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DraftKings CEO Discusses Expansion Through Prediction Markets in Q3 2025 Update

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DraftKings’ Co-Founder and CEO, Jason Robins, underlined the potential for prediction markets to drive the legalization of iGaming and sports betting in the US in the company’s Q3 2025 earnings letter. The update discussed Robins’ plans to launch the new DraftKings Predictions platform “in the coming months”. The company’s expected sports events contracts platform will […]

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PENN Entertainment and ESPN Reach Early Termination Agreement for US Online Sports Betting Agreement

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Entertainment company and gambling operator PENN Entertainment and sports media conglomerate ESPN have announced a mutual decision to prematurely terminate their exclusive US online sports betting agreement, effective December 1 this year. The original commercial agreement, which was announced back in August 2023, carried an initial ten-year term and included a clause that enabled either

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Suspicious Odds Activity Leads to Losing Bettors Receiving Refunds

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Sportsbooks have issued refunds for losing wagers on a Las Vegas UFC fight after detecting suspicious betting activity. Both William Hill and Caesars sportsbooks have issued refunds to bettors after Isaac Dulgarian saw his favourites drop from -250 to a less promising -150 in the hours leading up to his featherweight fight against Yadier de

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DraftKings Expands into Prediction Markets with Acquisition of Railbird

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Sports betting, iGaming, and daily fantasy sports operator DraftKings has confirmed the acquisition of the federally regulated trading exchange Railbird. The events contracts exchange platform is designated by the Commodity Futures Trading Commission (CFTC), making it one of the few exchanges in the US authorized to offer trading on real-world outcomes under federal oversight. This

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BetMGM Extends Partnership with Pittsburgh Steelers to 2029 Season

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Sportsbook and iGaming operator BetMGM has extended its partnership with the NFL’s Pittsburgh Steelers and will remain the official sports betting, online casino, and gaming partner through to the 2029 season. The agreement will also continue the Decade of Black & Gold Sweepstakes, a competition for Pittsburgh and West Virginia fans who can enter by

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Kalshi Announces Global Launch as Valuation Hits $5 Billion

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Prediction market platform Kalshi has raised $300 million in its Series D funding round, valuing the prediction site at $5 billion.  Investors included venture firms Sequoia Capital, Paradigm, CapitalG, Coinbase Ventures, as well as a new investor in Andreessen Horowitz. The latest funding follows on from a Series C funding round in June, which granted

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New York Casinos Generate $57.6 Million in September, NYC License Battle Heats Up

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New York commercial casinos generated $57.6 million in September, a 3.1% increase from the $55.9 million generated in 2024.  The figures, published by the New York State Gaming Commission, revealed that of this total, slots generated $40.7 million, a 3.5% increase year-on-year, and table games also saw a 5.9% rise, generating $15.2 million.  Rivers Casino

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Kansas Raises $26M Professional Sports Fund, Driven by Sports Gambling

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Kansas has amassed over $26 million in a fund, built from sports gambling revenue, dedicated to attracting professional sports teams to the Sunflower State.  The Attracting Professional Sports to Kansas Fund aims to draw in sports teams, particularly those located in Missouri, including the Kansas City Chiefs and Kansas City Royals. Kansas lawmakers have been

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FanDuel Becomes Official Odds Provider for NBA, WNBA in Amazon Partnership

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FanDuel has announced its partnership with Amazon, becoming the official odds provider for the NBA and WNBA on Prime Video.  The deal is an effort to increase viewership from basketball fans. The new bet tracking feature provided by FanDuel will keep fans informed about all live odds for games. It will also allow fans who

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Underdog Announces Responsible Gaming Partnership with Sportradar

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Daily fantasy sports (DFS) operator Underdog has partnered with sports data and technology group Sportradar to incorporate the responsible gambling tool Bettor Sense in an effort to identify those who show signs of gambling addiction.   Launched in July of this year, Sportradar’s AI-powered tool identifies excessive gambling through client activity. Care services through the addiction

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