Seminole Tribe sues DraftKings and CEO Jason Robins over alleged illegal Florida sportsbook
The Tribe claims DraftKings' prediction markets and fantasy offerings violate its exclusive rights to Florida sports betting, adding a major tribal challenge to
Legalsportsreport · +14 outlets
NFL files amicus brief urging Supreme Court to take up New Jersey's Kalshi case
The league argues sports event contracts are not swaps, backing New Jersey's push to bring its fight with Kalshi before the Supreme Court as regulators also wei
Legalsportsreport · +6 outlets
Prediction markets pull back sports contracts in three more states
Coinbase agreed to stop offering new sports event contracts in Michigan and PrizePicks withdrew in Missouri as state regulators escalate pressure on prediction
Legalsportsreport · +14 outlets
DraftKings shares rise after Bank of America upgrades stock to Buy
Bank of America and Guggenheim see upside in DraftKings after a sharp multi-month selloff, with analysts debating the prediction-markets pivot.
Casino.com · +15 outlets
DraftKings moves ahead of FanDuel after first month of NFL betting
Early-season data shows DraftKings gaining share on Flutter's FanDuel as NFL handle builds and sportsbook results swing.
Deadspin · +14 outlets
FanDuel reinstates 50-cent per-bet fee in Illinois
Flutter's U.S. brand is bringing back wagering fees in Illinois, one of several states imposing taxes and fees on operators amid tightening budgets.
Deadspin · +9 outlets
NFL betting handle builds as sportsbook results swing in season's first month
Four weeks into the season, operators see rising handle, volatile hold and surging prediction-market activity.
Legalsportsreport · +3 outlets
Lawmakers demand copies of every FanDuel VIP celebrity video
Sen. Blumenthal and Reps. Tonko and Foushee sent a third letter to FanDuel demanding personalized celebrity VIP materials, and a senator says the inquiry will e
Legalsportsreport · +14 outlets
Macquarie cuts sports betting stock price targets ahead of Q3 earnings
Analyst Chad Beynon trimmed targets on sports betting names while expecting cautiously optimistic operator commentary in the third-quarter preview.
Legalsportsreport · +4 outlets
Flutter shares down 20% since May despite strong results
Flutter's FanDuel unit posted strong results and an analyst upgrade, but the stock has lagged amid broader sports betting sentiment.
Pluang · +9 outlets
Penn Entertainment stock jumps as analyst upgrade shifts focus from online betting
An analyst upgrade put emphasis on Penn's regional casino business after years of struggles in online sports betting.
Legalsportsreport · +3 outlets
Underdog CEO tells IG Group investors what $1.3B buys in prediction markets
Jeremy Levine pitched the London-listed IG Group's acquisition of Underdog as a sports company built for the event-contract era.
Sbcamericas · +4 outlets
Brazil court lets Stake keep operating until October 25 under restrictions
A Sao Paulo federal court granted a partial injunction allowing Stake Brazil to continue fixed-odds betting while upholding a provisional measure's effects.
Sbcamericas
IAGR and NAGRA urge Supreme Court to hear New Jersey's Kalshi case
International and North American gaming regulator associations filed a joint amicus brief backing New Jersey's challenge to Kalshi.
Sbcamericas · +4 outlets
Maine releases revised online casino rules
Regulators clarified that live dealer backend systems may sit outside the state and dropped director approval for routine changes.
Legalsportsreport · +13 outlets
BetMGM and Fanatics drive Kentucky sports betting growth
Kentucky's sports betting market expanded on the back of BetMGM and Fanatics gains.
Legal Sports Betting
Online gambling backlash mounts in the nation's biggest market
Governing reports growing political resistance to online gambling in the U.S.'s largest market.
Governing · +1 outlets
Nebraska online betting campaign raises $14.65M
A campaign supporting Nebraska online betting amassed $14.65M in fundraising, signaling a costly ballot fight.
ReadWrite · +1 outlets