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News
DraftKings Could Generate $57M in NFL Prediction Market Exchange Fees
2+ day, 13+ hour ago (537+ words) Just two of NFL Week 1 games are in the books, but it’s already clear the most wagered-on sport in the U.S. is likely to drive a tidal wave of prediction market activity this season. In a report out late Friday,…...
Brendan Sorsby Opens Up About Gambling Addiction in New Doc
3+ day, 18+ hour ago (767+ words) Mark Keast Mark is a long-time, seasoned journalist, as a writer and editor, working for several Toronto daily newspapers, then moving over to the digital arena, covering both sports and business. Over the past few years he moved over to…...
Illinois Gamblers Who Formerly Self-Excluded Can't Be Targeted
3+ day, 19+ hour ago (393+ words) Gamblers in Illinois who previously used the state’s Self-Exclusion Program (SEP) would remain free from marketing materials from gaming operators for a period after their exclusion ends under a proposed initiative. The Illinois Gaming Board (IGB) has recommended several enhancements…...
Underdog Escalates Prediction Markets Fight With Five-State Legal Offensive
4+ day ago (601+ words) Just days after abandoning its daily fantasy sports (DFS) licenses in seven states, Underdog has launched legal action against five, seeking a permanent injunction against the enforcement of state gaming laws against its prediction markets. On Tuesday (September 8), the operator…...
Disgruntled Gambler Who Threatened Casino Gets 52 Years
4+ day, 19+ hour ago (433+ words) A Cincinnati man will spend the next 52 years in an Indiana prison for robbing a casino at gunpoint and taking a person hostage in 2024. Prosecutors in Dearborn County filed a criminal complaint against Daniel Birdseye on March 5, 2024, after police arrested…...
Prediction Market Cannibalization of Sports Betting Not Worsening
4+ day, 21+ hour ago (434+ words) With sports event contracts accounting for a significant percentage of volume on prediction markets, yes/no exchanges are viewed as competitive threats to online sportsbook operators. The 12-month price declines for stocks such as DraftKings (NASDAQ: DKNG) and Flutter Entertainment…...
BofA: Bettors Taking Out 75 Cents for Each $1 They Put In
5+ day, 13+ hour ago (527+ words) Fresh research from Bank of America confirms just how hard it is to break even while betting on sports, let alone relying on that activity for income. Acknowledging that it can only see the money its customers deposit to and…...
Congressman Seeks DOJ Probe Regarding Little League Bets
5+ day, 17+ hour ago (420+ words) A congressman from California is requesting that the Department of Justice (DOJ) and Treasury Department conduct probes into whether offshore sportsbooks violated federal laws in allowing US consumers to place bets on the 2026 Little League World Series (LLWS). Rep. Kevin…...
B.C. Regulator Rejects Sports Prediction Markets
5+ day, 18+ hour ago (381+ words) Mark Keast Mark is a long-time, seasoned journalist, as a writer and editor, working for several Toronto daily newspapers, then moving over to the digital arena, covering both sports and business. Over the past few years he moved over to…...
Europe???s Illegal Online Gambling Market Hits???12B, Euromat Study Claims
6+ day, 3+ hour ago (538+ words) Europe’s illegal online gambling market generated an estimated €12 billion ($14.1 billion) in net revenue during 2025, according to new research commissioned by Euromat. The study claims that the market has tripled in size since 2019. It now represents around 25% of the European online…...