DraftKings hit with downgrades, price-target cuts as analysts flag rising marketing and prediction market spend
Jefferies cut its 2026 earnings forecast and Citigroup lowered its target to $28 as analysts warn that heavier marketing and prediction market spending are pres
ad-hoc-news.de · +8 outlets
FTC opens inquiry into online sportsbooks over alleged deceptive marketing practices
The FTC review targets sportsbook advertising practices while prediction markets Kalshi and Polymarket appear likely to be left out of the probe.
Casino.org · +13 outlets
Massachusetts and New York regulators press sportsbooks on AI use after DraftKings targeting reports
State regulators are asking licensed operators detailed questions about whether artificial intelligence is being used to target losing bettors and how problem g
Sbcamericas · +14 outlets
BetMGM posts $710M Q3 revenue as adjusted EBITDA doubles to $86M, reaffirms 2026 guidance
The joint venture's Q3 results showed sharp EBITDA growth, and management reiterated its full-year 2026 outlook.
Yogonet · +2 outlets
Underdog sues Tennessee after state threatens its fantasy sports license over event contracts
The suit challenges a state order to stop offering sports event contracts, a crackdown that threatens both Underdog's prediction markets business and its fantas
Sbcamericas · +9 outlets
BetMGM shifts focus toward iGaming and higher-value US markets as competition intensifies
BetMGM is reallocating emphasis toward online casino states and higher-value jurisdictions as the US sports betting market grows more crowded.
World Casino News · +6 outlets
BetMGM CEO says he expects the Supreme Court to rule against prediction markets
The comments add a major operator's voice to the escalating legal fight over whether event contracts should be regulated as gambling.
PlayNY · +14 outlets
Nevada regulator says CFTC prediction market move mirrors the sports betting debate
The clash between federal commodities regulators and state gaming authorities over event contracts echoes longstanding jurisdictional fights over sports betting
PlayNY · +9 outlets
Kalshi says it is an exchange, not a sportsbook, amid growing legal battles
The platform is positioning itself as a regulated financial exchange as states and tribes challenge its sports event contracts.
Bonus.com · +14 outlets
New York mobile sports betting handle rebounds past $2.26bn in September
The monthly rebound underscores New York's position as the largest US mobile sports betting market by handle.
Gambling.com
NBA and WNBA launch responsible gaming campaign with NCPG covering betting and prediction markets
The campaign, announced the week before the 2026-27 NBA season, warns fans about risks in both state-regulated sports betting and prediction markets.
Sbcamericas · +14 outlets
Fanatics CEO says he wants the No. 1 spot in sports betting
Fanatics is consolidating its football betting product into a single app as it pursues leadership in a crowded US market.
Covers.com · +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 event contracts.
Legalsportsreport · +7 outlets
Nebraska online sports betting campaign raises $14.65m ahead of Nov. 3 vote
The legalization campaign's fate may hinge on whether voters connect online sports betting to property tax relief.
Sbcamericas · +3 outlets
DraftKings Sportsbook goes live in Alberta as provincial regulated market opens
DraftKings' Alberta launch marks the rollout of a new regulated Canadian online betting market.
RotoWire · +14 outlets
Pennsylvania bill to ban sweepstakes casinos would need fast-tracking as session nears end
The proposal would make the country's largest online casino market the latest state to ban sweepstakes-style operators, but time in the legislative session is s
Sbcamericas · +3 outlets
Sportradar says it does not need to pick a winner in the prediction markets boom
The data and odds supplier argues its position across sports betting and event contracts lets it benefit regardless of which format prevails.
Benzinga
Maryland sports betting revenue reached $132 million as new fiscal year starts slower
The state's latest figures show a strong prior-year haul but a softer start to the new fiscal period.
Howl.link · +1 outlets