BetMGM Q3 revenue hits $710M as EBITDA more than doubles, focuses on high-value bettors
The BetMGM joint venture reported higher revenue and sharply higher operating earnings on a strategy of targeting higher-value players while retreating from sta
Legalsportsreport · +12 outlets
FTC begins review of online sports betting advertising and marketing practices
The Federal Trade Commission has reportedly opened a review of online sportsbooks including DraftKings and FanDuel over alleged deceptive marketing practices.
Legalsportsreport · +6 outlets
CFTC and Nevada regulators clash over prediction market sports event contracts
Nevada's gaming regulator criticized CFTC swap rules for prediction markets as Kalshi faces conflicting claims over an Oklahoma tribal partnership.
ReadWrite · +14 outlets
NBA and WNBA launch responsible gaming campaign with NCPG covering betting and prediction markets
The leagues partnered with the National Council on Problem Gambling on a campaign warning fans about risks of both regulated sports betting and prediction marke
Legalsportsreport · +14 outlets
Study links legal online sports betting to rise in anxiety and depression treatment
Johns Hopkins researchers found online sports betting legalization associated with increased use of depression and anxiety treatment prescriptions.
CBS News · +3 outlets
BetMGM CEO expects Supreme Court to side against prediction markets
Adam Greenblatt said he expects the high court to rule against prediction market operators in the ongoing legal fight over sports event contracts.
PlayNY · +8 outlets
New York advances AI and problem gambling rules for sportsbooks
New York regulators moved forward on rules governing sportsbook use of artificial intelligence and problem gambling protections, including a possible ban on AI
PlayNY · +14 outlets
Massachusetts regulators ask operators whether AI targets losing bettors
The Massachusetts Gaming Commission sent every licensed sports betting operator a detailed list of questions about their use of artificial intelligence in marke
Legalsportsreport · +14 outlets
Nebraska online sports betting ballot measure hinges on property tax relief
The campaign to legalize online Nebraska sports betting raised $14.65m ahead of the Nov. 3 election, but its fate may depend on whether voters connect it to pro
Sbcamericas · +3 outlets
Three defendants to plead guilty in gambling case involving two NBA players
Federal prosecutors said three defendants will plead guilty in a gambling case tied to two NBA players.
The New York Times · +13 outlets
Poll finds nearly half of Americans oppose sports betting on prediction markets
A Reuters/Ipsos poll found most Americans oppose using prediction markets to bet on elections, with nearly half opposed to sports betting through the platforms.
Legalsportsreport · +14 outlets
New York sports betting handle tops $600M for second time in four weeks
New York posted another $600M-plus monthly handle with FanDuel outpacing DraftKings, as September revenue rebounded nationwide.
Gambling.com · +8 outlets
Fanatics CEO Rubin says he believes in the sports betting business long term
Fanatics CEO Michael Rubin said he fundamentally believes in the sports betting business over the long term.
CNBC · +14 outlets
Maryland online sports betting revenue plunges in September
Maryland online sports betting revenue fell sharply in September after the state's prior fiscal year haul reached $132 million.
CDC Gaming · +6 outlets
Longtime ESPN producer says network 'neutered' stories critical of sports gambling
A former ESPN producer said the network softened coverage critical of the sports gambling industry, part of broader scrutiny of betting's media influence.
Awful Announcing · +4 outlets
Maine sports betting revenue jumps 36% in September
Maine sports betting revenue rose 36% year over year in September, with handle reaching $450.2M through the third quarter.
Legal Sports Betting · +2 outlets
After Brazil bans online betting, sports media faces financial reckoning
Brazil's ban on online betting has forced sports media outlets to confront lost sponsorship and advertising revenue.
LatAm Journalism Review · +8 outlets
Kansas sportsbooks post 6% lower handle for September
Kansas sports betting handle declined 6% in September compared with the prior year.
Gaming Intelligence · +1 outlets