DraftKings Open to Futures Contracts and Crypto, CEO Says
DraftKings would consider offering futures contracts on sports outcomes—gambling-adjacent markets that have…
Sports Betting
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DraftKings Shares Jump on Fourth Quarter Results, New Revenue Data
DraftKings shares jumped as much as 15% on Friday morning after the gaming company reported fourth quarter…
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Kalshi’s In-Game Trading Pops in Latest Warning for Sportsbooks
Sports futures contracts, among the hottest topics in the financial technology and gambling industries…
U.S. Sportsbooks Reckon With Super Bowl Rival: Futures Markets
When financial technology upstart Kalshi facilitated more than $200 million worth of U.S. presidential…
U.S. Sports Betting Grows as Wall Street Eyes Latin America
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight…
FanDuel Takes $370 Million Hit on Bettor-Friendly NFL Results
This NFL regular season was historically good for betting favorites, and therefore historically bad for…
DraftKings Users Can Now Buy Better Odds Via Subscription
DraftKings has launched a new subscription service that will give members increased odds on the types of bets…
Brazil Nears Regulated Betting as RDP Gets Sportsbook License
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight…
FanDuel Draws Backlash for Odds of Cavaliers Going Undefeated
Sportsbooks never give odds that accurately reflect real world probabilities. A recent line offered by…
FanDuel Founders Launch Crypto Casino BetHog
FanDuel co-founders Nigel Eccles and Rob Jones have launched BetHog, an international cryptocurrency casino…
Endeavor CEO Buys Endeavor Betting Biz for $450 Million
Endeavor CEO Ari Emanuel is leading a buyout of his company’s sports betting assets—IMG Arena and OpenBet—for…
DraftKings Adds $500M Credit Line That Incentivizes Borrowing
DraftKings has opened a new $500 million credit facility, a move that will give the company easy access to…
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