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ReadWriteby ReadWrite·16d ago

VGW, the operator behind Chumba Casino, LuckyLand Casino, and Global Poker, has escalated its political spending in Alabama, donating $100,000 to US Sen.

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ReadWriteby ReadWrite·16d ago

DraftKings’ continued push into prediction markets could cost the company its tribal sportsbook partnerships, according to Indian Gaming Association Chair Victor Rocha, who predicts the operator...

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ReadWriteby ReadWrite·16d ago

Robinhood is expanding its prediction-markets business through a multiyear partnership with Crypto.com and its OG.com platform, and began routing selected football event contracts to OG.com on...

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ReadWriteby ReadWrite·17d ago

Polymarket’s U.S. betting platform was targeted in a stolen-card fraud scheme that attempted to siphon off at least $10 million, according to The Wall Street Journal.

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ReadWriteby ReadWrite·17d ago

Lead The House Ways and Means Committee advanced a bipartisan crypto tax bill that includes a reversal of the gambling-loss deduction limit enacted in the One Big Beautiful Bill.

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ReadWriteby ReadWrite·17d ago

Lead Ohio’s stalled push to legalize online casinos has a new proposal attached to it: allow digital operators to run promotions only when those promotions direct players toward the state’s...

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ReadWriteby ReadWrite·18d ago

DraftKings built a machine-learning model in 2023 using customer betting records to identify which gamblers were more likely to respond to promotions by betting – and losing – more, according to a...

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ReadWriteby ReadWrite·18d ago

Hyperliquid’s open interest reached a record $16.36 billion, according to BlockBeats, as the exchange’s push beyond crypto perpetual futures into stocks and prediction markets drew fresh trading...

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ReadWriteby ReadWrite·18d ago

Underdog has filed a federal lawsuit against Connecticut officials after the state ordered the company to stop offering sports-event contracts, escalating a fight over who has authority to regulate...

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ReadWriteby ReadWrite·19d ago

The Tunica-Biloxi Tribe of Louisiana launched a prediction market app on Sep. 18 through its newly formed subdivision, SaltTrade Derivatives, a move Kalshi describes as the first time a sovereign...

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ReadWriteby ReadWrite·19d ago

Genius Sports has launched Prediction.com, a consumer platform built through its Legend business that lets users compare equivalent event contracts across multiple prediction-market venues and...

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ReadWriteby ReadWrite·19d ago

Missouri Attorney General Catherine Hanaway is pursuing cease-and-desist action against prediction-market companies operating in the state, while Montana has agreed to pause enforcement against...

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ReadWriteby ReadWrite·20d ago

BMLL and Kalshi have formed a strategic partnership that folds Kalshi’s historical prediction-market data into BMLL’s standardized capital-markets data environment, giving quantitative research...

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ReadWriteby ReadWrite·20d ago

The Commodity Futures Trading Commission issued new guidance on September 17 that could widen online access to cryptocurrency and prediction-market trading by exempting certain software providers...

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ReadWriteby ReadWrite·21d ago

State Rep. Travis Weaver, R-Peoria, filed House Bill 5814 on Monday to repeal an Illinois tax on sports wagering and fantasy contests. The measure targets a levy Gov. J.B.

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ReadWriteby ReadWrite·21d ago

Lead Robinhood’s futures and prediction-markets vice president and general manager, JB Mackenzie, said trading activity in prediction markets was rising ahead of the Federal Reserve’s rate...

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ReadWriteby ReadWrite·21d ago

The Ninth Circuit ruled 3-0 in favor of the Blue Lake Rancheria and Chicken Ranch Rancheria of Me-Wuk Indians on Wednesday, reversing a lower court’s denial of a preliminary injunction concerning...

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ReadWriteby ReadWrite·22d ago

The California Nations Indian Gaming Association urged Senate Majority Leader John Thune, R-South Dakota, and Minority Leader Chuck Schumer, D-New York, not to bring up the CLARITY Act on Tuesday...

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ReadWriteby ReadWrite·22d ago

Lead The Texas Senate State Affairs Committee heard testimony Tuesday on whether online prediction markets such as Kalshi should be treated as federally regulated financial exchanges or as gambling...

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ReadWriteby ReadWrite·22d ago

The U.S. Senate rejected a procedural motion needed to advance the CLARITY Act on Tuesday, blocking legislation that tribal-gaming operators and lawmakers said was a crucial step toward stopping...

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