Author: Adam Roarty
Posts by Adam Roarty
Arizona has issued a cease-and-desist letter to prediction markets operator Kalshi, joining the six states that took the same action last month.
The Commodity Futures Trading Commission (CFTC) has scheduled a conference call for May 29 with tribal betting leaders to discuss the state of sports prediction markets.
Better Collective reported a year-on-year revenue decline of 13% in Q1, falling to €83m ($93m). EBITDA also dropped, down to €22m, which marked a 24% decline from Q1 2024.
Maryland's Governor has signed off on a bill that will raise the sports betting tax in the state from July this year.
A new bill was introduced in Ohio on May 20, proposing to both legalize online casinos and ban sweepstakes casinos.
Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion.
Minnesota has again failed in efforts to legalize sports betting. The legislative session ended Monday with no progress on a proposal by lawmakers.
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
VGW, the company behind Luckyland Casino, Chumba Casino, and Global Poker, has established a new sweepstakes casino advocate group, the Social Gaming Leadership Alliance (SGLA).
Underdog Fantasy has relaunched its draft games in New York after a two-month enforced absence. At the moment, not all daily fantasy sports (DFS) products are available, for example, against-the-house or the P2P version of the Underdog pick’em product.
A bill introduced last week in Ohio proposes making the state the first in the US to place a tax on the betting handle in addition to gaming revenue.
Light & Wonder finalized the $1.05 billion acquisition of Grover Gaming's charitable gaming assets. The deal includes a $850 million upfront payment and a potential $200 million earn-out over four years.