DraftKings shares hit 52-week low as Brazil ban and prediction market fears weigh
DraftKings stock fell sharply after Brazil moved to ban online betting and investors weighed competition from prediction markets, though analysts still see upsi
TIKR.com · +14 outlets
MGM and Caesars say they will not pursue prediction markets, citing casino license risk
Executives warn that entering prediction markets could jeopardize their larger licensed casino businesses, setting them apart from DraftKings and FanDuel.
Legalsportsreport · +14 outlets
Flutter stock hits record low as Brazil ban compounds global regulatory troubles
The FanDuel parent's shares sank to an all-time low after Brazil banned online betting, adding to mounting regulatory pressure worldwide.
Legalsportsreport · +3 outlets
Michigan regulators reviewing DraftKings AI and VIP program issues raised in NYT, ProPublica reports
The Michigan Gaming Control Board said it is examining the allegations, while DraftKings CEO Jason Robins defended the company's responsible gaming approach at
Legalsportsreport · +8 outlets
Tennessee wins court fight over sports betting on prediction markets
The ruling is the latest state-level legal battle over whether prediction market contracts count as regulated sports wagering.
News Channel 5 Nashville · +14 outlets
Kalshi to end volume rewards program nearly a year early
The exchange's Volume Incentive Program, which paid participants based on volume share, will end per a self-certification filing with the CFTC.
Legalsportsreport · +14 outlets
West Virginia lawmaker calls prediction markets 'moonshine' to sports betting's fine wine at G2E
Delegate Shawn Fluharty argued states, not Washington, should police prediction markets, as the debate dominated the Global Gaming Expo.
Legalsportsreport · +2 outlets
Illinois sports betting revenue reaches $116.5 million in July
The monthly figures put Illinois among the largest US sports wagering markets by revenue.
igaming.org · +3 outlets
New Jersey sports betting revenue falls 25% year over year in August
The decline in the mature New Jersey market contrasts with growth in newer states.
Betting News · +14 outlets
Ohio iGaming bill sponsor sees 2027 opening for legalization
The lawmaker's effort is unlikely to advance this year, but the bill's structure previews how supporters might approach it under a new governor.
Sbcamericas · +3 outlets
DraftKings sportsbook and casino go live in Alberta as province opens regulated market
DraftKings launched sports betting and online casino products in Alberta alongside other newly licensed operators.
RotoWire · +14 outlets
SunBet outlines strategy to close gap with South Africa's market leaders
The South African operator detailed plans to gain share in a market dominated by larger incumbents.
iGaming Business · +1 outlets
Stifel reiterates Buy rating on DraftKings, citing NFL growth
The analyst note points to football season growth and long-term profitability in sports and predictions as catalysts.
Investing.com Australia · +3 outlets
Altenar and IBIA partner to strengthen sports betting integrity across Africa
The supplier and the betting integrity body will cooperate on monitoring and reporting across African markets.
Focus Gaming News · +1 outlets
Worthy.ai launches AI-generated UGC video ad creative for sportsbooks with real-time odds
The tool aims to keep sportsbook video ads aligned with live betting odds, matchups and developing storylines.
Sbcamericas · +2 outlets
SBC Summit Lisbon draws 40,000 attendees as Portugal officials welcome third year
The industry's largest conference opened in Lisbon with Michael Jordan headlining, alongside Portuguese government and city dignitaries.
Sbcamericas · +1 outlets
VIP Play reports FY 2026 revenue of $184K and $29.8M related-party credit balance
The 10-K disclosure highlights a payable-on-demand related-party balance far exceeding the company's cash position.
Stock Titan
Data shows conventional sportsbook uptime metrics can mislead during major events like the US Open
Analysis argues that raw uptime figures obscure uneven performance during peak betting periods.
iGaming Business