Chalky March Madness Slams Sportsbooks but Spares Kalshi
The spending gap between sportsbooks and the new kids on the block—sports prediction markets—shrunk over the past month, while March Madness results continued a sour…
FanDuel
Kalshi Says It Has User Protections as Sports Futures Scrutiny Grows
Financial technology company Kalshi says it will increase user guardrails on its platform amid concerns expressed by MLB and other critics about its sports event futures…
Caesars Entertainment Mulls Online Gambling Public Spinoff
Caesars Entertainment (CZR) will consider splitting its online gaming business into a separate publicly traded company, CEO Tom Reeg told investors Tuesday. Reeg…
DraftKings Shares Jump on Fourth Quarter Results, New Revenue Data
DraftKings shares jumped as much as 15% on Friday morning after the gaming company reported fourth quarter numbers that included more granular revenue details than…
U.S. Sportsbooks Reckon With Super Bowl Rival: Futures Markets
When financial technology upstart Kalshi facilitated more than $200 million worth of U.S. presidential election futures market trades last October and November despite…
FanDuel Takes $370 Million Hit on Bettor-Friendly NFL Results
This NFL regular season was historically good for betting favorites, and therefore historically bad for sportsbooks. FanDuel, a unit of Flutter, on Tuesday became…
Sporticast 397: FanDuel’s Cavs Odds Show Betting, Marketing Overlap
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including a viral FanDuel…
Diamond RSNs to Offer Single-Game Buys as Court Hearing Looms
On the eve of a bankruptcy court hearing that will determine the fate of the Diamond Sports Group RSNs, the company has announced plans to begin offering fans the…
FanDuel Draws Backlash for Odds of Cavaliers Going Undefeated
Sportsbooks never give odds that accurately reflect real world probabilities. A recent line offered by FanDuel, however, took the discrepancy to a new level. A post…
FanDuel Founders Launch Crypto Casino BetHog
FanDuel co-founders Nigel Eccles and Rob Jones have launched BetHog, an international cryptocurrency casino and sportsbook, with the help of a $6 million seed funding…
NFL Bettors Sting DraftKings, Cost Company $250 Million
DraftKings shares fell as much as 7% in late trading after the gaming company revised its fiscal 2024 estimates downwards due largely to NFL game outcomes that favored…
Missouri OKs Sports Betting as FanDuel, DraftKings Beat Caesars
It’s been nearly 18 months since a U.S. state legalized sports betting. Missouri became the latest on Tuesday night. Residents in the Show-Me State narrowly…
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