Chalky March Madness Slams Sportsbooks but Spares Kalshi
The spending gap between sportsbooks and the new kids on the block—sports prediction markets—shrunk over the past month, while March Madness results continued a sour…
DraftKings
This Stock’s Slide Is an Omen for Sports TeamsÂ
Thursday’s market-wide selloff in the wake of Donald Trump’s tariffs announcement will have wide-ranging impacts for sports teams, their fans and their owners. But…
New York Teachers, Police Funds Ask DraftKings for Executive DEI Info
The New York City comptroller is looking to compel DraftKings to annually disclose the self-identified gender and ethnicity of its executives, and their most relevant…
Kalshi Says It Has User Protections as Sports Futures Scrutiny Grows
Financial technology company Kalshi says it will increase user guardrails on its platform amid concerns expressed by MLB and other critics about its sports event futures…
Athletes’ NIL in Advertising Could Pose Legal Problems, Judge Rules
A federal district judge last week signaled the use of athletes’ NIL in products and in social media posts is less about sharing news and more about…
Caesars Entertainment Mulls Online Gambling Public Spinoff
Caesars Entertainment (CZR) will consider splitting its online gaming business into a separate publicly traded company, CEO Tom Reeg told investors Tuesday. Reeg…
Exclusive
Gambling Trade Group Seeks Invite to Feds’ Futures Trading Summit
The American Gaming Association filed a formal letter to the Commodities Futures Trading Commission (CFTC) on Thursday afternoon requesting to attend next month’s…
DraftKings Seeks $500M Term Loan, Given ‘BB+’ Fitch Rating
DraftKings is looking to raise $500 million via a new term loan. The gaming company on Monday morning announced the launch of a syndication for the proposed $500…
DraftKings Open to Futures Contracts and Crypto, CEO Says
DraftKings would consider offering futures contracts on sports outcomes—gambling-adjacent markets that have gained popularity recently at fintech companies—should the…
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 numbers that included more granular revenue details than…
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 election futures market trades last October and November despite…
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 sportsbooks. FanDuel, a unit of Flutter, on Tuesday became…
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