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Michigan and Nevada are set to become the first two states to force Kalshi to geofence its platform, marking a new phase in the fight over prediction market sports contracts.…

Despite a significant dip in second-quarter profitability, DraftKings’ prediction market volume has climbed nearly fivefold since April, with management expecting customer growth to accelerate further during the NFL season. Profits…

PENN’s four regional divisions combined to generate $1.505bn in revenue for a retail segment record. Adjusted EBITDAR rose 5.6% to $517.2m, lifting the retail margin to 34.4%. PENN shares closed…

A key defendant allegedly contacted a co-defendant and used rat emojis on Instagram to intimidate potential witnesses. Federal prosecutors have asked a judge to revoke Deniro Laster’s bond and hold…

Flutter revenue was up, but profit was down. What’s more, management slashed guidance, and CEO Peter Jackson announced he is leaving at the end of September. The market didn’t like…

The sports technology provider will supply official settlement data and integrity services to both exchanges, while Polymarket will also receive live streaming rights for selected competitions. Genius Sports has struck…

Tribal representatives urged Congress to protect state and tribal gaming authority. They argued that sports-event contracts operate like bets without equivalent regulatory safeguards. Tribal gaming leaders urged Congress to rein…

From Georgetown to investment banking to prediction market startup to industry newsletter, Sam Schwartz sits down for a wide-ranging conversation. Prediction markets caught the eye of Sam Schwartz soon after…

The University of Mississippi has requested that state lawmakers allocate $2 million in annual funding toward its new Center on Collegiate Gambling and future Mississippi Gambling Clinic to address problem…

Australia’s financial regulator said no prediction market operator holds a license in the country. ASIC warned that users face all-or-nothing losses, insider trading risks and limited avenues for recovering their…