DraftKings reported Q3 revenue of about $1.33 billion, missing estimates, and cut its fiscal 2026 and 2027 guidance as it pours money into prediction markets, sending shares down sharply.
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Flutter's Q3 revenue missed estimates amid a Brazil market closure and unfavorable sports results, prompting a guidance cut and buyback pause even as FanDuel's US business grew.
A federal judge granted California tribes a preliminary injunction against Kalshi's sports contracts while the Ninth Circuit declined to rehear its Nevada sports contract case.
The Second Circuit rejected Kalshi and Coinbase requests for temporary relief, allowing New York and Connecticut authorities to enforce state gambling laws against their sports-related products.
Arkansas AG Tim Griffin filed separate suits accusing the prediction market operator and sweepstakes casino company of offering illegal gambling in the state.
Democrat Vikki Goodwin unseated Dan Patrick, removing the biggest obstacle to Texas sports betting and casino bills reaching the Senate floor for the first time in a decade.
PENN said midterm election results in several states opened new opportunities, including Texas, while it also targets Canadian iGaming growth and expects online profitability in 2027.
Nebraska voters defeated a pair of ballot measures that would have brought mobile wagering through the state's racetrack casinos.
New governors and legislative majorities in several states could change the trajectory of gambling expansion bills when 2027 sessions begin.
Election trading accounted for just 3% of Kalshi's volume during the midterms as sports and parlay contracts dominated the platform.
The sports data provider reported strong US growth as its expanding prediction market segment began contributing to financial results.
FanDuel reportedly elevated its interim chief to the permanent role as parent Flutter assesses how much to invest in prediction markets.
Ontario's regulated sports betting market posted strong September revenue growth tied to the start of the NFL season.
Rhode Island reported combined sports betting and online casino wagering activity of $169 million.
Michigan narrowly topped New York in active sportsbook accounts on a recent NFL Sunday across 28 legal US markets.
DraftKings launched its sportsbook in Alberta following the province's move to a regulated online betting market.
Michael Rubin's push to make Fanatics a top betting operator faces a harder path after Tuesday's election outcomes reshaped expansion prospects.
Scientific Games began a new era with Dan Flynn as chief executive among a series of gaming industry leadership changes this week.
SBC assembled former regulators and industry experts to improve engagement between gaming regulators and licensed operators.
The Empire State Building brought in a former FanDuel executive to revive its faltering observatory business.