FanDuel Fined $125,000 By Iowa Racing and Gaming Commission
The Iowa Racing and Gaming Commission (IRGC) has fined online sportsbook FanDuel $125,000 for five violations of state laws.
Gambling Business News
DraftKings Could Launch Prediction Markets With Railbird Exchange Partnership
DraftKings is in talks to acquire Railbird Exchange, a prediction market platform that recently obtained a federal license from the CFTC.
PENN Increasingly Likely To Exit ESPN Bet Deal, Says Analyst
Analyst Jeffrey Stantial has said it is increasingly likely that PENN Entertainment opts out of its current deal with Disney to run sports betting through ESPN Bet.
DraftKings To Refund $3M To Users In Connecticut Over Bonus Dispute
DraftKings will pay users in Connecticut a total of $3 million following an investigation by the state’s Department of Consumer Protection (DCP) over bonus offers.
Flutter Secures Full Ownership Of FanDuel, Buying Out Boyd’s 5%
Flutter has announced it has secured a deal with Boyd Gaming to secure 100% ownership of FanDuel, buying out Boyd's 5% stake.
Kalshi Promoting Fake Parlays On Social Media – A Sign Of Things To Come?
Fake posts of parlays placed on Kalshi have been posted with increasing frequency on X, indicating the site may soon allow such bets.
New Meta Gambling Ad Rules Restrict Unregulated Operators
Meta has introduced new rules around gambling advertising that place increased demands on companies to meet stricter regulatory standards.
bet365 Cements Presence In Denver With $135M Office Purchase
UK-based sports betting and gaming operator bet365 has completed the purchase of a $135 million office building in Denver, cementing its place in the city.
DraftKings Stock Price Target Lowered But Remains Buy Recommendation
Investment bank Jefferies lowered its prediction for DraftKings' stock price from $60 to $53 amid betting tax increases, but maintained a buy rating.
Prediction Market Site Kalshi Valued At $2 Billion, Polymarket At $1 Billion
Rounds of funding for prediction market sites Kalshi and Polymarket value the two platforms at $2 billion and $1 billion, respectively.
PENN Entertainment Lays Off 75 Employees At theScore
PENN Entertainment has reportedly laid off 75 workers at theScore, a Canadian sports media and gaming company.
Raketech Nominates Kathryn Baker As New Chair
Gambling affiliate Raketech has nominated former Catena Media chair Kathryn Baker to be the new chair of its board.