Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
Missouri launched eight mobile sports betting apps on Monday. State voters approved Amendment 2 over a year ago to bring legal sports betting to Missouri. The Kansas City Royals are looking for a new sports betting partner after Underdog withdrew their license days before launch. … Read more
CEO of Fanatics, Michael Rubin, said that the sportsbook is launching a prediction market with Crypto.com for all states Maryland is one of the many states to warn operators that prediction markets are not licensed by gaming commissions NEW YORK CITY – Fanatics Sportsbook is … Read more
New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more
A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure. Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets. MADISON, Wisc. – A measure to legalize … Read more
Missouri opened sportsbook pre-registration ahead of its Dec. 1 launch, allowing residents to sign up and secure bonuses early. Major operators rolled out competitive promotions as the state enters the legal sports betting market with a low 10% tax rate. Bettors will have a full … Read more
FanDuel announced they will launch FanDuel Predicts, a prediction market platform catering to states without a locally-regulated sports betting industry. As a result, FanDuel won’t be able to operate in Nevada since state regulators regard prediction markets as “unlawful”. The FanDuel Predicts App is set … Read more
ESPN and Penn Entertainment terminated their $2 billion sports betting partnership after just two years due to poor market performance. ESPN immediately announced a new multiyear partnership with DraftKings, which will become the exclusive sportsbook and odds provider starting December 1. DraftKings stock surged 8% … Read more
Senate Bill 592 was discussed by the Wisconsin Senate Committee on Agriculture and Revenue today. The group favors the hub-and-spoke sports betting model that the bill establishes over other sports betting models because it allows the tribes of Wisconsin to secure a high revenue share. … Read more
DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more
CME Group plans to launch a prediction market platform offering contracts on economic indicators and potentially sports events by the end of 2025. FanDuel is partnering with CME but has yet to confirm involvement in sports event contracts amid regulatory concerns from states with legal … Read more
California Governor Gavin Newsom signed bill AB 831 this week, banning sweepstakes contests like casinos and sportsbooks. It does not change anything regarding real money and free casinos and sports betting sites in California. SACRAMENTO, Calif. – Dual-currency sweepstakes gambling sites are no longer legal in … Read more