Underdog and Crypto.com announced a joint launch in the United States of sports event contracts based on a prediction market model, offering users a new betting method compliant with federal regulations. This move will allow players to exchange views on the outcomes of major sports leagues such as t
Maryland Lottery and Gaming Control Agency (MLGCA) recently officially issued a sports betting license to bet365 at a regulatory hearing, making it the company's 15th operating state in the USA. This decision coincides with the week before the NFL season starts, securing ample time for bet365's mark
Recently, the Ohio Casino Control Commission (OCCC) issued a clear warning to sports betting operators in the state, stating that their gambling licenses could be at risk if they offer prediction market services without permission. This move is seen as a direct response to some operators' recent int
Tom Waterhouse of Waterhouse VC suggests that prediction markets are expected to rival sports betting and open up new growth avenues for gambling operators.Prediction markets first gained widespread attention during the US elections in November 2024, when trading volumes surged. The key issue is wh
FanDuel and the Chicago Mercantile Exchange Group (CME Group) announced a partnership to launch a new event-based trading platform in the United States, combining the infrastructure of the derivatives market with FanDuel's extensive customer reach.The platform will offer fully funded contracts, allo
New York State Gaming Commission's latest data shows that in July 2025, the state's total sports betting revenue reached $155.9 million, a year-on-year increase of 10.7%. The total betting amount was $1.41 billion, an increase of 11.1% from the previous month, with an average hold rate of 11.08%. Th
Global gambling giant Flutter Entertainment announced its Q2 2025 results, with revenue up 16% year-over-year to $4.19 billion, but net profit plummeted by 88% to just $37 million, and earnings per share dropped to $0.59. Adjusted EBITDA increased by 25% to $919 million, with a profit margin of 21.9
Boyd Gaming announced its second quarter financial report for 2025, achieving a revenue of $1 billion, a year-on-year increase of 6.9%, surpassing the first quarter's $991.6 million, and once again demonstrating its robust growth momentum. Net income increased by 7.5% year-on-year to $150.4 million,
According to the latest data released by the New York State Gaming Commission (NYSGC), the total gaming revenue (GGR) for New York casinos in June 2025 was $55.1 million, a 2.2% decrease year-over-year. This marks the third lowest monthly revenue of the year, only higher than January and February.T
In the past decade, the number of gambling operators on the London Stock Exchange (LSE) has significantly decreased, driven by industry consolidation, regulatory uncertainty, and global economic trends, leading capital flows towards the US market. Peel Hunt analyst Ivor Jones noted that the overall
Flutter Entertainment has officially announced the acquisition of the minority stake in FanDuel held by Boyd Gaming for approximately $1.8 billion (AUD 1.755 billion), securing 100% ownership of the FanDuel sports betting platform. Upon completion of this transaction, Flutter's implied overall valua
At the 2025 French Open at Roland Garros, the red clay courts are not only a testing ground for players but also a tough battle for the backend transaction systems of betting companies. Facing the variables of five-set matches, frequent stalling tactics, and volatile odds, betting companies must pre
