Kalshi, Robinhood Legal Tactics Reveal Futures-Industry Contrasts
Kalshi has continued its full-throttle response to regulatory action regarding its event futures contracts, which this year expanded to include trading based on…
sports betting
Underdog Newest Fantasy Sports Unicorn as Spark Leads $70M Round
Five-year-old fantasy and sports betting company Underdog is the newest unicorn created by the sports betting boom, as a new round of funding has valued the business at…
Robinhood Faces Bay State Probe Over Sports Futures Contracts
Massachusetts subpoenaed financial technology company Robinhood last week seeking information about its new sports event futures trading product available in 49 states…
Nevada’s Kalshi Order Opens New Front in Sports Futures Battle
Nevada became the first state to take legal action against event-based sports futures contracts, sending the financial technology company Kalshi a cease-and-desist…
Genius Sports Stock Surges Against Market Tide on 2025 Outlook
Genius Sports stock surged 12% Tuesday on the New York Stock Exchange as a strong 2025 outlook from management overcame missing profit estimates by a wide margin for the…
Sports Futures Threaten Tribal Gaming Rights, Groups Tell CFTC
At least 10 groups representing tribal gaming interests have sent letters to the Commodity Futures Trading Commission (CFTC) calling the emergence of sports event…
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…
Exclusive
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, showed potential during the 2025 Super Bowl to compete directly…
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…
Terry Rozier Betting Probe Shows Feds’ Wide-Ranging Power Over NBA
The unique and pervasive powers of federal prosecutors are key to unpacking an ongoing criminal investigation into illegal sports betting schemes that might touch on…
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