IGaming coverage

Evolution AB has a great growth story to tell, but its Q1 2026 earnings were held back by regulatory headwinds in the saturated European market. Swedish gaming supplier Evolution AB saw its Q1 2026 results fall below expectations on revenue, EBITDA and EPS, as

Acquiring the Preakness’ intellectual property may also allow Churchill to bolster racing at Pimlico, if Maryland officials are open to it LOUISVILLE – One of the more interesting news items to drop last week was the announcement by Churchill Downs Incorporate

Bills move across multiple states as the CFTC comment deadline nears and prediction market litigation continues to build. A busy week is ahead for the gambling industry, with multiple bills set for hearings or awaiting floor action, as the legal battle between

In a new peer-reviewed article, the authors argue that prediction markets’ “scientific framing, gambling-like design, and regulatory gaps” create new addiction and political risks. They also contend the scientific community must confront appropriation of scien

A surge of filings and rulings on April 24 shows the CFTC and operators stepping up their legal push as courts issued key rulings. April 24 marked one of the busiest days for prediction market litigation to date, with federal regulators and operators going on

President Trump may not be the staunch proponent of prediction markets many believed, as we look back at this week’s news around the gambling industry. It’s been a particularly tough week for prediction markets, and that’s saying a lot. The most damaging headl

A U.S. Army soldier has been charged with insider trading after allegedly using classified information on a Maduro capture operation to profit over $400,000 on Polymarket. Federal prosecutors have charged a U.S. Army Special Forces soldier, Gannon Ken Van Dyke

Betsson is making waves in Latin America, but B2B setbacks and European tax hikes are hurting its profits Betsson AB, the Swedish B2c and B2B gaming group, missed across the board on its Q1 2026 earnings results. €285 million ($333.86 million) revenue fell sho

Nigel Eccles challenges claims linking crypto casinos to illegality after BetHog’s mention in short-seller reports on Sportradar. BetHog CEO and FanDuel co-founder Nigel Eccles has pushed back against what he describes as a persistent industry narrative equati

Although Boyd Gaming’s 2026 first-quarter earnings results were underwhelming, the Midwest and South point the way to future growth Boyd Gaming (BYD) reported a decidedly mixed bag in its Q1 2026 results. Net revenue of $997.4 million for the quarter, an incre

Tennessee advances a sweepstakes casino ban, Oklahoma’s sports betting push stalls again, and Colorado lawmakers pivot on prop bets. This week saw lawmakers in Tennessee advancing measures addressing sweepstakes casinos and prediction markets while Oklahoma, a

After a chaotic day, Tennessee lawmakers passed a bill that would ban sweepstakes casinos. Tennessee has moved one step closer to banning sweepstakes casinos, after the Legislature approved SB 2136 on April 23, following a day of floor rejections, a conference

President’s comments come after soldier faces federal charges using Polymarket to profit from classified information The Trump Administration may be actively supporting the expansion of prediction markets and the types of events on which they can offer contrac

When Kalshi published three enforcement notices targeting political candidates who bet on their own elections, it looked like a clean win for self-regulation. Then one of the candidates explained he did it on purpose. Kalshi published three enforcement notices

As technology and evolving consumer behaviors reshape the gambling landscape, experts argue that opportunities are created to reduce gambling-related financial harm. Through its FSRG Initiative, Kindbridge Research Institute convened a panel of insiders to dis

New York and Illinois governors have introduced new restrictions on insider betting in prediction markets, adding to a growing wave of state and federal scrutiny over integrity risks in the sector. This week, the governors of New York and Illinois issued execu

PENN Entertainment earnings were a blowout on revenue and EPS as iGaming soars and the company readies for its assault in Alberta. PENN Entertainment beat on its top- and bottom-lines in Q1 2026 results released this morning. Total revenue of $1.779 billion ha

Light & Wonder faces a new investor class action alleging it misled the market over its Dragon Train game and Aristocrat dispute. Light & Wonder (LNW) is facing a new investor class action in Australia, with shareholders alleging the company misled the market

Two firms that shorted Sportradar stock made claims in reports published Wednesday Sportradar late Wednesday refuted claims made in two separate research reports released earlier in the day, both of which alleged the Swiss-based data and integrity services pro

New York Attorney General Letitia James has launched a legal challenge against Coinbase and Gemini, accusing the crypto giants of running illegal gambling operations through their prediction markets. New York Attorney General Letitia James sued Coinbase and Ge

BetHog has raised $10 million and launched a new AI dealer platform, as CEO Nigel Eccles says the technology is already outperforming traditional live dealers in player engagement. Crypto casino and sportsbook BetHog has raised $10 million in a Series A fundin

Oklahoma’s sports betting push gains fresh momentum as lawmakers introduced an amended bill with tribal backing, with an expected Senate vote this week. Oklahoma lawmakers have introduced a new amendment to a stalled 2025 sports betting bill, securing key stak

Arizona is seeking to postpone further hearings in its case against Kalshi, citing a potential pending ruling in the Ninth Circuit in Nevada’s consolidated case against prediction market platforms. Arizona officials are asking a federal court to delay the next

Polymarket is in talks at a valuation of roughly $15 billion, just months after sitting at $9 billion. Polymarket is reportedly in talks to raise $400 million at a valuation of up to $15 billion, according to multiple reports, including The Information, Bloomb

Prediction markets are all the rage in the US. In Canada, existing regulations severely limit the markets available — but there may be changes on the horizon. As the hype around prediction markets reaches a frenzy in the US, Canada remains aloof. Currently, Ca

Resorts World NYC is set to debut live table games, becoming the city’s first full-scale casino and gaining a multi-year head start on competitors. Resorts World New York City is rolling out live table games next week, marking a significant milestone in the ye

MGC Chair Maynard raises concerns about prediction markets and youth exposure as gambling risks grow across an expanding, fragmented market. Massachusetts Gaming Commission (MGC) Chair Jordan Maynard has warned that the expanding U.S. gambling sector is increa

Accused released to his father, placed under 24-hour home confinement A Maryland man faces federal charges after authorities say he made death threats online to PrizePicks employees, including the Georgia-based sports gaming operator’s executives, because he w

Bally’s Intralot is eying a £225m approach for Evoke, the owner of William Hill and 888. Bally’s Intralot is in discussions to acquire Evoke (formerly 888 Holdings), in a proposed deal valuing the William Hill owner at approximately £225.3 million ($304 millio

CoinPoker’s new tournament, World Poker Masters, features $25 million in guaranteed prize money, including a $2.5 million Main Event. CoinPoker has unveiled its largest tournament series ever, the World Poker Masters (WPM), featuring $25 million in guaranteed

Legislative deadlines, NBA playoff betting, and expanding prediction market lawsuits headline a busy week across the U.S. gambling landscape. Legislative deadlines in Tennessee and Iowa are putting multiple gambling bills under pressure, while proposals elsewh

Politicians made their voices heard around the gambling industry this week. While increasing trading volume is a clear indication of prediction markets’ momentum, legal and legislative pressure threatens to halt the growth. These opposing dynamics highlight to

Ninth Circuit judges questioned whether prediction markets’ sports event contracts are meaningfully different from sports betting and whether federal law can override state regulation. The United States Court of Appeals for the Ninth Circuit judges expressed s

A veto override in Kentucky, mixed signals in Virginia, and growing momentum for sweepstakes and prediction market bills highlight another busy week for U.S. gambling legislation. This week marked another busy week across U.S. legislatures, including a veto ov

Former Chicago Mayor Rahm Emanuel is pitching a 10% federal levy on all types of online gambling, including prediction markets. Former Chicago Mayor and U.S. Ambassador to Japan, Rahm Emanuel, has unveiled a proposal to impose a 10% federal tax on online gambl

DraftKings, FanDuel, and Fanatics have contributed $41 million into a super PAC network now targeting key state races, with millions already deployed in Texas, Georgia, and beyond. DraftKings, FanDuel, and Fanatics have funneled $41 million into the super PAC

New Hampshire establishes a responsible gaming council, and Arizona introduces a new RG-focused training program, as the states turn their attentions to problem gambling. Arizona and New Hampshire have undertaken new efforts to minimize gambling harm and encou

Sweepstakes casino Stake.us is facing a new lawsuit in New York, alleging the platform enabled underage gambling while relying on Coinbase’s U.S.-facing crypto infrastructure to facilitate repeated wagering activity. A new New York lawsuit against Stake allege

Lawmakers advanced a bill that would ban prediction markets in the state, while also hearing extensive testimony regarding a proposal to legalize online sports betting Minnesota lawmakers took a decisive step toward banning prediction markets this week, while

As Americans embrace online sports betting, support for legal and regulatory guardrails grows. Over a quarter (27%) of all Americans and more than half of men 18-49 (52%) have an active online sports betting account, according to the latest in a trio of polls

Washington D.C. lawmakers are considering legalizing online casinos, with a new bill that could allow poker, slots, and table games, while banning sweepstakes platforms Washington, D.C., could be the next U.S. jurisdiction to legalize iGaming. A lawmaker has i

BetMGM’s Q1 2026 results are out and confirm what many analysts had predicted might be a sluggish start to 2026. Today BetMGM reported net operating revenue of $696 million (a 6% year-over-year increase), 14% below the analyst consensus forecast of $810 millio

Former Atlanta Mayor Keisha Lance Bottoms, who is running for governor of Georgia, suggests casino revenue should be used to fund expansion of early childhood education. A proposal to put casino revenue toward funding an expansion of early childhood education

Democratic leader objects to language removing gubernatorial review, approval of gaming regulations Kentucky Gov. Andy Beshear on Monday afternoon vetoed a wide-ranging bill that would update numerous gambling and horse racing laws that the state’s legislature

Democratic Influencer Elizabeth Booker Houston criticized prediction markets in a social media video, prompting Kalshi to send her a cease-and-desist. Houston complied, giving Kalshi more than it likely expected. On Friday, I came across a Threads post by Eliz

A U.S. court has stopped Arizona from pursuing criminal charges against Kalshi. A federal judge in Arizona has blocked the state from continuing its criminal prosecution of Kalshi, granting the Commodity Futures Trading Commission’s request for a temporary res

With the White House warning staff about betting on sensitive events, Richard Blumenthal is pressing Coplan for answers. After the White House warned its staff last month against using their positions to make profitable bets on prediction markets, a US senator

Governor reiterates call for ‘centralized regulatory authority’ to oversee all Virginia gambling Virginia Gov. Abigail Spanberger vetoed a bill Friday to legalize skill games in the Old Dominion, her second such action in as many days against a controversial g

Wisconsin’s new sports betting law and Ohio’s potential about-face both figure into our weekly round-up of winners and losers in the gambling industry. Few things in the gambling industry, just like in life, are simple. A positive development for one person, p

DraftKings formally resolves MLBPA player rights case as wider legal challenges remain. A federal judge in Philadelphia has formally dismissed one of the most closely watched player rights cases in the sports betting industry after MLB Players Inc. and DraftKi

Governor previously expressed concerns about equity among state’s tribal nations Wisconsin will soon join 32 other states and the District of Columbia in allowing online sports betting statewide after Gov. Tony Evers signed Assembly Bill 601 into law Thursday.

As adolescent gambling surges, experts propose teaching gambling literacy in schools. “Schools offer, probably, the best way of easily reaching large numbers of young people,” says Isaac Rose-Berman. Rose-Berman is a sports bettor, poker player, and fellow at

Missouri shuts down state’s major illegal gambling device supplier after a decade-long fight. The biggest supplier of illegal gambling devices in Missouri agreed to suspend all of its operations in the state. Torch Electronics will do so starting on Friday, af

We caught up with Asher, a long-time sports betting executive, to talk about a wide range of issues impacting the industry. Recognizing the need for an independent sportsbook in Nevada, industry veteran Joe Asher reemerged on the sports betting scene to launch

Proposal considered ‘short-sighted’ by lawmaker who helped legalize sports betting Three Ohio Republican lawmakers said Wednesday they will propose legislation to eliminate online sports betting across the state, a move that could cost the state more than $200

Roth’s dissent raises questions about the congressional intent behind the Dodd-Frank reforms and a potential challenge to state-regulated gambling. The US Third Circuit Court of Appeals handed Kalshi a significant victory by ruling 2-1 to uphold a preliminary

The NBA’s partnership with PrizePicks highlights a growing tension over the league’s commercial strategy. PrizePicks is now the NBA’s official Daily Fantasy Sports (DFS) Partner. Under the multi-year deal the league announced this week, the Atlanta-based compa

Tuberville received $40,000 from sweepstakes operator VGW and a Florida casino as gambling interests ramp up political spending in Alabama ahead of a potential expansion push. According to campaign finance reports, U.S. Senator and candidate for Alabama Govern

Oklahoma House committee advanced a bill to ban sweepstakes casinos after a brief committee hearing, keeping pace with a growing wave of state-level crackdowns in 2026. Oklahoma’s Senate Bill 1589 (SB 1589), which targets sweepstakes casinos, has moved forward

Maine became the second state in 2026 to ban sweepstakes casinos after Gov. Janet Mills signed LD 2007. Maine Gov. Janet Mills signed LD 2007 into law, becoming the second state in 2026 to ban sweepstakes casinos. The measure, titled “An Act Regarding the Proh

Brag House is creating a marketplace for college sports fans to become active participants in athletes’ commercial journeys as NIL proliferates. If you are into college sports and attend an American university, you may already know this – the Gen Z gaming plat

Polymarket has unveiled a major upgrade to its trading infrastructure, the latest update following fee changes and integrity measures amid scrutiny of the platform. Polymarket has announced a major upgrade to its exchange infrastructure, including a new tradin

Public comments on the CFTC’s prediction market proposal are piling in, with both institutions and retail users raising concerns over gambling, manipulation, and insider risk. Earlier this year, the Commodity Futures Trading Commission (CFTC) sought public inp

Washington is seeking to return its Kalshi case to state court, following Nevada’s playbook, but a recent Third Circuit ruling could complicate the outlook. Washington state has moved to remand its lawsuit against Kalshi back to state court after the predictio

An £80 million ($106 million) sponsorship gap looms as Premier League clubs struggle to replace gambling shirt deals ahead of next season. The Premier League’s (EPL) upcoming ban on front-of-shirt gambling sponsorships could see multiple teams starting the 202

Nevada moves toward a long-term ban on Kalshi after a judge ruled its contracts are “indistinguishable” from sports betting. A Nevada state judge has extended the ban on Kalshi and signaled he will grant the Nevada Gaming Control Board’s (NGCB) request for a p

The March Madness championship arrives as courts, lawmakers, and governors line up a busy week of developments across prediction markets, sports betting, and sweepstakes casinos. This week brings the March Madness championship, a potentially pivotal Arizona co

NCAA requires sportsbooks to abide by strict standards, including a prohibition on negative prop bets The men’s NCAA Tournament reaches its biggest stage this weekend with the Final Four at Lucas Oil Stadium in Indianapolis, just blocks away from where the gov

It’s been another hectic week in the gambling industry. Here are some names, entities and verticals that made the headlines. The Final Four is set for this weekend in Indianapolis, signaling a start to a bit of a lull in the sports calendar. Sure, The Masters

Louisiana dropped a proposed ban on prop bets and microbetting after a fiscal note revealed more than $20 million in potential annual General Fund revenue losses. Earlier this week, Louisiana lawmakers withdrew a proposed ban on prop and micro bets, highlighti

The federal government has escalated the prediction market battle, suing three states and setting up a direct clash over who controls the emerging sector. The Commodity Futures Trading Commission (CFTC) has stepped directly into the prediction market dispute,

Sweepstakes bans advanced, prediction markets drew new legislative scrutiny, and key sports betting measures moved closer to law in a busy week for U.S. gambling policy. Multiple states advanced gambling-related legislation this week, with sweepstakes bans, pr

Democratic leader raised concerns that AB 601 does not promote tribal equity The question of whether Wisconsin will join 31 other states plus the District of Columbia in allowing statewide online sports betting is now in the hands of Gov. Tony Evers. Evers rec

The fight between California card rooms and state gaming tribes continues to heat up as new regulations for the former take effect this month.

Deals leagues are cutting with prediction markets are eroding the value of the ones held by sportsbooks, which are working to insulate their marketing rights. As prediction markets’ list of sponsorship deals lengthens, sports betting brands are proactively eng

Australia has unveiled new gambling advertising reforms, but critics say they fall short of expectations built over years of political pressure and public debate. Australian Prime Minister Anthony Albanese announced a long-anticipated response to calls for gam

South Carolina’s GOP governor candidates split on gambling, with strong opposition dominating, but some openness to limited casino development along the I-95 corridor. Four South Carolina Republican gubernatorial candidates offered different views on gambling

The Ladbrokes shop closures underscore the mounting pressure across the UK and Ireland's retail sector.

The reforms target gambling ads with intended time caps, age restrictions and no branding on sport players' uniforms. Influencer and social media marketing will also face scrutiny.

When law, ethics and commerce collide in digital sport marketing, responsibility becomes blurred. Ex-professional footballer Moses Swaibu underscores the knowledge gap that exists between operators, athletes and regulators.