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Top story DraftKings Q3 revenue rises 16% to $1.33B but misses $1.39B consensus; EPS light by 17 cents

The quarter was unprofitable despite double-digit top-line growth, feeding investor debate over whether revenue can outrun rising costs as prediction markets expand.

full coverage →earningssports bettingdraftkings
Flutter cuts 2026 revenue outlook as Brazil closure and sports results hit Q3; shares dip, buybacks paused

The Q3 miss and lowered guidance mark an early test for new CEO Dan Taylor, who is leaning on FanDuel promotions and product upgrades to convert engagement into profit.

full coverage →earningsflutterfanduel
Kalshi loses in appeals courts: Second Circuit lets NY and CT enforce gambling laws, Ninth Circuit denies rehearing

The stacked rulings leave the prediction market operator with limited recourse beyond the US Supreme Court in its fight against state gaming enforcement.

full coverage →prediction marketslitigationkalshi
Nebraska voters reject online sports betting despite $22.5M campaign funded by FanDuel and DraftKings

The lopsided defeat of Initiative 441 is being read as a warning sign for future industry-funded ballot pushes in other states.

full coverage →regulationnebraskaballot measure
Flutter says FanDuel predictions product now competitive as prediction market volume grows 102% quarter over quarter

Dan Taylor said prediction markets were initially not competitive but have improved heading into 2027, though the company is still weighing spending against standalone profit potential.

full coverage →prediction marketsfanduelflutter
Texas sports betting path opens after Democrat Vikki Goodwin unseats Lt. Gov. Dan Patrick

Patrick had long blocked gambling bills from reaching the Senate floor, but constitutional hurdles and other legislative obstacles remain before expansion.

full coverage →regulationtexassports betting
Arkansas AG sues Kalshi over prediction markets and VGW over sweepstakes in sweeping crackdown

The twin filings add Arkansas to the growing list of states challenging event contracts and sweepstakes casinos in court.

full coverage →regulationkalshisweepstakes
Midterm blue wave reshapes gambling expansion outlook across multiple states

New governors and legislative majorities heading into 2027 sessions shift the odds on both retail and online gambling bills, and on prediction market oversight.

full coverage →regulationelectionspolicy
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