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Daily reporting on regulation, launches, and market moves across prediction markets, crypto, sweepstakes, and DFS — curated, never reposted.
Midnite Eyes Canada With Ex-FanDuel Director at Helm
Midnite has hired ex-FanDuel Canada director Dale Tang to lead its debut international push into Canada. The move marks the 2015-founded operator's clearest overseas ambition yet.
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Betting13h agoCFTC Flags Manipulation Risk in Prediction Markets
Manipulation risk topped the CFTC's inaugural Innovation Advisory Committee agenda this week. The focus signals tighter oversight ahead for fast-growing prediction market platforms.
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BreakingBetting17h agoFlorida AG Sues Stake and VGW Over Illegal Gambling
Florida AG James Uthmeier sued Stake and VGW this week, alleging their sweepstakes platforms operate as unlicensed gambling. A ruling could reshape the U.S. sweepstakes casino market.
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- Betting3d ago
CFTC IAC Debuts With Fractious Prediction Markets Talk
The CFTC's Innovation Advisory Committee held its first meeting on Aug. 21, 2026, with prediction markets sparking the sharpest debate.
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Betting3d agoKalshi Pulls Sports Markets in Washington After Court Order
Betting4d agoFanDuel, GeoComply Renew Deal Before NFL Season
BreakingBetting4d agoFlorida AG Sues Stake and VGW Over Sweepstakes Casinos
Betting4d agoCFTC Committee Sets Prediction Market Rules Debate
BreakingBetting5d agoNovig Sues Five States After Prediction Market Launch
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BreakingBetting5d agoBetano CEO in Talks to Buy Bristol City Stake
Kaizen Gaming CEO George Daskalakis is reportedly in talks to acquire a large stake in Bristol City, per Sky News. No deal terms have been confirmed.
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Betting5d agoDraftKings Builds Parlay-Style Combos for Predictions
DraftKings is building proprietary combo products for its prediction platform as volume climbs. The move mirrors the parlay strategy that drove sportsbook margins.
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BreakingBetting5d agoAristotle Sues Underdog Over IG Group's $1.3B Deal
Aristotle International has sued Underdog Fantasy over IG Group's $1.3B acquisition. The dispute centers on exchange and clearinghouse tech Aristotle sold to Underdog.
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BreakingBetting5d agoKenneth Dart's Candle Lake Takes 5.8% Stake in DraftKings
Kenneth Dart's Candle Lake has acquired a 5.8% stake in DraftKings, the sixth-largest listed gambling firm by market cap, as of August 2026.
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BettingAug 13Tribes Take on Prediction Markets Over Sovereignty
Tribes raised sovereignty alarms over prediction market sports contracts at an IGA webinar this week. The IGA is coordinating a unified legal and legislative response.
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BreakingBettingAug 12Congress Pressures MLB Over Harper-FanDuel Ad Row
Congress sent MLB a formal letter on Aug 11, 2026 demanding policy changes over a Bryce Harper FanDuel video. Operators face potential limits on athlete-driven betting promotions.
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BreakingBettingAug 11Novig Sues New York to Block Gambling Law Enforcement
Novig sued New York this week to block gambling law enforcement after relaunching as a sports prediction market. A ruling could set nationwide precedent.
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BettingAug 11CFTC Tells Prediction Markets to Drop Sportsbook Odds
The CFTC warned prediction markets this week that formatting event contract prices as sportsbook-style odds likely misleads users and may violate federal rules.
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BettingAug 11Casino-Style Prediction Markets Draw Regulator Fire
Regulators warn prediction markets are eyeing casino-style contracts. A legal collision with state gaming authorities could reshape the sector fast.
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BettingAug 11Iowa Fines FanDuel $95,000 for Soccer, Basketball Errors
Iowa's IRGC fined FanDuel $95,000 for soccer and basketball betting violations. The penalty adds to a pattern of infractions in the Hawkeye State.
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BettingAug 11Coinbase Loses Michigan Injunction Bid on Sports Contracts
A Michigan federal court denied Coinbase a preliminary injunction on sports event contracts this week, adding to unfavorable state rulings for prediction markets.
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BettingAug 10Entain H1 2026 Results Due Amid Regulatory Storm
Entain releases H1 2026 results this week under dual pressure from regulatory issues and share price decline. The figures cover Ladbrokes, bwin, and PartyPoker.
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BettingAug 8Kalshi Loses in Utah as Novig Sues New York
Kalshi lost in Utah, Coinbase stumbled in Michigan, Novig launched then sued New York, and the Yankees partnered with Polymarket — all in one week.
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BettingAug 7DraftKings CEO Bullish on Predictions Despite Earnings Dip
DraftKings CEO Jason Robins flagged outperforming prediction market growth on Q2 earnings call. Minimal user overlap with sportsbook signals a new audience.
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BettingAug 7DATA.BET Posts Esports GGR Gains, Launches Prediction Markets
DATA.BET reported a sharp esports GGR rise in Q1 2026 and confirmed a prediction markets product rollout, signaling broader ambitions beyond its core vertical.
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BettingAug 7Scientific Games, Continent 8 Name New CEOs
Scientific Games and Continent 8 appointed new chief executives this week. Novig hired Adam Warrington as its prediction market goes live.
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BettingAug 6Schneider: Wire Act Is the Missing Piece in Prediction Markets Talk
Sue Schneider argues the Wire Act must anchor prediction-markets regulation. The 1961 statute poses real interstate legal exposure operators are ignoring.
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BettingAug 5SBC Launches Standalone Prediction Markets Forum
SBC will hold the Global Prediction Markets Forum on Oct. 1 in Lisbon alongside SBC Summit. The event targets operators, regulators, and investors in a fast-moving sector.
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BettingAug 5Novig Goes Live in 47 States as CFTC-Regulated Exchange
Novig launched its sports prediction market across 47 states on Aug. 4, 2026, weeks after earning a CFTC designated contract market licence.
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BettingAug 4Analysts Flag Risks in IG Group's Underdog Acquisition
City analysts back IG Group's Underdog deal as transformative but warn regulatory risks could compress returns. BofA and Numis flagged material valuation uncertainty.
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BettingAug 4Fanatics Buys Water Street Labs for Prediction Markets
Fanatics is acquiring CFTC-registered Water Street Labs to bring prediction market infrastructure in-house. The move mirrors a wider industry push for vertical integration.
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BreakingBettingAug 4Federal Judge Blocks Minnesota's Prediction Market Ban
A federal judge blocked Minnesota's prediction market ban this week, finding federal law likely overrides the state prohibition. The ruling has national implications for CFTC-regulated platforms.
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BreakingBettingAug 3IG Group Buys Underdog Sports for $1.3B
IG Group acquired Underdog Sports for $1.3B this week. The deal rewards Underdog's pivot from DFS to prediction markets in late 2025.
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BettingAug 1Santos Pays $35K to Close CFTC Kalshi Market Probe
George Santos settled a CFTC probe for $35,000 over alleged Kalshi prediction market manipulation. He admitted no wrongdoing.
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BettingJul 31Appeals Court Clears New York to Pursue Kalshi
A New York appeals court cleared the state to pursue Kalshi this week as litigation spread across five jurisdictions. The Sixth Circuit's Ohio-Tennessee ruling could set binding national precedent.
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BreakingBettingJul 31IG Group Buys Underdog for $1.1bn to Enter US Markets
IG Group acquires Underdog for $1.1bn, combining retail trading with US prediction markets. The deal signals institutional conviction in America's fast-growing sector.
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BettingJul 31Minnesota Prediction Market Ban Blocked by Federal Court
A federal court blocked Minnesota's prediction market ban this week, giving Kalshi, Polymarket, and the CFTC another early win. The decisive preemption ruling still lies ahead.
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BettingJul 29BetMGM Delays $500M EBITDA Goal Past 2027
BetMGM says prediction market rivalry will delay its $500M EBITDA goal beyond 2027. The slip reshapes the investment case for MGM Resorts and Entain.
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BettingJul 25Pennsylvania Bill Targets Prediction Market Insider Trading
Pennsylvania's HB 2711 targets prediction market insider trading with $1M daily penalties. The bill heads to committee as of July 2026.
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BettingJul 24Illinois and Kentucky Set New DFS Regulation Blueprint
Illinois and Kentucky passed DFS legislation in summer 2026 that could serve as a national template. Legal clarity may accelerate licensing and reduce operator risk.
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BettingJul 24Netflix Doc Fuels Kalshi Backlash Amid Regulatory Storm
A Netflix documentary sparked pushback against Kalshi as the CLARITY Act, a Wisconsin betting row, and a lottery warning hit simultaneously. July 24, 2026 marks a pivotal week.
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BettingJul 24Underdog Cuts Third Parties With Own Prediction Exchange
Underdog launched its in-house prediction markets exchange this week, ending reliance on third-party platforms after acquiring Aristotle Exchange DCM.
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BreakingBettingJul 23Crypto.com's OG Sues Washington Over Event Contract Ban
Crypto.com's OG filed a federal suit against Washington state on July 22, 2026, two days after a court blocked Kalshi's sports event contracts.
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BettingJul 23World Cup Final Breaks Soccer Betting Records at BetMGM, DraftKings
The 2026 World Cup Final became the most-bet soccer match ever at BetMGM and DraftKings. Spain defeated Argentina 1-0 on July 19.
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BettingJul 22Lotteries Demand Gambling Licenses for Prediction Markets
Two major lottery trade groups are urging regulators to require prediction market platforms to hold gaming licenses. The move could reshape compliance obligations across the sector.
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BettingJul 22SBC Summit Tbilisi 2026 Puts Georgia on iGaming Map
SBC Summit Tbilisi 2026 ran 15–16 July, centering on regulatory exchange and senior networking across Eastern Europe and Central Asia.
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BreakingBettingJul 22CFTC's Kalshi Order Called 'Extraordinary' in Congress
Two ex-CFTC counsels told Congress on July 21, 2026 the commission took an unprecedented step ordering Kalshi to defy a Michigan court ruling.
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BettingJul 21NIGC Reports Record $46.2B Tribal Gaming Revenue
U.S. tribal gaming reached a record $46.2B in FY2025, per the NIGC. The $2.3B year-over-year gain raises stakes for commercial and online operators.
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BettingJul 21DraftKings Sues Philadelphia to Block Consumer Subpoena
DraftKings filed a federal lawsuit this week to stop Philadelphia enforcing a consumer protection subpoena. The case could set a precedent for city-level sportsbook oversight.
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BettingJul 20Underdog Launches UDX Prediction Market Exchange
Underdog launched UDX, its own in-house prediction market exchange, this week. The move vertically integrates the DFS operator into exchange-based sports trading.
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BettingJul 17DraftKings Wins NFA Approval as House Eyes Prediction Markets
DraftKings gained NFA approval for event contracts as the U.S. House prepared to debate prediction markets regulation in July 2026.
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