Kalshi Loses Nevada Court Battle Over Prediction Markets
Nevada judge overturns ruling protecting Kalshi from state gambling laws, sparking appeals and nationwide legal battles.
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DraftKings Misses Targets and Slashes 2025 Forecast Amid Competition Pressures
DraftKings reports disappointing Q3 results with revenue missing estimates by $80M, cuts full-year guidance by $300M, and faces rising competition from prediction markets.
ESPN Switches Betting Partners: DraftKings is In, Penn is Out!
ESPN Bet (Penn) is out due to low popularity. ESPN switches to DraftKings as the exclusive betting partner starting in December.
BofA Downgrades DraftKings to Neutral, Cuts Price Target to $35
BofA cuts DraftKings rating to Neutral from Buy and lowers the price target to $35 from $48, citing four key concerns about volatility, iGaming, taxes, and market sentiment.
Polymarket Prepares US Return Focusing on Sports Betting
Prediction market Polymarket is planning to return to the US, focusing on sports betting. Launch expected by late November, following regulatory updates and acquisitions.
Crypto.com’s Nevada Setback Signals Shift in Prediction Market Regulation
Crypto.com was blocked in Nevada from offering sports prediction contracts without a license. This challenges the claim that these markets are federal "swaps", suggesting courts are backing state gambling regulation over federal market rules.