Prediction Markets Kalshi, Polymarket Hit $50 Billion Trading Milestone
Kalshi and Polymarket achieved a combined $50.6 billion in trading volume during July, marking an all-time high for prediction market platforms and a 7.8% increase from June’s $47 billion. Kalshi held the dominant position with $37.7 billion in volume, representing a 14% jump from the previous month. The Kalshi prediction market and its competitor More...
Kalshi Faces Lawsuit as New York Calls Prediction Markets Illegal
New York’s attorney general filed a lawsuit against Kalshi on Friday, alleging the platform operates illegal gambling markets without proper state authorization. The legal action claims the company failed More...
Caesars Entertainment Reports Revenue Drop Amid $17.6B Buyout Deal
Caesars Las Vegas Caesars Entertainment has reported a revenue decline for its second quarter as the casino operator awaits the completion of a $17.6 billion buyout deal. The mixed financial results come at a critical More...
Sports Betting Industry Pours $72 Million Into US Midterm Elections
According to reports the sports betting industry has injected over $72 million into US midterm elections, marking one of the most aggressive lobbying campaigns in recent political history. Companies within the industry More...
Pennsylvania Moves to Regulate Prediction Markets, Allows Sports Wagering
Pennsylvania prediction markets are set to operate under a comprehensive regulatory framework as Rep. Tarik Khan introduces HB 2711, addressing a sector that has seen varying state approaches. The bipartisan bill, More...
Pilot Games Receives Notice of Allowance for Second U.S. Patent
Pilot Games has today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for Pilot’s patent application covering its Standard Animated Roll-up for Electronic More...
Michigan Sportsbooks Post 5.63% Hold Rate in June 2026
Michigan sportsbooks took $372,480,495 in wagers in June 2026 while recording a 5.63% hold rate, a modest improvement from May’s 5.17% hold. The June handle represented a decline of $92.3 million, or 19.9%, More...
Independent Watchdog Identifies 7 FIFA World Cup Betting Issues FIFA Overlooked
FIFA World Cup betting oversight faced unexpected challenges when an independent watchdog identified seven potential irregularities during the 2026 tournament, directly contradicting FIFA’s claim of zero suspicious More...
Las Vegas Sands Stock Slides on Disappointing Q2 Results
Las Vegas Sands suffered a 3% decline in share value following the casino operator’s second-quarter earnings and revenue miss. The company’s Q2 financial performance fell short of market expectations, More...
Washington Court Halts Kalshi Sports Prediction Markets
Kalshi faces a major regulatory setback as a Washington state court has granted a preliminary injunction blocking the platform from offering sports-related prediction markets to state residents. Judge McHale rejected More...