Kambi Stock Surges to 52-Week High on Strong Q1 Performance
Kambi reported improved first-quarter results as higher sports betting margins and increased betting activity helped offset ongoing partner transitions.
Rush Street Interactive Stock Reaches Record High After Strong Q1
Rush Street Interactive’s stock hit an all-time high after reporting its strongest quarter ever.
Texas Tech QB Sorsby Under NCAA Investigation
Online sports betting is again colliding with college athletics, this time involving a high-profile quarterback and potential NCAA eligibility consequences.
Coalition for Prediction Markets Addresses CFTC on Swaps Definition
The Coalition for Prediction Markets said the definition of swaps is “certainly broad enough” to include sports in its response to the Commodity Futures Trading Commission.
Caesars Sees Huge Online Casino Potential in Customer Database
Caesars still has plenty of land-based casino customers to convert into online gaming and sports betting users, CEO Tom Reeg said.
Ohio Lawmakers Propose Regulation of Prediction Markets
Ohio lawmakers introduce Senate Bill 430 to regulate prediction markets and potentially grant them sports betting licenses.
Colorado Sports Betting Rules Bill Moves to House
A bill in Colorado that adjusts sports betting rules is advancing to the House after the Senate removed details about an advertising ban.
Sports Leagues Divided on Prediction Markets
Major sports leagues are not aligned on prediction markets, and new filings with the Commodity Futures Trading Commission lay out just how wide that divide has become.
Sportradar Stock Declines on Q1 Earnings Update
Sportradar reported double-digit revenue growth Tuesday, with its core betting data business continuing to expand days after last week’s sharp stock selloff tied to allegations it works with illegal gambling operators.
Churchill Downs Sets Record Handle with $88.5 Million in Oaks Day
Derby Day betting declined slightly, ending a four-year streak of setting new all-time highs. It was another historic Kentucky Derby for Churchill Downs, with the focus this year shifting to the track rather than the betting window.
Key Events in Gambling Industry This Week
Kalshi heads into two pivotal court hearings this week as lawmakers revisit gambling bills and major operators report Q1 earnings.
Mike Repole's Multi-Faceted Goals Beyond Winning the Kentucky Derby
Reforming horse racing, growing United Football League are also priorities