Gambling Business News

Is Kalshi Sports Betting in Disguise? NJ’s Cease-and-Desist Letter Explained

 On March 27, 2025, the New Jersey Division of Gaming Enforcement (NJDGE) issued cease-and-desist letters to Kalshi and Robinhood, alleging unauthorized sports wagering activities within the state. This action raises questions about the distinction between regulated trading platforms and illegal sports betting operations. Breaking news: New Jersey sends cease and desist letters to Kalshi, Robinhood. […]

Endeavor Sells OpenBet in $450M Management-Led Buyout

OpenBet has completed a management buyout (MBO) from Endeavor Group Holdings. The deal gives OpenBet full independence under CEO Jordan Levin and other senior leaders. The sale was finalized for approximately $450 million on March 24, 2025. What is OpenBet? OpenBet provides sportsbook technology and services to operators like DraftKings, FanDuel, and William Hill. Its […]

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