News

New York challenges Kalshi as state defends regulated sports betting market

New York officials say prediction markets such as Kalshi are exposing residents to risk and bypassing the state’s gaming rules, setting up a legal fight with implications for the regulated sports betting market.

DraftKings Q2 Revenue Slips 5% Despite Higher Betting Volume and More Paying Users

DraftKings posted lower second-quarter revenue despite higher betting volume and more monthly paying users, while keeping its full-year 2026 guidance unchanged.

Brooklyn prosecutors tie Terry Rozier to gun-photo allegations in NBA betting case filing

A new Brooklyn federal court filing in the Terry Rozier betting case added allegations about social media gun photos and renewed disputes over the meaning of “GMB,” as prosecutors and defense lawyers continue to fight over the charges.

Yankees strike first MLB team deal with Polymarket for stadium signage, fan experiences

The Yankees are the first MLB club to reach a team-level agreement with Polymarket, with stadium signage set to begin immediately and the deal running through the end of the season.

New York governor attacks Kalshi’s FDA markets as state pursues $36B suit

Gov. Kathy Hochul publicly criticized Kalshi’s FDA drug-approval markets as New York continues a state lawsuit seeking $36 billion from the prediction market operator.

Flutter Q2 revenue rises to $4.33B as FanDuel owner lowers 2026 outlook

Flutter Entertainment, parent company of FanDuel, posted higher second-quarter revenue but lower earnings, cut its full-year guidance, and announced a CEO transition effective Oct. 1.

Sportradar flags slower U.S. betting growth in Q2, still raises full-year outlook

Sportradar said a slower U.S. online sports betting market and unfavorable currency exchange rates weighed on its second quarter, though the company still lifted its full-year revenue and cash flow guidance.

Flutter names Dan Taylor next CEO as Peter Jackson exits in October

Flutter Entertainment has appointed current International CEO Dan Taylor as its next group CEO, with the leadership change taking effect Oct. 1, 2026.

Sen. Katie Britt Backs Limits on Gambling Ads Seen by Minors

Sen. Katie Britt is pushing for tighter rules on sports betting ads aimed at minors, while related proposals would also strengthen age-verification tools to limit underage access.