DraftKings reported Q2 earnings that fell short of expectations, with the stock slipping after-hours as the CEO highlighted faster-than-expected growth in predi

The city of Baltimore filed a lawsuit against Kalshi and Polymarket, alleging they are operating unlicensed sports betting platforms in violation of state law.

Kalshi sought an emergency order from the CFTC to counter a New York state cease-and-desist, then asked the Second Circuit for relief amid extraordinary coordin

The CFTC issued a warning to prediction markets against displaying odds in the style of traditional sportsbooks, drawing a regulatory line on appearances.

New York's sports betting market set a revenue record in July, with tax receipts jumping $50 million after World Cup results favored the books.

Penn Entertainment reported $1.86 billion in Q2 revenue, driven by record retail performance at its properties.

FanDuel's Predicts product has had a slow start, but Flutter's outgoing CEO says there is limited cannibalization from prediction markets in legal sports bettin

Sportsbooks are escalating promotional spending ahead of the NFL season, with prediction markets also entering the battle for bettors.

Penn Entertainment invested $20 million in Alberta's newly regulated online betting market as part of its Canada-led strategy to reach profitability.

Penn Entertainment is sitting out the aggressive sportsbook promotional spending ahead of the NFL season, focusing on its ESPN Bet strategy.

Entain reported its first-half 2026 earnings, with highlights from the earnings call providing insight into the operator's performance.

Exchange operator MEMX filed to offer event contracts tied to corporate earnings and other economic indicators, expanding into prediction markets.

The chairman of the Indian Gaming Association discussed how federally recognized tribes can respond to the threat prediction markets pose to tribal sovereignty.

Tennessee reported $413 million in sports betting handle for July with a 9.19% hold rate.

North Carolina reported $7.62 billion in total wagers for fiscal 2026, reflecting the state's growing sports betting market.

Gambling industry and prediction market operators have contributed millions of dollars to Florida political campaigns, heavily backing Representative Byron Dona

DraftKings' expansion into prediction markets is seen as a potentially transformative strategic move that could reshape its business beyond traditional sports b

Circa Sports owner Derek Stevens harshly criticized Kalshi and Polymarket, calling them 'pirates and thieves' over their fee structures compared to regulated sp