New York sues Kalshi, alleging the prediction market is illegal gambling
New York's suit is the highest-profile state challenge yet to federally regulated event contracts that operators say compete directly with sportsbooks.
The New York Times · +13 outlets
BetMGM reports Q3 revenue up 7%, doubles EBITDA, reaffirms 2026 outlook
BetMGM's quarterly profit doubled on a focus on higher-value bettors even as active player counts slipped and growth guidance for 2026 stayed modest.
TradingView · +11 outlets
BetMGM to exit states without iGaming, CEO says prediction markets drove strategy shift
CEO Adam Greenblatt said the company is leaning into higher-value players and reassessing its footprint as prediction markets reshape the US market.
Sbcamericas · +4 outlets
Seminole Tribe sues DraftKings over alleged illegal sports betting in Florida
The tribe, which holds Florida's compact for online sports betting, alleges DraftKings operates illegally in the state.
wtwcfox · +14 outlets
BetMGM CEO expects Supreme Court to rule against prediction markets
The projection adds operator expectations to a legal fight over whether Kalshi and Polymarket style contracts count as gambling.
Covers.com · +9 outlets
New York sports betting posts second $600M handle in four weeks
New York's September figures show sustained record volume, with FanDuel outpacing DraftKings in the state.
Covers.com · +6 outlets
Report: prediction markets could cost tribal and commercial gaming up to $39.4B a year
The KlasRobinson analysis quantifies the revenue threat operators and tribes cite in lobbying against federally overseen event contracts.
Sbcamericas · +3 outlets
NFL Supreme Court filing raises stakes for sports prediction markets
The league's brief adds a major sports stakeholder to the legal battle over how event contracts are regulated.
Daily Bruin · +14 outlets
CFTC clarifies swaps rules for prediction markets and gambling
The guidance addresses how event contracts fit federal derivatives rules, a key question in the Kalshi and Polymarket disputes.
Betting News · +14 outlets
NBA and WNBA launch responsible gambling campaign covering betting and prediction markets
The leagues' public service campaign is aimed at fans as both sportsbooks and prediction markets expand.
NEXT.io · +14 outlets
Fixer in NCAA basketball betting scheme sentenced to 6 years in prison
The case stems from a federal probe into point-shaving style wagering on college basketball games.
ABC News · +14 outlets
Blumenthal demands answers from FanDuel over personalized videos to gamblers
The senator's inquiry targets AI-assisted personalized marketing to customers at risk of problem gambling.
WFSB · +14 outlets
Adam Silver says NBA wants control of its intellectual property amid betting and prediction markets
The commissioner framed league data rights and competitive integrity as central to the NBA's stance on wagering.
HoopsHype · +1 outlets
Congress asks MLB to act after Bryce Harper betting video
Lawmakers pressed the league on player involvement with betting content after a viral video featuring Harper.
NBC10 Philadelphia · +13 outlets
New York considers banning AI-driven betting promotions
The proposal would restrict operators from using automated tools to tailor gambling offers to individual customers.
AffPapa · +7 outlets
Alturas Indian Rancheria enters prediction market business with Kalshi partnership
A California tribe becomes the latest to test tribal entry into event contracts alongside the regulated prediction market operator.
Kalshi News · +8 outlets
State laws aim to limit prop betting and shield players from abuse
A wave of state proposals targets player prop markets and harassment tied to college and pro athletes.
Maryland Matters · +1 outlets
Alberta iGaming deadline ends with 48 approved platforms
Alberta closed its transition window for unregulated sites, moving toward a regulated commercial iGaming market.
iGaming.org · +1 outlets