Seminole Tribe sues DraftKings, alleging illegal Florida sports betting via Pick6 and prediction markets
The 72-page state complaint names DraftKings and CEO Jason Robins, arguing the company's Sports Predictions and Pick6 products violate the Tribe's exclusive rig
Legalsportsreport · +14 outlets
NFL files amicus brief urging Supreme Court to take up New Jersey's prediction market case against Kalshi
The league argues sports event contracts are gambling rather than swaps and should be regulated by states and not the CFTC, breaking with other major leagues on
Legalsportsreport · +13 outlets
Coinbase, PrizePicks pull sports event contracts in more states as prediction market retreat widens
Coinbase agreed to stop listing new sports event contracts in Michigan and PrizePicks halted sports contracts in Missouri amid mounting state regulatory pressur
Legalsportsreport · +12 outlets
Tribal nations and global gaming regulators file briefs urging Supreme Court to halt prediction market sports betting
Tribal organizations and the IAGR/NAGRA filed amicus briefs supporting New Jersey's request for Supreme Court review of Kalshi's sports event contracts.
Sbcamericas · +11 outlets
DraftKings moves ahead of FanDuel after first month of NFL season
Early-season NFL betting data shows rising handle, volatile book results and surging prediction market activity, with DraftKings edging past FanDuel.
Legalsportsreport · +14 outlets
Nebraska online sports betting campaign gets another $7 million from DraftKings and FanDuel
The ballot campaign backing legalized online sports betting in Nebraska is well funded heading into the vote.
Nebraska Public Media · +14 outlets
Underdog CEO tells IG Group investors what the $1.3 billion acquisition buys
Co-founder Jeremy Levine pitched the London-listed trading company's deal for the prediction market operator at a shareholder seminar.
Sbcamericas · +14 outlets
Bank of America upgrades DraftKings to buy after stock slide
The upgrade follows a sharp decline in DraftKings shares, while Macquarie trimmed sports betting stock targets ahead of Q3 earnings.
Casino.com · +14 outlets
Penn Entertainment stock jumps over 5% on analyst upgrade focused on regional casinos
The upgrade shifts investor attention to Penn's land-based casino business after years of online sports betting struggles.
Legalsportsreport · +4 outlets
Kentucky sports betting handle grows to $206.3 million in August
Kentucky's wagering volume rose with BetMGM and Fanatics cited as key drivers of the state's sportsbook growth.
www.gamingintelligence.com · +1 outlets
Brazil court lets Stake keep operating until October 25 under restrictions
The Sao Paulo federal court granted a partial injunction upholding the effects of a provisional measure while allowing fixed-odds betting to continue temporaril
Sbcamericas
Michigan warns self-excluded players as regulators send cease-and-desist letters to 33 offshore sites
Michigan regulators acted against unlicensed offshore operators while alerting players enrolled in the state self-exclusion program.
RG.org · +4 outlets
Lead defendant in Brooklyn sports betting case to plead guilty ahead of NBA season
The plea comes as prosecutors wind down a high-profile illegal sports betting prosecution tied to NBA gambling.
iGaming Business · +13 outlets
Caesars fined in Tennessee over sports betting violations
Tennessee regulators penalized Caesars as part of a broader enforcement push on licensed sportsbook compliance.
Deadspin · +9 outlets
Lawmakers demand FanDuel hand over every VIP celebrity marketing video
Sen. Blumenthal and Reps. Tonko and Foushee escalated their third request to FanDuel's CEO over personalized celebrity promotions.
Legalsportsreport · +5 outlets
DraftKings faces lawsuit alleging AI-driven promotions targeted users likely to lose money
The suit claims the operator used AI to direct gambling offers at customers prone to losses.
AboutLawsuits.com · +12 outlets
Illinois gambling tax revenue rose 19% last year
The state report attributes the gain to expanded gambling, though operators face fees such as FanDuel's Illinois per-bet charge.
Capitol News Illinois · +1 outlets
Sports gambling seeps deeper into Wall Street as hundreds of pro team ETFs emerge
CNBC reports a wave of team-focused ETFs is blurring the line between sports fandom and financial speculation.
CNBC