All Articles by Chavdar Vasilev

Penn Entertainment has expanded its board from 8 to 11 members while settling a year-long proxy fight with activist shareholder HG Vora over governance, capital allocation, and a digital pivot.…

Kalshi has sued Utah in federal court despite no enforcement actions, arguing that public threats from Gov. Spencer Cox and Attorney General Derek Brown create an imminent risk of prosecution…

A new Federal Reserve study finds that Kalshi’s prediction markets match — and sometimes outperform — traditional economic forecasts, while offering real-time insight into inflation and interest rate expectations. A…

Kalshi has removed “March Madness”- related language from its platform following a request from the NCAA. Kalshi has removed references to “March Madness” from its platform after the NCAA requested…

Conference negotiations, sweepstakes bans, sports betting votes, and prediction market court hearings round up the upcoming week. This week brings a busy gambling agenda, with conference committees, sports betting expansion…

A Tennessee federal judge ruled that Kalshi is likely to succeed in arguing that its sports-event contracts qualify as swaps under the CEA, deepening a split with other courts over…

Virginia’s Senate and House each passed an iGaming bill, three states advanced sweepstakes prohibitions, and the Wisconsin Assembly passed a tribal mobile betting bill. This week saw both the Senate…

Novig secures $75 million in fresh capital as it faces increasing state pressure on sweepstakes platforms while pursuing federal approval from the CFTC. Novig has raised $75 million in a…

Maine lawmakers advanced a bill to ban online sweepstakes casinos after regulators warned of unlicensed operators targeting residents and cited a growing national crackdown. Maine lawmakers advanced legislation to explicitly…

DraftKings and FanDuel have applied to enter Arkansas’ mobile sports betting market, a state that has long operated without national sportsbook brands due to a strict 51% revenue-share requirement. Arkansas…