Caesars posts $123M Q3 net loss as Las Vegas weakness offsets digital gains
Caesars' Q3 2026 results, its first without earnings calls during the Fertitta acquisition process, showed a doubling net loss and Digital EBITDA up 57 percent
Sbcamericas · +4 outlets
NBA signs partnership deals with Kalshi and Polymarket, citing safeguards
The NBA is partnering with prediction market operators Kalshi and Polymarket, adding a major sports league to the event-contract sector.
The Straits Times · +14 outlets
Kalshi sues Missouri over cease-and-desist, says compliance is impossible
Kalshi is challenging Missouri Attorney General Catherine Hanaway's cease-and-desist notices to six sports event contract platforms.
Sbcamericas · +14 outlets
CFTC sues Utah over prediction market crackdown, citing irreparable injury
The DOJ and CFTC took Utah to federal court over its attempts to shut down event contracts after the state targeted Kalshi.
Sbcamericas · +2 outlets
New York sports betting handle sets September record at $2.4B, revenue falls
New York set a September volume record even as sportsbook revenue dropped 17.7 percent amid rising prediction market competition.
The Closing Line · +4 outlets
Polymarket shuts off sports contracts in Michigan, fourth platform to exit
Polymarket US agreed to stop offering new sports-related event contracts to Michigan customers, following Kalshi, Robinhood and Coinbase.
Sbcamericas · +4 outlets
Flutter shares slump as US listing amplifies FanDuel weakness
Flutter Entertainment stock fell as investor attention focused on FanDuel's soft US performance after the company's US listing.
Traders Union · +2 outlets
Alberta online gambling market posts strong opening numbers, rivaling Ontario
Alberta's newly regulated online gambling market opened with strong player and operator numbers, with DraftKings among the licensed sportsbooks live in the prov
Gaming News Canada · +5 outlets
Stifel cuts Q3 online gambling earnings forecasts, names surprise gaming pick
Stifel lowered its Q3 forecasts for the online gambling sector and highlighted an unexpected pick ahead of a choppy earnings season.
Legal Sports Report · +4 outlets
Kalshi on pace for more than $1B in adjusted earnings in 2026, research says
PitchBook research estimates Kalshi's 2026 adjusted EBITDA at roughly $1.2 billion, underscoring the scale of the prediction market sector.
https://www.ingame.com/ · +4 outlets
US iGaming growth slows in Q3 while sports betting holds steady
Industry data shows online casino growth decelerating in Q3 as sports betting volumes remained stable.
PlayUSA · +5 outlets
Massachusetts sports betting revenue rises 34% in September
Massachusetts reported a sharp year-over-year increase in September sports betting revenue.
Betting News · +1 outlets
Tax Law Center says sports event contracts fall under gambling tax rules
A tax law analysis concludes sports event contracts should be treated as gambling for tax purposes, a key question for prediction markets.
RG.org · +14 outlets
Gambling firms donate $1M to both sides of Arizona midterm races
Gambling and prediction market companies are donating to both parties ahead of Arizona's 2026 midterms as regulators keep enforcing sports betting laws.
Sbcamericas · +3 outlets
OSB market daily active users slightly down this football season, Apptopia says
Apptopia data shows a modest decline in daily active users for online sportsbooks during the current football season.
GlobeNewswire · +1 outlets
Nebraska online sports betting campaign spending tops $20M ahead of vote
Campaign spending on Nebraska's online sports betting ballot measure has passed $20 million ahead of the vote.
Covers.com · +1 outlets
NCPG names interim executive director amid scrutiny of Kalshi membership
The National Council on Problem Gambling appointed Charles H. Jeffers II as interim executive director while it searches for a permanent leader.
Sbcamericas · +1 outlets
Hawaii lawmakers weigh prediction markets in sports betting debate for 2027
A working group in one of the most restrictive gambling states is considering whether prediction markets change the case for Hawaii sports betting.
Sbcamericas · +1 outlets