News

Churchill Downs to Buy Remaining United Tote Stake as It Reviews Casino Portfolio

Churchill Downs said it will acquire NYRA Content Management Solutions’ remaining 49% stake in United Tote, restoring full ownership of the wagering technology company, while separately exploring options for nine gaming properties.

Congress Signals More Scrutiny for Sports Event Contracts After House Hearing

A House Agriculture subcommittee hearing put sports event contracts under fresh scrutiny, with Rep. Dusty Johnson saying Congress should not stay silent as lawmakers and witnesses split on whether the products are regulated prediction markets or unlicensed sports betting.

Prediction market firms and casino lobby ramp up 2026 spending as Congress weighs rules

Federal lobbying around prediction markets is accelerating in 2026, with Kalshi, Polymarket-linked advocates and casino interests all spending more as Congress and the CFTC debate how event contracts should be regulated.

Washington injunction against Kalshi adds to pressure as New York case remains in focus

A Washington state judge granted a preliminary injunction blocking Kalshi from offering event contracts in the state, the latest court setback for the prediction market platform as disputes over state gambling laws continue, including in New York.

FanDuel, DraftKings seek dismissal of Philadelphia gambling addiction lawsuit

FanDuel and DraftKings have asked a Philadelphia court to throw out a lawsuit from two bettors who allege the operators’ mobile sportsbook products and microbetting features contributed to gambling addiction.

Batavia Downs Gaming, Western Regional OTB map out three- to five-year growth plan

Batavia Downs Gaming and Western Regional Off-Track Betting leaders say a new strategic planning effort is meant to align the board and management around growth priorities for the next three to five years.

Commentary says prediction markets remain closely tied to sports gambling

A new industry commentary argues prediction markets are still overwhelmingly associated with sports gambling, despite growing publicity around business hedging examples such as a New York City bar using Kalshi during the NBA Finals.

New Jersey lawmakers renew effort to ban microbetting

New Jersey lawmakers say they plan to revive legislation that would ban microbetting, a fast-paced form of live sports wagering that critics say can worsen problem gambling.

Kalshi’s New York legal setback lands as World Cup betting lifts June handle

Kalshi said the World Cup brought major customer growth and trading volume, but the prediction-market operator is still facing legal pressure in New York and other states.

Aristocrat takes Lightning Link online across regulated North American markets

Aristocrat says its Lightning Link slot franchise is moving online in North America, starting with Lightning Link High Stakes across regulated U.S. and Canadian markets.