Betsson posts record Q3 revenue as taxes and margin pressure drag operating profit down 31%
The Swedish operator reported record quarterly revenue and 40% growth in active players, but higher taxes and margin compression pulled EBIT sharply lower, weig
Yogonet · +10 outlets
DraftKings CEO says prediction markets are a win-win growth path, calls company clear No. 3 in the sector
The operator is positioning its prediction market push as a growth engine even as federal regulators and courts scrutinize the sector.
MarketBeat · +14 outlets
US commercial gaming revenue slips 0.6% in August as sports betting falls 15.6%
The AGA figures show a broad pullback in sports betting revenue, a signal for operators heading into the fall calendar.
Yogonet · +1 outlets
Utah sues Kalshi for millions after losing federal court bid to block its event contracts
The state action escalates the legal fight between prediction markets and state regulators over sports and event contracts.
Legalsportsreport · +9 outlets
Blumenthal expands congressional probe, questions sportsbooks and prediction markets on AI and VIP practices
The Senate letter widens Washington scrutiny of how operators use AI and treat high-value VIP customers.
Sbcamericas · +4 outlets
CFTC pauses Novig and ProphetX micro contracts on individual plays
The regulator halted bets on granular in-game events, testing the boundary between event contracts and traditional sports wagering.
Legalsportsreport · +5 outlets
Betting operators and prediction markets spent record sums on campaign donations and lobbying
The spending surge comes as sports betting, iGaming and prediction market rules move through statehouses and federal agencies.
Semafor · +8 outlets
Pennsylvania lawmakers form state's first bipartisan Problem Gambling Caucus
The new legislative group will focus on problem gambling policy as the state's betting and casino revenue climbs.
Sbcamericas · +9 outlets
JPMorgan cuts DraftKings price target but still sees 46% upside
Analyst revisions on the stock have swung sharply as investors weigh prediction market expansion against regulatory risk.
Yahoo Finance · +1 outlets
DraftKings shares down 56% draw scrutiny on whether the stock is cheap
Coverage debates the stock's valuation as Wall Street models results below the company's 2026 guidance and the CEO signals next year's spending could fall.
Yahoo Finance · +3 outlets
DraftKings sportsbook goes live in Alberta as the province's regulated market opens
Alberta's launch drew operator entries and app coverage as commercial sportsbooks began taking bets.
RotoWire · +14 outlets
Class action suit against FanDuel and DraftKings filed in Louisiana
The Louisiana filing adds to the litigation docket facing the two largest US sportsbook operators.
KLFY.com · +12 outlets
Pennsylvania sports betting revenue jumps 50.45% in September
The state's monthly figures show strong year-over-year growth in betting revenue.
Betting News · +2 outlets
CFTC and prediction market leaders address oversight at NEXTPredict industry conference
Regulators and executives discussed the unsettled federal framework governing event contracts.
Legalsportsreport · +2 outlets
Michigan September gross sports betting revenue rises 27% year over year to $56.3M
Michigan is among several states reporting September betting gains, alongside Pennsylvania and New Jersey.
TheLines.com · +2 outlets
Attorney says a Supreme Court loss would not sink prediction markets
Legal analysts argue the sector would survive an adverse high court ruling as various challenges advance.
Covers.com · +10 outlets
Maryland September sports betting handle hits $652M as revenue drops 20%
Handle held up while revenue fell, pointing to tighter hold for operators in the state.
Betting News · +1 outlets
Alberta's unregulated gambling market estimated at 70% of activity
The estimate underscores how much Alberta's newly regulated framework could shift toward licensed operators.
The Sports Bank · +1 outlets