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The CFTC is taking steps to address prediction markets’ cross-ownership of market makers, Underdog has agreed to be bought by a British trading firm, and the WNBA puts heat on…

Conflicting court rulings and a major acquisition underscored both the legal uncertainty and commercial momentum surrounding prediction markets. Prediction markets saw another eventful week as courts issued conflicting rulings on…

A new problem gambling report commissioned by the Arizona Department of Gaming found an increase in the number of Arizonans who gamble weekly. The survey also identified opportunities for Arizona…

The state wants to stop the prediction market platform from operating within its borders, recover allegedly illegal gains and obtain restitution for consumers. New York Attorney General Letitia James has…

Tennessee also saw a wave of sweepstakes casino exits during July, while operators expanded restrictions in Iowa and prepared for Louisiana’s August 1 ban. July brought another wave of changes…

Churchill Downs Inc. delivered all-time record revenue and earnings on the back of the 152nd Kentucky Derby — and, in a filing made the same evening, disclosed it is exploring…

After more than a year of speculation, the companies unveiled a free-to-play sports contest designed to avoid the legal barriers to in-flight gambling. DraftKings and Delta Air Lines have finally…

Prediction markets are becoming a significant business for the brokerage, with users growing by roughly one-third since the first quarter. Robinhood’s prediction market business continues to grow rapidly, with nearly…

The court ruled that sports-event contracts are unlikely to constitute swaps and rejected CFTC’s federal preemption arguments. A federal judge in Wisconsin has denied the Commodity Futures Trading Commission’s (CFTC)…

New York officials could take action on or after Thursday A federal appeals court judge on Wednesday evening denied Kalshi’s motion for an injunction that would prevent New York state…