Kalshi loses Sixth Circuit appeal as court backs Ohio and Tennessee enforcement
The appellate ruling that Kalshi's sports event contracts are not federal swaps clears the way for state regulators to enforce their gambling laws against the p
Sbcamericas · +14 outlets
MGM Resorts' $18bn sale to Barry Diller's People Inc. collapses
The deal fell apart the day after Caesars shareholders approved a $17.6bn takeover, reshaping the outlook for large-scale casino consolidation.
Sbcamericas · +4 outlets
New York sues Polymarket, echoing its earlier state case against Kalshi
New York officials moved against Polymarket in state court two months after suing Kalshi, opening a second front in the fight over who regulates sports predicti
Sbcamericas · +14 outlets
Report: about a third of bettors cut sportsbook use as prediction markets exploit regulatory gap
Survey data suggests customers are shifting volume from licensed sportsbooks to prediction markets that operate under a different regulatory framework.
finance.biggo.com · +14 outlets
DraftKings shares hit 52-week low after analyst downgrade
The decline reflects investor concern that prediction market competition and shifting regulation are pressuring the sportsbook's core business.
MarketBeat · +11 outlets
ProPublica: DraftKings gave VIP treatment to a reporter betting like a problem gambler
The account adds to scrutiny of how sportsbooks identify and market to high-risk players amid broader federal gambling reform pressure.
propublica.org · +1 outlets
Michael Burry more than doubles Flutter stake, calls it a 'fat pitch' after selloff
The investor also sold DraftKings ahead of its quarterly report, while remaining skeptical of Nvidia, Oracle and Netflix.
Stocktwits · +1 outlets
Blumenthal and Tonko expand gambling reform push to include prediction markets
The lawmakers are reviving federal consumer protection proposals and explicitly folding prediction markets into the scope of gambling oversight.
Sbcamericas · +10 outlets
DraftKings sportsbook and casino go live in Alberta
The launches mark the opening of Alberta's regulated online betting market to private operators, with DraftKings among the first movers.
RotoWire · +14 outlets
Ontario sports betting revenue falls 30% in August as casino segment surges
The monthly iGaming Ontario data shows a shift in mix between sports wagering and casino products in Canada's largest regulated market.
Casino.com
New York sports betting handle reaches $600M in NFL Week 2
The figure underscores New York's status as the largest US sports wagering market by handle during the opening weeks of the NFL season.
Covers.com
Analysts back DraftKings' prediction market push as the stock recovers
Research notes framed the company's prediction market ambitions as offsetting regulatory risk to its traditional sportsbook operations.
timothysykes.com · +7 outlets
Kalshi holds a 76% lead in prediction markets, adjusted data shows, as Robinhood and Flutter slip
Revised market share figures suggest Kalshi's dominance in event contracts remains substantial despite competitive entries from brokerage and gaming firms.
24/7 Wall St. · +7 outlets
Investors weigh whether DraftKings is fairly valued as prediction markets pressure its sportsbook
Analyst and retail commentary focused on how much of DraftKings' valuation depends on defending share against event-contract platforms.
Yahoo Finance · +8 outlets
Sportsbooks and Prediction Markets Are Feeling Generous This Football Season
Covers.com · +4 outlets
DraftKings Stock Rises As Analysts Back Prediction Market Push
timothysykes.com
One-Third of Bettors Cut Sportsbook Use as Prediction Markets Exploit Regulatory Gap
finance.biggo.com · +1 outlets