Flutter Entertainment's FanDuel parent reported a Q3 revenue miss, paused buybacks and lowered 2026 guidance after unfavorable sports results and its Brazil market closure.
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The ballot defeat, funded heavily by FanDuel and DraftKings, is being read by some in the industry as a warning sign for future US gambling expansion.
Analysts and previews flag sportsbook growth, cost control and valuation as the key swing factors ahead of DraftKings' quarterly report.
Arkansas Attorney General Tim Griffin filed separate suits accusing the prediction market operator and sweepstakes casino company of offering illegal gambling in the state.
The appeals court turned down Kalshi's bid for temporary relief against New York and Connecticut authorities and Coinbase's parallel injunction motion in Connecticut.
Letitia James opened a new front in the state's dispute with Kalshi, seeking records on its influencer marketing and market-making operations.
Flutter's incoming CEO is betting that richer rewards and product investment at FanDuel will convert engagement into profit as the unit's earnings suffer.
Carsten Koerl told investors the data firm sees significant uplift from sports event contracts even as more states weigh restrictions.
An Ohio state senator wants legislation classifying sports prediction markets as sports gambling, citing a recent federal appellate decision.
Michael Rubin's push to make Fanatics the top US betting brand was set back by ballot outcomes in key states.
The FanDuel parent reported prediction market volume more than doubled versus the prior quarter, underscoring the segment's rapid expansion.
The Canadian province's regulated market posted double-digit revenue growth for the month, aided by the return of NFL wagering.
Election Day featured one statewide sports betting question, several local casino votes and dozens of races that will shape gambling policy.
Ohio operators booked more revenue year to date as a better hold rate offset wagering trends.
The state posted another strong monthly wagering total, reinforcing its standing among newer legal US markets.
The latest weekly figures show New York's sportsbooks continuing to grow wagering volumes and revenue into the fall.
The operator expressed optimism about further sports betting legalization following Tuesday's election outcomes.
Sporting News explains how the operator's event contracts product works and where it can be used.
The analyst note weighs DraftKings' premium multiple against the growth of prediction market competitors.
The landmark brought in a gaming industry veteran to turn around its faltering observatory operation, an unusual crossover from sports betting.