BetMGM posts Q3 revenue of $710M as adjusted EBITDA more than doubles to $86M
The MGM Resorts and Entain joint venture credited a shift toward higher-value bettors for the profit jump while reaffirming its full-year 2026 outlook.
Gaming America · +12 outlets
FTC opens review of online sports betting advertising over deceptive marketing concerns
The FTC review reportedly focuses on sportsbook leaders DraftKings and FanDuel, with prediction market platforms likely excluded from the scope.
Legalsportsreport · +14 outlets
CFTC moves to define sports event contracts as swaps, not sportsbook bets
The federal derivatives regulator's classification would place prediction markets under CFTC oversight rather than state sports betting rules, echoing the long-
PlayNY · +14 outlets
BetMGM pulls back from states without iGaming, leans into online casino as prediction markets bite
CEO Adam Greenblatt said the operator is reassessing its footprint and targeting higher-value players as prediction market competition pressures sportsbook econ
Sbcamericas · +10 outlets
Seminole Tribe sues DraftKings over alleged illegal sports betting in Florida
The tribe that holds Florida's exclusive gaming compact claims the operator ran unlawful sports betting in the state.
wtwcfox · +14 outlets
Kalshi faces conflicting claims over Oklahoma tribal partnership
A faction of the Oklahoma tribe Kalshi calls a partner disputes the relationship amid a broader fight over tribal gaming rights and federally regulated event co
Legalsportsreport · +6 outlets
NBA and WNBA launch responsible gaming campaign with NCPG covering betting and prediction markets
The campaign debuts the week before the 2026-27 NBA season and warns fans about risks in both regulated sports betting and prediction market products.
Sbcamericas · +14 outlets
New York regulators advance AI and problem gambling rules for sportsbooks
Massachusetts regulators separately asked every licensed operator whether AI tools target losing bettors, as states intensify scrutiny of algorithmic marketing.
PlayNY · +14 outlets
BetMGM CEO expects Supreme Court to rule against prediction markets
Greenblatt's forecast comes as the industry awaits judicial clarity on whether event contracts fall under state gaming or federal derivatives law.
PlayNY · +14 outlets
Nebraska online sports betting campaign raises $14.65m ahead of Nov. 3 vote
Supporters are pitching legalization as relief for high property taxes in the final three weeks before the election.
Sbcamericas · +2 outlets
Pennsylvania bill would ban sweepstakes casinos, but session clock is short
Republican Rep. Russ Diamond filed House Bill 2801 last month; Pennsylvania is the country's largest online casino market.
Sbcamericas · +14 outlets
New York sports betting handle hits $619M, FanDuel tops DraftKings
It is New York's second $600 million-plus handle in four weeks, per monthly revenue reports.
Deadspin · +2 outlets
Poll finds most Americans oppose betting on elections through prediction markets
The Reuters/Ipsos poll was conducted Sept. 30 through Oct. 5, weeks before the midterms.
Legalsportsreport · +14 outlets
Fanatics CEO says he wants the No. 1 spot in sports betting
The target signals Fanatics' ambition to challenge DraftKings and FanDuel in a crowded market.
Covers.com · +14 outlets
New York Polymarket dispute tests sportsbook tax revenue
The dispute raises questions about how prediction market activity affects state gaming tax collections.
PlayNY · +12 outlets
DraftKings shares hit new 12-month low as stock slides versus the market
Analysts weighed whether the drop leaves the stock undervalued amid investor concerns about growth and prediction market competition.
MarketBeat · +10 outlets
DraftKings Sportsbook goes live in Alberta
The launch marks the opening of Alberta's regulated online sports betting market.
RotoWire · +1 outlets
Kentucky sports betting handle reaches $206.3 million in August
The monthly figure adds to a run of state wagering reports released for the August period.
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