Polymarket sues Ohio, calling state sports betting enforcement discriminatory and unconstitutional
Polymarket seeks a federal injunction against Ohio's effort to protect its licensed online sportsbook market from prediction market competition.
Sbcamericas · +6 outlets
Utah AG sues Kalshi and adds new defendant Susquehanna in prediction market case
Utah Attorney General Derek Brown expanded his suit against Kalshi to include a new defendant, raising questions about which firms the state may target next.
Sbcamericas · +9 outlets
Novig and Crypto.com sue Missouri in federal court over prediction market crackdown
Two prediction market operators filed separate federal suits seeking to block Missouri from enforcing state gambling law against them.
Sbcamericas · +12 outlets
FTC opens probe into the US online sports betting industry
The federal trade regulator has begun examining marketing and business practices in the US online sports betting sector.
Casino.com · +13 outlets
NBA joins NFL in imposing betting restrictions; prediction firms found non-compliant
The NBA's new limits on markets follow the NFL's restrictions, and Morningstar reports prediction market operators are not complying with the rules.
Morningstar · +1 outlets
Analysts cut DraftKings price targets from JPMorgan, Morgan Stanley and Truist ahead of earnings
Multiple Wall Street firms trimmed DKNG targets while still flagging upside, as DraftKings headed into its earnings report.
Legal Sports Report · +6 outlets
FanDuel releases betting data as marketing scrutiny intensifies, says median bet is $5
FanDuel pushed back on a high-roller image by disclosing customer data amid rising political and regulatory attention to sportsbook advertising.
Covers.com · +2 outlets
Atlantic City casino win falls 1.3% to $227.8M in September as rare Nor'easter hits
A September storm suppressed in-person gaming revenue at the New Jersey resort, the second straight monthly data point for the market.
SCCG Management · +1 outlets
NJ September gaming revenue rises 2.8% as online casinos climb 13% to $274.8M
New Jersey's online casino segment drove statewide gaming growth even as land-based Atlantic City win declined.
RG.org · +2 outlets
FanDuel, DraftKings and Fanatics await a Supreme Court ruling on sports betting
Major operators are watching a pending SCOTUS decision that could reshape the US sports betting and prediction market landscape.
Casino.com · +14 outlets
DraftKings shares rally despite revenue miss, boosted by online betting momentum
DKNG stock gained as investors looked past a quarterly revenue miss to growth in online wagering ahead of earnings.
Traders Union · +2 outlets
Prediction markets trail sportsbooks on key growth metric, Stifel finds
An analyst report found prediction platforms lagging licensed sportsbooks on a measure of user growth, despite rapid handle expansion.
Legal Sports Report · +2 outlets
BetMGM shifts US investment toward higher-value markets
The joint venture is reallocating US spending as competition intensifies among online sportsbook operators.
Play USA · +9 outlets
Early September sports betting handle flat as Kalshi tops $4 billion twice
Monthly sportsbook handle came in level while the prediction market Kalshi crossed $4 billion in volume on two occasions.
The Closing Line
Maine iGaming could launch in early 2027, but regulatory hurdles remain
Maine's gambling regulator said Q1 2027 is a potential launch window while noting outstanding issues before wagering can start.
Sbcamericas · +14 outlets
Sportsbooks face prospects of a new wave of tax hikes in 2027
State-level tax increases on sports betting are being discussed as legislatures look for new revenue, with researchers weighing the most efficient models.
Casino.com · +1 outlets
DraftKings sportsbook margins under pressure after a rough start to the NFL season
Unfavorable NFL results have squeezed hold rates at DraftKings during the early weeks of the season.
Bonus.com
DraftKings sportsbook goes live in Alberta
DraftKings launched its Alberta sportsbook as commercial online betting opened in the Canadian province.
RotoWire · +1 outlets