News

NYC Council investigates prediction market ads as legal scrutiny grows

New York City lawmakers are examining how prediction market platforms advertise to consumers, as separate legal and regulatory fights continue around the sector.

Kalshi executive says platform is not a sportsbook as New York legal fight continues

Kalshi’s head of enforcement said the company is a federally regulated exchange, not a sportsbook or casino, as it pushes back against New York’s effort to shut it down.

Golden Tempo posts Saturday breeze ahead of G1 DraftKings Travers at Saratoga

Golden Tempo recorded a four-furlong workout in 48.94 seconds at Saratoga Race Course on Whitney Day as the dual classic winner continues preparations for the Grade 1 DraftKings Travers.

New York orders horse-barn fire safeguards after deadly Saratoga Casino Hotel blaze

A deadly June barn fire at Saratoga Casino Hotel has prompted New York regulators to require interim fire protections at race tracks statewide while a review panel studies longer-term safety upgrades.

Yankees strike Polymarket sponsorship as New York scrutiny of prediction markets continues

The Yankees have signed a multiyear sponsorship deal with Polymarket, bringing branding and fan activations to Yankee Stadium while New York officials keep pressing prediction markets over gambling-related concerns.

Sovereignty’s Whitney win gives Bill Mott relief, sets up Jockey Club Gold Cup target

Sovereignty rebounded with a decisive Grade 1 Whitney win at Saratoga, and trainer Bill Mott says the colt is now on track for the Jockey Club Gold Cup at Belmont Park on Sept. 18.

Munnings Express wins $200,000 Johnstone at Saratoga in stakes breakthrough

Munnings Express made a successful stakes debut at Saratoga, winning the $200,000 Johnstone for New York-bred fillies and mares by 1 3/4 lengths.

CFTC tells Kalshi, Polymarket to drop sportsbook-style odds as New York pressure builds

Federal regulators have told Kalshi and Polymarket to stop using sportsbook-style moneyline odds on sports event contracts, adding to mounting pressure as New York pursues its case against Kalshi.

Members of Congress press FanDuel to end VIP betting program after Bryce Harper controversy

Three members of Congress are demanding that FanDuel end its VIP rewards program and answer questions about how it markets to high-value bettors after a controversy involving a Bryce Harper video message sent to a gambler who later lost $1.5 million.

DraftKings holds 2026 outlook after Q2 sports results miss, points to growth in predictions and iGaming

DraftKings kept its 2026 revenue and adjusted EBITDA guidance unchanged after an $80 million Q2 revenue headwind from customer-friendly sports outcomes, while highlighting stronger-than-expected customer acquisition, predictions-market expansion, and improving iGaming momentum.