FanDuel Owner Slashes Guidance as EBITDA Drops 45% and CEO Steps Down
Flutter Entertainment cuts 2026 guidance by $210M and names a new CEO as Q2 adjusted EBITDA collapses 45% amid US margin pressure and higher UK taxes.
Gambling Industry News
Federal Courts Split on Whether Kalshi Contracts Are Swaps or Illegal Gambling
Courts in five states have reached conflicting rulings on Kalshi's sports contracts, fueling a multi-circuit battle that may require Supreme Court intervention.
Polymarket Lands Exclusive LIGA MX Prediction Market Rights in US
Polymarket secures exclusive LIGA MX prediction market rights in the US, with Genius Sports supplying official data and integrity infrastructure for all contracts.
Flutter Drops LSE Listing, Moves to NYSE-Only Trading
Flutter Entertainment's shares were removed from the London Stock Exchange on August 3, 2026, leaving the group solely listed on the NYSE under ticker FLUT.
Betsson Lands Canadian Brands and B2B Tech Stack in €64.5M Rhino Deal
Betsson has closed its €64.5M purchase of Rhino Entertainment's Canadian B2C brands and proprietary tech, boosting its Ontario presence ahead of Alberta's launch.
HKEX Adds Governance Conditions to Century Entertainment Share Suspension
HKEX has imposed additional resumption conditions on Century Entertainment after internal control failures tied to its online gaming expansion delayed FY2026 audit results.
VICI and Caesars Reveal 50-Acre Strip Arena Bid for NBA Expansion
VICI Properties CEO John Payne confirmed a joint bid with Caesars to build an NBA arena on a 50-acre Strip parcel behind Paris, Horseshoe and Planet Hollywood.
Fanatics Buys BGC Exchange and Clearing Assets to Power Prediction Markets Push
Fanatics Markets gains full exchange and clearing control after acquiring Water Street Labs and CX Clearinghouse from BGC Group in a CFTC-pending deal.
Sportsbetting News
Prediction Market Pressure Forces BetMGM to Push Back Profit Goals
BetMGM cuts its 2026 outlook and pushes its $500M profit target beyond 2027, blaming prediction market competition and rising customer acquisition costs.
USA Casino & Gambling Industry News
IG Group’s $1.3bn Underdog Deal Targets US Prediction Markets Boom
IG Group acquires Underdog Sports for up to $1.3bn, gaining a rare CFTC licence stack and a top-three US prediction markets position across 30 states.
UK Gambling & Casino Industry News
Betfred Shuts 132 Shops, Putting 600 Jobs at Risk as Costs Bite
Betfred is closing 132 UK betting shops and risking 600 jobs, citing National Insurance hikes, gambling tax rises and wage inflation as key drivers.
Gambling Business News
Kentucky Derby Fuels CDI’s Record $980M Quarter and 11% Profit Jump
Churchill Downs hit all-time record Q2 revenue of $980M in 2026, with Derby Week viewership and wagering driving an 11% net income rise year-on-year.
Regulation
Brazil’s Workers’ Party Bills Target Casino Games and Fixed-Odds Betting
Workers' Party legislators have filed two bills that could strip online casino games — and even fixed-odds betting — from Brazil's regulated market under Law 14,790/2023.
Gambling Industry News
New Jersey Gets More Time to Challenge Third Circuit’s Kalshi Ruling
Justice Alito sets a September 3, 2026 deadline for New Jersey to file its cert petition challenging the Third Circuit's Kalshi prediction markets ruling.
Gambling Industry News
State Legislators Demand Federal Crackdown on Prediction Markets
NCLGS unanimously passed a resolution urging Congress to declare prediction markets illegal gambling and return oversight to state and tribal governments.