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
Kalshi is rapidly expanding into over 140 countries, including China, following a $300 million funding round that increased its valuation to $5 billion. By operating under a regulated financial market model, Kalshi is able to compete in markets where traditional sports betting remains restricted or … Read more
September 2025 marked New York’s highest monthly sports betting handle since March 2025 New York’s sports betting handle hit $2.29 billion, driven by the return of the NFL season, up 10.4% from September 2024. NEW YORK – New York’s legal sports betting market experienced a … Read more
Both FanDuel and DraftKings announced partnerships this week, blending sports viewing with sports betting. NEW YORK – Amazon announced its Prime Video platform is expanding its relationship with Flutter-owned FanDuel on Tuesday. It will deliver betting integrations during NBA broadcasts. Starting this season, basketball fans … Read more
Kalshi set a new single-day trading record with over $275 million in activity. DraftKings and Flutter Entertainment lost nearly $7 billion in combined market capitalization. Capitol Hill lawmakers are questioning the Commodity Futures Trading Commission’s (CFTC) oversight of prediction market sports contracts. NEW YORK – … Read more
Online sports betting sites that are regulated locally launch in Missouri in two months. Circa, DraftKings, FanDuel, and Underdog are some of the notable sportsbooks that will launch when the market launches on December 1. The launch of sports betting in Missouri will result in … Read more
Bovada has the best Ryder Cup odds for the US compared to other popular betting sites. The legal sportsbook has -140 odds for Team USA compared to -150 and -155 odds at DraftKings, BetOnline, and FanDuel. Based on star power and home-course advantage, the US … Read more