Flutter and DraftKings shares hit multi-year lows as Brazil restrictions and weak sentiment weigh
FanDuel parent Flutter and rival DraftKings have seen steep share declines as global troubles, including Brazil's betting restrictions, pressure the sector.
ingame.com · +4 outlets
DraftKings Q2 results miss estimates with $0.14 loss per share, guidance cut
The print followed a run of downgrades and selling pressure, with notable investors rotating out of DraftKings ahead of the report.
siam.in · +4 outlets
Flutter warns Brazil online betting ban will hit results, compounding 2026 challenges before CEO change
Flutter and Entain both flagged financial hits from Brazil's crackdown, deepening concerns for operators with LatAm exposure.
KELO-AM · +3 outlets
Kalshi's embrace of sports betting tests regulatory rules for prediction markets
The CFTC-regulated exchange's expansion into sports contracts is testing the line between prediction markets and licensed sportsbooks.
WSJ · +14 outlets
6th Circuit ruling reshapes prediction market regulation in Ohio and Tennessee
The appellate decision alters how event contracts can be offered in two states, a key legal test for Kalshi and peers.
SportsHandle · +14 outlets
DraftKings CEO defends responsible gaming approach after critical NYT and ProPublica reporting
Jason Robins used an SBC Summit keynote to push back on press scrutiny of the company's safer gambling practices.
Sbcamericas
NCPG executive director resigns amid fallout from Kalshi partnership deal
Heather Maurer stepped down less than a year into the role after controversy over the problem gambling council's ties to the prediction market.
Sbcamericas · +8 outlets
Florida AG targets Google, Meta, Reddit, Snap and TikTok over sweepstakes casino ads
The enforcement action widens the state's sweepstakes casino crackdown from operators to the platforms carrying their advertising.
Sbcamericas · +13 outlets
Michael Burry more than doubles Flutter stake, calls it a 'fat pitch' after selloff
The investor's disclosure also showed he sold DraftKings ahead of its earnings report.
Stocktwits · +3 outlets
Kambi extends Olimpo.bet turnkey sportsbook partnership in Peru with multi-year deal
The renewed agreement reinforces Kambi's position as a leading sportsbook supplier across Latin America.
gamingintelligence.com · +11 outlets
DraftKings stock slides as event contract market spending meets football season while Kalshi leads
Retail traders are backing DraftKings' DKeX product even as Kalshi holds an early lead in event contracts.
Kalkine Media · +4 outlets
New Jersey sports betting revenue falls 25% in August 2026
The decline marks a soft month for one of the largest US sports betting markets.
Betting News · +13 outlets
NFL Week 2 drives New York sports betting to one of its biggest weeks ever
The season's opening weeks continue to set high-water marks for New York handle.
Deadspin · +14 outlets
August US sports betting handle underwhelms as Kalshi posts back-to-back weekend records
Industry roundup notes soft traditional sportsbook volume contrasted with record prediction market activity.
The Closing Line
Florida, state-by-state licensing push: Alberta betting apps now live as DraftKings launches there
Alberta's newly opened regulated market has drawn major operators, with DraftKings debuting its sportsbook in the province.
RotoWire · +5 outlets
Pennsylvania sports betting handle and revenue fall off in August
Monthly state data shows a seasonal pullback in Pennsylvania wagering activity.
PlayPennsylvania · +14 outlets
VIP Play reports FY2026 revenue of $184K and EPS loss of $0.13 in 10-K
The filing also discloses a $29.8M related-party credit balance payable on demand against a much smaller cash balance.
TradingView
SBC Summit opens in Lisbon for third year with Michael Jordan headlining Day 1
Portuguese officials welcomed the 40,000-attendee conference, which opened with a ribbon-cutting and keynote sessions.
Sbcamericas · +1 outlets