DraftKings Plans Micro Betting Prediction Markets Expansion
DraftKings is focusing on the future of betting by exploring fast-paced micro markets as the next frontier in sports prediction markets.
Markets
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Lottomatica Grows Market Share Amid Italy's Regulated Betting Shift
Lottomatica's Q1 financials may offer a mirror image of the wider Italian betting market, which continues to adjust to a new regulatory regime adopted in November 2025.
XO Market Raises $6M in Funding for 'YouTube of Predictions
XO Market, a company positioning itself as “the YouTube of prediction markets”, has raised $6m (£4.4m) in a seed funding round led by 20VC and Picus Capital.
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.
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.
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.
Genius Sports Completes $1.2bn Legend Acquisition
Genius Sports has successfully concluded the $1.2bn acquisition of Legend, despite challenges affecting its stock performance. The acquisition was finalized in February 2026, allowing Genius Sports to enhance its worldwide footprint.
Evoke's Full Year Financials Show Mixed Picture
Evoke's full year financials show a mixed outlook as the company seeks a buyer, released at a peculiar time compared to its competitors.