Betting

Commodity Futures Trading Commission Chair Michael Selig said prediction markets and sportsbooks are “two separate things,” according to Nathan Bomey of AXIOS. Selig said that he will treat prediction markets “as financial products,” arguing that “most people aren’t using prediction markets for ‘ent...

DraftKings saw “strong engagement from a growing roster of customers in the past year,” and on Thursday reported a profit of $21.1M compared with a loss of $33.9M in the same quarter a year earlier. Total quarterly revenue surged 17% to $1.65B, topping forecasts for $1.63B, per FactSet. The company’...

FanDuel CEO Amy Howe “has been ousted from that post” after five years at the company, with FanDuel President Christian Genetski set to “step in to lead the company,” according to Contessa Brewer of CNBC.com. A veteran of Live Nation and McKinsey, Howe brought “experience guiding companies in transi...

FanDuel CEO Amy Howe “has been ousted from that post” after five years at the company, with FanDuel President Christian Genetski set to “step in to lead the company,” according to sources cited by CNBC.com. Howe has “overseen FanDuel during a time of dramatic expansion in sports gambling and other o...

Legal U.S. handle for March is pacing behind year-on-year results for the third time in four months, down 4% with Illinois, Colorado, Virginia and Arizona still to report. Since I had EKG’s Chris Grove on the phone anyway, I asked him about the trend, which frequently has been chalked up to bettors ...

A new report creates a metric that enables firms to track sports betting on Kalshi that's akin to the traditional sportsbook handle. With it, Kalshi's March Madness performance made it No. 4 in handle among all the online sportsbooks.

A new subscription product that leading gambling research firm Eilers & Krejcik Gaming debuted this week examines prediction market operators such as Kalshi in the context of the broader sports betting business.

The NFLPA, MLBPA, NBPA, NHLPA and MLSPA in a letter to Commodity Futures Trading Commission Chair Michael Selig wrote that while the CFTC allows prediction markets to offer sports-related contracts, it should implement “appropriate regulations that protect professional athletes and their families ak...

FanDuel was “late” to the prediction markets table when the company’s first move came last summer, and now it is “racing to catch up,” according to Christopher Palmeri of BLOOMBERG NEWS. FanDuel’s prediction app -- FanDuel Predicts -- went live in all 50 states in January. Palmeri wrote FanDuel Pred...

Federal prosecutors “intend to bring new charges against” NBA free agent G Terry Rozier related to the sports gambling case against him and others. A lawyer in the U.S. Attorney’s Office for the Eastern District of N.Y. said Monday that it “intends to file a superseding indictment” against Rozier, a...