The suit adds to a widening state-level legal fight over whether event contracts count as regulated sports wagering.

The two casino giants are staying out of event contracts while DraftKings and FanDuel move into the category.

The ruling is a state-level test of whether prediction market contracts fall under sports betting law.

Shares in the FanDuel parent sank after Brazil banned online betting, adding to pressure on the world's largest online gambling company.

Michigan regulators said they are reviewing issues raised in reporting on DraftKings' AI tools and VIP treatment of at-risk bettors.

The report adds to scrutiny of how sportsbook machine learning tools target customers who are losing.

Clubs say the ban on online betting threatens sponsorship revenue tied to the sector.

The CFTC self-certification filing signals a shift in how the prediction market incentivizes trading volume.

The prediction market is introducing responsible-gambling style controls as regulators scrutinize the sector.

Illinois handles continue to exceed $1 billion monthly, underscoring the state's status as a major betting market.

Illinois reported $116.5 million in July betting revenue as the World Cup drove wagering volume.

Tribal nations argue prediction markets threaten revenue and sovereignty arrangements tied to regulated betting.

North Carolina's monthly wagering volume has held above $500 million for a full year.

Operators including bet365 launched in Alberta as the province's first NFL season under regulated sportsbooks begins.

The decline in New Jersey revenue contrasts with steady handle growth in several other states.

The stalled Ohio online casino bill offers a preview of how supporters may approach the issue under a new governor.

The valuation jump indicates investor appetite for betting marketing plays despite industry headwinds.

At G2E, Del. Shawn Fluharty argued states, not Washington, should police the prediction market industry.