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
Caesars Ends Credit Card Deposits
Caesars Entertainment has ceased accepting credit card deposits across its U.S. online gambling brands, following an industry trend.
Iowa, Louisiana Pass Enforcement Bills as Minnesota Advances Sweeps
Minnesota advanced sweepstakes and prediction market bans, Iowa and Louisiana moved enforcement bills, and New York pushed new responsible gambling measures.
Churchill Downs Inc. Impact on Kentucky Derby Week
With the Kentucky Derby set for Saturday, Churchill Downs has been in the headlines this week. So too, as always, have prediction markets.
Federal Authorities Uncover Northern Indiana Illegal Gambling Ring
Federal authorities have revealed new details about an alleged Northern Indiana gambling ring, including the use of credit betting, local businesses, and intimidation tactics.
Erin Andrews Joins FanDuel RG Ambassador Program
FanDuel has expanded its RG Ambassador program through a new partnership with respected sports broadcaster Erin Andrews.
North Carolina’s Lumbee Tribe Advances Casino Amendment
The Lumbee Tribe of North Carolina’s leadership voted to amend its constitution, a formal step towards a potential casino.
Sports Leagues, Players Unions Seek Tighter Control Over Prediction
U.S. sports leagues and players’ unions are urging the CFTC to adopt stricter oversight and safeguards over sports-event contracts, while calling for a direct role in enforcing them.