Sporttrade Urges MA Regulators to Combine Sportsbooks, Prediction Markets
Sporttrade CEO Alex Kane pitched to Mass. regulators to permit sportsbook operators with prediction markets (FanDuel, DraftKings, Fanatics) to be able to offer both, arguing it would expand the player base and generate more state tax revenue, Kane said during today's SBC Summit
CFTC Sues to Block Minnesota Prediction Market Ban
The CFTC has sued to block a Minnesota bill signed into law Monday that would make operating a prediction market a criminal felony, the organization announced today; The CFTC is seeking a preliminary injunction to stop the law from going into...
Betting Revenue Rebounds Slightly Amid Sharp YoY Decline
Early March sports betting revenue figures and operator earnings reports show some rebound activity from a low between Dec 25 - Feb 26, but you can still see the massive year-over-year decline in handle growth in recent months https://t.co/wo9YiHYq78
Bipartisan Bill Bars Sports Betting Ads Targeting Minors
US Sens Katie Britt and Richard Blumenthal have introduced a bipartisan bill that would prohibit social media companies, other ad websites from "targeting minors with sports betting through online advertising," per release announcing the proposal
Bally Bet Secures Rhode Island Mobile Sportsbook License
Bally Bet is set to become Rhode Island's second legal mobile sportsbook after it was approved for licensure earlier this week; Bally Bet joins Sportsbook Rhode Island; Bally Bet already operates an iCasino in the state
May 14 Balance Locked to Single Fanatics App
As of May 14th, Fanatics Markets available cash balance will be assigned to one product, Fanatics Sportsbook & Casino or Fanatics Markets, per customer email. Users can still access and use either Fanatics app at any time, but funds won't...
DraftKings Switches to Value‑Based Per‑Contract Fees
DraftKings Predictions is moving from a commission structure to a variable fee based on contract price, effective today; this change is "designed to better align fees with contract value," the company wrote in an email to customers New fee structure (per...
DraftKings Posts Strong Q1 Growth as Rivals Decline
DraftKings posts impressive year-over-year sports betting numbers in Q1 as many of its competitors see declines: - Handle up 1.5% - Revenue up 24.1% - Net revenue margin improves from 6.4% to 7.8%
DraftKings Keeps FY2026 Revenue and EBITDA Guidance
DraftKings maintains fiscal year 2026 revenue guidance range of $6.5 billion to $6.9 billion and fiscal year 2026 Adjusted EBITDA guidance range of $700 million to $900 million, per Q1 earnings release
28 iGaming and Sports Betting Operators Seek Alberta Licenses
28 iGaming and mobile sports betting operators have applied for Alberta licensure as of May 1: BET99 Albertix Gaming Limited Caesars (Caesars Palace Online Casino & Horseshoe) Bally Bet Monopoly (Bally's) BetMGM Betty Grizzly's Quest Jackpot City Royal Vegas Ruby Fortune Spin Casino Betway DraftKings Party Casino Sports...
Kalshi's $22B Valuation Doubles DraftKings, Sports Courts Crucial
Kalshi's $22 billion valuation announced today is nearly double DraftKings' current market cap. Roughly 85% of Kalshi trading volume comes from sports so, yeah, the court decisions are going to be a big deal.
Gaming Execs Flag Prediction Markets as Major Threat
81% of gaming industry executives view prediction market threats as “very significant," per an American Gaming Association survey released today; 42% of executives cite competition from new forms of gaming as a major factor limiting operations, up from 25% last...
NBA's 3‑Minute Timeout Likely Designed for More Ads
Call me crazy, but I'm starting to suspect the three minute use it or lose it timeout was a ploy by the NBA to sell more ad space...
Flutter Taps Former FanDuel President with Law‑academic Pedigree
Christian Genetski, incoming leader of Flutter's US business, was previously President of FanDuel. He has been with the company since 2017, before the company launched its sportsbook. He earned his JD from Vanderbilt law school, per Linkedin, and worked 9...
Ozarks Brace for Summer Betting Boom with New Mobile Sportsbooks
Missouri and Arkansas are the two most recent states to launch FanDuel and DraftKings' mobile sportsbooks. Going to be a big summer for sports bettors in the Ozarks.