Flutter's Q3 revenue was $3.87B with a net loss of $862M, and the company trimmed full-year guidance a second time while FanDuel's US revenue grew 6%, the lone bright spot.
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The defeat, after FanDuel and DraftKings spent more than $20M, is being read as a warning sign for future US gambling expansion at the ballot box.
Letitia James' filing opens another front in New York's fight with the prediction market operator over its marketing and market-making practices.
The Sixth Circuit decision has prompted Ohio lawmakers to move on legislation that would also ban election trading via event contracts.
Voters weighed one statewide sports betting question, several local casino measures and dozens of races that will decide gambling policy in the next legislative session.
CEO Carsten Koerl said the data firm is unconcerned about more states shutting out sports prediction markets after reporting strong uplift from event contracts.
The unit is deciding how aggressively to fund prediction market products relative to its core sportsbook economics.
Analysts are watching DKNG's sportsbook growth and cost trajectory heading into the report, with shares under pressure this year.
The Canadian province opened its regulated commercial market, with operators now accepting bets under the new framework.
The Canadian province's regulated market posted the increase as football betting volume returned.
Rubin's goal of making Fanatics the No. 1 US betting operator got harder after election outcomes went against industry-backed expansion.
The state's regulated operators reported improved revenue despite flat or lower handle, driven by a better win rate.
The analyst note argues the recent share decline overshoots the company's fundamentals ahead of Q3 results.
The monthly figure reflects continued volume in one of the newer US regulated sports betting markets.
Weekly reporting from the state shows both wagering volume and operator revenue up month over month.
A guide to the operator's prediction market product and the states where it operates.
A walkthrough of Fanatics' event contracts offering and its state footprint.
The landmark tapped an executive from the betting industry to revive its faltering observatory business.
Analysts flagged the size of the potential post-earnings move for the travel platform.