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.
Sportsbetting News
Betway Announces Four-Year Sponsorship Extension With South Africa Rugby
Betway has announced a four-year sponsorship extension with South Africa rugby to broaden its coverage across the country’s program. Betway, widely regarded as one of the best betting sites in the UK, renewed its partnership with the national team which will now stretch further. The sponsorship had previously only applied to the Springbok men and […]
New Jersey Lawmakers Agree To Raise Taxes On Gambling Companies
New Jersey looks set to raise its taxes on online casinos and sports betting with lawmakers reportedly agreeing to a new rate of just under 20% in the state's proposed budget.
IGA Chair Calls Kalshi CEO ‘A Lying Little Twerp’ In Ongoing Battle
In the ongoing feud between tribal leaders and prediction market sites, the chair of the Indian Gaming Association (IGA) has called Kalshi CEO Tarek Mansour, "a lying little twerp".
SIS Increase Irish Greyhound Deal to 2028 With Greyhound Racing Ireland
Greyhound Racing Ireland have reported they’ve signed a deal with SIS to extend coverage of the sport in the country to 2028 – meaning over 500 races will be shown per month for betting operators. SIS and GRI Deal To Include Live Data Rights From 10 Irish Greyhound Tracks Sports Information Service (SIS), who deliver […]
Honolulu Signs 3 Bills Into Law Targeting Illegal Gambling
Three bills targeting illegal gambling in Honolulu were signed into law by Mayor Blangiardi on Thursday.
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.
Malta Gaming Authority Defends Bill 55 Against European Commission
The Malta Gaming Authority (MGA) has issued a statement defending Bill 55, which protects gambling companies in the country, in response to a European Commission letter of formal notice.
Drake Criticized For Showing Gambling Losses Of Over $8 Million This Month
Drake has been criticized for posting his gambling exploits on Instagram, showing losses of over $8 million for the month from bets of $124 million.
Louisiana Governor Signs Off On Bill Increasing Sports Betting Tax
Gov. Jeff Landry signed off on a tax increase on sports betting in Louisiana, raising the rate to 21.5% from the current 15%.
DraftKings First Sportsbook To Launch Federal PAC
DraftKings announced that it is launching its own federal PAC, becoming the first sportsbook to make such a move.
WTA, ITF Demand Betting Companies Combat Gambling-Driven Abuse Of Tennis Players
The Women’s Tennis Association (WTA) and International Tennis Federation (ITF) want betting companies to crack down on gambling-driven abuse of players. According to a joint report released by the pair, tennis players received abuse so threatening over the course of the 2024 season that 15 cases were escalated to law enforcement agencies. Of those cases, […]