All Articles by Andrew O'Malley

Kalshi is reportedly pursuing a $20 billion valuation as prediction markets expand beyond sports, potentially attracting audiences that sportsbooks have historically struggled to reach. That includes women and younger users.…

Genius Sports used its Q4 earnings call to defend its $1.2B Legend acquisition after investor skepticism. After posting its strongest revenue growth since 2021 and its highest-ever adjusted EBITDA margin…

A growing legal battle over prediction markets intensified this week after Michigan filed a state lawsuit against Kalshi. Within 24 hours, Polymarket and Robinhood responded with federal lawsuits seeking to…

Kalshi faces potential class action exposure after settling its Iran Supreme Leader market at the last traded price, prompting regulatory and insider trading scrutiny. Former New York legislator Ben Geller…

Takeover speculation sent Caesars Entertainment shares up 19%. Still, with $11 billion in net debt and more than $1.2 billion in annual lease obligations, any acquisition would be far larger…

New York’s Attorney General Letitia James is targeting what she calls an illegal gambling system embedded inside some of the world’s most popular video games. James says Valve’s loot boxes…

Premier League clubs could soon face a shake-up in sponsorship revenue as the UK government moves to block unlicensed gambling brands from partnering with sports teams.  The UK government revealed…

LA County cities that rely heavily on cardroom revenue say California’s blackjack crackdown could trigger layoffs, service cuts, and even bankruptcy — even as state regulators argue the changes enforce…

As countries move to restrict or classify prediction markets, the U.S. is publicly defending them — and warning critics it will meet them in court. As CFTC Chair Michael Selig…

CFTC Chairman Michael Selig is no longer sitting on the sidelines. With a Nevada court filing and a Wall Street Journal op-ed, he’s escalating the agency’s direct defense of federal…