FanDuel and DraftKings spent more than $20 million backing the measures, and the defeat is being read as a warning sign for future US online gambling expansion.
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Flutter is increasing promotional spend at FanDuel even as profitability weakens, and the company is hopeful about legalization after the midterms.
The appellate ruling keeps the dispute over prediction markets and state sports betting jurisdiction alive, with an Ohio senator now pushing regulation after a Sixth Circuit decision.
The governor's race outcome revives tribal hopes for a California sports betting initiative after years of failed ballot efforts.
Changes in the Texas legislature and the lieutenant governor's race could open the door to sports betting and THC legislation in a state that has resisted expansion.
Letitia James is seeking records on Kalshi's influencer marketing and market-making, opening a new front in the state's fight with prediction markets.
Election outcomes that blocked expansion in key states complicate Fanatics' goal of becoming a top-tier US sportsbook.
CEO Carsten Koerl said he is unconcerned by states shutting out prediction markets after the data firm reported Q3 uplift from event contracts.
The Minnesota Legislature's new balance of power could change the long-stalled debate over legalizing sports betting in the state.
The trial centers on allegations of pitch-rigging and illegal betting tied to the two Guardians pitchers.
The NFL kickoff drove a sharp rise in Ontario's regulated sports betting revenue.
Football season pushed North Carolina betting activity up 38% month over month.
New York's weekly sports betting handle and revenue both rose in the latest October reporting period.
The change expands the products Michigan online sportsbooks can offer beyond traditional pari-mutuel horse racing wagers.
The operators are trimming promo spend in Ohio and Missouri as acquisition costs weigh on first-season football gains.
Researchers say legalization is associated with reduced household savings and investment activity, adding a fiscal dimension to the state's betting debate.
Kentucky handle crossed the $100 million mark again as the operator's in-state volume rebounds.
Ohio operators generated more revenue despite flat handle as hold percentages improved.
The Australian operator's results reflect a broader softening in its home market.
Virginia's market absorbed operator exits without a meaningful drop in betting activity.
Michigan's regulated sportsbooks generated more NFL betting activity than New York's larger market.
The operator detailed its responsible-gambling monitoring practices amid rising regulatory scrutiny of US sportsbooks.
Authorities are examining whether bettors traded on non-public information ahead of the award.
The province is weighing whether to broaden its regulated online gambling framework.
Researchers argue that soccer clubs' public commitments to drop betting sponsors rarely match their actual commercial behavior.