New York sports betting handle hits September record $2.4B, but revenue falls again
New York's record September volume came alongside lower hold and a 17.7% revenue decline, with prediction markets cited as a factor in the market's shifting eco
The Closing Line · +7 outlets
Utah files 13 felony charges against Kalshi over sports event contracts
Utah escalated its fight with prediction markets by charging Kalshi with second- and third-degree felonies, a major test of state authority over event contracts
Sbcamericas · +14 outlets
Kalshi sues Missouri, says cease-and-desist compliance is impossible
Kalshi joined other prediction market operators in suing a state regulator after Missouri sent cease-and-desist notices to six event contract platforms.
Sbcamericas · +14 outlets
Polymarket becomes fourth operator to halt sports contracts in Michigan
Polymarket agreed with Michigan regulators to stop new sports event contracts and close open positions by Nov. 25, following Kalshi, Robinhood and Coinbase.
Legalsportsreport · +12 outlets
DraftKings earnings previews point to a possible 8.9% stock move
Multiple previews flag DraftKings' upcoming Q3 report, with analysts warning of possible negative earnings and elevated implied volatility.
Investing.com · +3 outlets
Caesars Digital Q3 adjusted EBITDA jumps over 50% as company posts $123M net loss
Caesars reported sharply higher digital profitability but limited disclosure on the drivers, alongside a quarterly net loss.
Legalsportsreport · +1 outlets
MGM Resorts CEO Hornbuckle says takeover talks with People Inc. are over for good
Hornbuckle closed the door on a deal in either direction with Barry Diller's People Inc., ending months of back-and-forth speculation.
Sbcamericas · +9 outlets
Rush Street says US online casino growth is cooling, eyes 2027 legalization
Rush Street Interactive reported Q3 revenue up 39% to $385.9M while cautioning that the online casino engine driving US growth is slowing.
Sbcamericas
Freedom Capital cuts Flutter Q3 and Q4 estimates on US weakness and Brazil ban
The analyst revision reflects softer US trends and the impact of Brazil's betting ban on Flutter's near-term outlook.
Casino.org
Kalshi caps deposits at $2,500 a month for 18- to 20-year-old traders
The new safeguard targets the youngest users of prediction market platforms as scrutiny of youth participation grows.
Legalsportsreport · +14 outlets
Monarch Casino posts record Q3 revenue of $146.3M and $32M profit
The regional casino operator reported record quarterly revenue and profit, underscoring strength in regional gaming.
Yogonet · +1 outlets
Nebraska online sports betting campaign spending tops $20M ahead of vote
Spending on both sides of Nebraska's online sports betting ballot measure has passed $20M before voters decide.
Covers.com · +3 outlets
Malik Beasley reverses plea to guilty in NBA betting scandal
The former Pistons guard agreed to plead guilty to federal charges that he manipulated his own on-court play in a betting scheme.
Legalsportsreport · +6 outlets
Gambling companies donate $1M to both sides of Arizona midterm races
Gambling and prediction market firms are funding candidates on both sides as Arizona continues strict enforcement of its sports betting laws.
Sbcamericas · +1 outlets
NFL betting rules force Saquon Barkley to divest his Polymarket stake
The league clarified that its betting restrictions extend to prediction market investments, prompting the Eagles running back to sell his position.
Legalsportsreport · +14 outlets
Massachusetts sports betting revenue rises 34% in September
Massachusetts posted a sharp year-over-year revenue increase for September, a bright spot among state-level results.
Betting News · +1 outlets
Deadwood September gaming revenue rises 11% to $16.9M
The South Dakota historic gaming town reported double-digit revenue growth for September.
RG.org
Polymarket reportedly fires its CMO as Ifrah Law adds six professionals
The week's industry leadership moves were led by legal and compliance hiring and an executive exit at Polymarket.
Sbcamericas