s ease, transform .25s ease;\">\n<div style=\"flex:0 0 6px;background:#00d9ff;border-top-left-radius:12px;border-bottom-left-radius:12px;\"><\/div>\n<div style=\"padding:14px 16px;display:flex;align-items:center;line-height:1.45;min-height:56px;background:#ffffff;\"><a class=\"nacm-link\" href=\"https:\/\/deadspin.com\/legal-betting\/\" target=\"_blank\" rel=\"noopener\" style=\"font-size:0.82em;font-weight:600;color:#1a1a1a;line-height:1.45;text-decoration:none;\">Legal Sports Betting &#038; Online Casino News for March 2026<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Virginia is on the verge of a significant shift in its sports betting landscape with Senate Bill 124, which aims to legalize wagering on in-state college sports teams. Currently, Virginia prohibits betting on games involving its public and private colleges, but this bill would remove that restriction, allowing sportsbooks to offer odds on teams like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4393,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1435,1290,1289,1439,1106,1437,1438,1436,1440,1434],"class_list":["post-4395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-college-sports-wagering","tag-gambling-tax-changes","tag-march-madness-betting","tag-ncaa-betting-regulations","tag-online-sports-betting","tag-player-integrity","tag-problem-gambling-safeguards","tag-sports-betting-legislation","tag-sportsbook-licensing","tag-virginia-sports-betting"],"_links":{"self":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts\/4395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/comments?post=4395"}],"version-history":[{"count":0,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/posts\/4395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/media\/4393"}],"wp:attachment":[{"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/media?parent=4395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/categories?post=4395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchaincasinohub.com\/news\/wp-json\/wp\/v2\/tags?post=4395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}