Seminole Tribe sues DraftKings and CEO, alleging illegal Florida sports betting and prediction markets
The Tribe's suit targets DraftKings' Pick6 product and prediction markets in Florida, and DraftKings has publicly rejected the claim, escalating the legal fight
TheLines.com · +14 outlets
NFL and 39 states file amicus briefs urging Supreme Court to hear New Jersey's Kalshi case
The briefs back New Jersey's challenge to Kalshi's event contracts, a case that could decide how far prediction markets can encroach on regulated sports betting
Sbcamericas · +12 outlets
CFTC issues interim rule separating sports event contracts from traditional sports wagers
The interim rule responds to appellate rulings that questioned whether event contracts and sportsbook bets are functionally similar, setting the line prediction
Sbcamericas · +11 outlets
Bank of America upgrades DraftKings after a 19% monthly share drop
The upgrade follows a sharp pullback in DraftKings shares, with analysts citing the company's prediction market expansion as a potential catalyst.
PlayNY · +11 outlets
DraftKings launches DKeX prediction market push that PlayNY estimates could add $800M
DraftKings is leaning into event contracts as a new revenue line while its core book leads FanDuel early in the NFL season, according to New York betting data.
PlayNY · +1 outlets
FanDuel reinstates 50-cent transaction fee on qualifying Illinois bets to cover per-wager tax
The move shows operators passing state per-wager taxes directly to customers, a practice Illinois regulators have scrutinized.
Yogonet · +4 outlets
DraftKings tops FanDuel early in NFL season as New York sports betting handle shifts
Early-season New York data shows DraftKings ahead of FanDuel in the NFL window, while analysts push back on claims that legal betting is cannibalizing other sta
PlayNY · +14 outlets
Adam Silver says the NBA wants prediction market data to help spot manipulation
The commissioner's comments signal leagues are seeking visibility into event contract trading as their integrity concerns with prediction markets grow.
RG.org · +3 outlets
New York betting debate widens over young adults, advertising, and prediction markets
New York lawmakers and regulators are weighing tighter ad rules and youth protections alongside questions over whether prediction markets are legal in the state
PlayNY · +7 outlets
Experts say prediction markets need sportsbook-style user safeguards
As event contracts proliferate, compliance specialists argue the platforms should adopt responsible gambling and consumer protection standards common to license
sigma.world · +6 outlets
Guggenheim cuts DraftKings price target but still sees 51% upside
Analysts remain divided on DraftKings valuation after the stock's decline, with Barclays reaffirming its buy rating and Guggenheim trimming its target while kee
TIKR.com · +4 outlets
Citi upgrade prompts reassessment of Flutter Entertainment stock narrative
Investors are weighing whether the Citi action changes the investment case for Flutter, FanDuel's parent, ahead of earnings.
Simply Wall Street · +1 outlets
DraftKings becomes live in Alberta as province opens regulated sports betting market
Alberta's newly launched online betting market has drawn major US operators, expanding the competitive map for legal sportsbooks in Canada.
RotoWire · +14 outlets
Kalshi teams with tribes as FanDuel continues its pullback from CME event contracts
The weekly prediction markets roundup tracks tribal partnerships and FanDuel's retreat from CME-listed contracts, two signals of how the sector is reshaping aro
Sbcamericas · +1 outlets
FanDuel debuts Lil Wayne NFL-season advertising campaign
The ad push comes as FanDuel navigates state scrutiny over marketing spend and per-wager taxes in markets such as Illinois.
Casino.org · +2 outlets
Pateplay expands into US iGaming, targeting Pennsylvania online casino market
The supplier is betting that fresh content can win share in an established US online casino market dominated by larger rivals.
Sbcamericas · +2 outlets
Bally's Corporation in focus as investors track the regional casino operator
Bally's remains a notable name in the US regional casino and online betting space as investors weigh its stock performance.
Yahoo! Finance Canada · +1 outlets
MLB's 154-game proposal benefits the Mariners, but a salary cap fight looms
The schedule change proposal carries implications for regional sports economics as league labor talks approach.
Sports Illustrated · +1 outlets