BetMGM Q2 Results: Sports Betting Segment Stagnant
BetMGM reported no growth in its sports betting segment in Q2 this year, as active monthly users dropped by 3%.
Prediction Markets
212 Posts
BetMGM Delays $500M EBITDA Target Amid Prediction Market Uncertainty
BetMGM has delayed its goal of achieving $500 million in annual adjusted EBITDA due to regulatory uncertainty surrounding prediction markets and a more challenging competitive landscape.
Minnesota Judge Rules in Favor of Prediction Markets
Prediction markets secured a legal victory in Minnesota, blocking the state’s plan to ban most event contracts.
NFL Tells Regulator Prediction Market Sports Contract Rule-Making
The National Football League has reportedly expressed dissatisfaction with the Commodity Futures Trading Commission's recent prediction market rule-making.
Kalshi Threatens Legal Action Against Netflix
On July 26, Netflix released a new documentary on prediction markets exploring the fast-growing world of prediction markets.
Robinhood in Talks with Crypto.com for Prediction Markets Integration
Robinhood Markets is reportedly in discussions with Crypto.com to bring the digital currency exchange's prediction markets business onto Robinhood's platform.
Netflix & Kalshi Clash Over Prediction Markets Documentary
Netflix premiered its prediction markets documentary on Sunday, but Kalshi has taken exception to the filmmakers appearing to show wagers placed on the platform in violation of a Nevada court order.
CFTC Warns Prediction Markets Against Self-Certification
The U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market operators against broadly self-certifying template event contracts.
Pennsylvania Considers Regulation Over Ban for Prediction Markets
Pennsylvania lawmakers opt for regulation over bans in the prediction market debate, introducing House Bill 2711 to provide a legal framework for companies like Kalshi and Polymarket.
Polymarket MLB Referral Code: Get $50 Bonus for Dodgers vs. Mets
Polymarket MLB Referral Code: Get $50 Bonus for Dodgers vs. Mets (July 25). Experience prediction markets at Saturday's Citi Field showdown and receive a $50 trading bonus by using the HANDLE code.
Kalshi Accused of Exploiting Child Protection Bill
Last week, lawmakers introduced the Facial Recognition to Protect Children Act alongside Kalshi CEO Tarek Mansour. While promoting the legislation as a way to protect children, accusations have surfaced that the bill could allow prediction markets to expand further into sports and gaming.
Pennsylvania Bill Targets Insider Trading on Prediction Markets
Two dozen Pennsylvania state representatives are endorsing the latest legislative effort to ban insider trading on prediction markets following high-profile cases alleging ill-gotten profits.