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
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
DraftKings is in advanced talks to acquire CFTC-licensed Railbird Exchange, signaling a move into regulated prediction markets. Flutter Entertainment has acquired the remaining 5% of FanDuel from Boyd Gaming in a $1.75 billion deal, giving it full ownership of the sportsbook. BOSTON – Two of … Read more
DraftKings stock is down to 12.37 per share after peaking at 63.39 per share in 2021. Caesars stock peaked at 119.49 in 2021 but is now down to just 42.26 per share. A younger investing audience is rooted as one of the reasons for the … Read more
FanDuel is now – by a fair margin – the top sportsbook in New York, largely as a result of their leveraging of their DFS and same-game-parlay offerings. FanDuel passed off Caesars Sportsbook, which held the largest market share shortly after launch; however, much of … Read more
FanDuel is launching a new campus in Atlanta to create tech jobs for local residents. The tech hub will create 900 new jobs. This is a $15 million venture. ATLANTA – While sports betting failed to launch in Georgia during the legislative sessions earlier this … Read more
PASPA was repealed on May 14, 2018. Since the repeal, multiple states and Washington DC have regulated sports betting markets. Sportsbooks like DraftKings have gone public on the NASDAQ. NEW YORK – The repeal of the Professional and Amateur Sports Protection Act (PASPA) will possibly … Read more
Flutter Entertainment has announced that FanDuel CEO Matt King will be stepping down. Flutter Entertainment has warned this will delay the potential public listing of FanDuel. Matt King will remain as CEO until a replacement is selected. NEW YORK – Popular sportsbook and daily fantasy … Read more
FanDuel IPO would only make a small shareholding available but nothing is imminent. Flutter saw a 42% jump in online revenue during Q1 which was driven by online player growth being up 36%. FanDuel was responsible for 91.6% of Flutter’s revenue compared to only 8.4% … Read more
Fox Corporation and Flutter Entertainment’s legal dispute has continued. Fox has threatened to pull all FanDuel promotion from its media outlets. Fox is the second-largest sports broadcast network in the country. NEW YORK – Fox Corporation and Flutter Entertainment have continued their legal dispute over … Read more
Fox Corporation has filed a lawsuit against Flutter Entertainment. The lawsuit stems from an earlier agreement between the companies that promise Fox a stake in FanDuel at a specific cost. Flutter argues that Fox should pay a fair market price. NEW YORK – Fox Corporation … Read more
Sportsbooks like DraftKings have gone public. Flutter Entertainment is considering making FanDuel its own company and making it go public. Diamond Eagle is looking to invest in sports betting company theScore. NEW YORK – The legal sports betting market has continued to bloom and more investment … Read more
