The state of New Jersey asked the Supreme Court to take up a dispute that could determine which regulator has oversight over prediction markets and sports-related event contracts. In April, the 3rd U.S. Circuit Court of Appeals, which ruled that all event contracts are "swaps" and regulated by the Commodity Futures Trading Commission.
The high court could soon determine the fate of sports betting in the U.S.
New Rewards Club gives customers' value for their loyalty and more choice over how they earn boosts and bonuses NEW YORK, Sept. 1, 2026 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, announced a new slate of product experiences coming to FanDuel Sportsbook for the NFL season designed to give customers more control and choice over their rewards while bolstering thei...
VANCOUVER, British Columbia--(BUSINESS WIRE)-- #DigitalIdentity--FanDuel Group, North America's premiere online gaming company, and GeoComply, the global leader in geolocation and identity intelligence, today announced a multi-year renewal — extending a relationship that has supported FanDuel's growth from a single state to over two dozen states. Through the expanded partnership, FanDuel will c...
Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT)'s price target was lowered to $180 from $210 by Jefferies, which cut its earnings estimates following the company's decision to increase promotional spending in the US during the second half of 2026. Jefferies cut its Group EBITDA estimates by 8% for 2027 and 13% for 2028, with the reductions entirely reflecting lower US estimates.
Annualized total volume for DraftKings' predictions platform grew to $11 billion from $2.3 billion between April and July, CEO Jason Robins said. Coinbase said that its prediction markets revenue grew 106% on a quarter over quarter basis.
Citi has upgraded Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT) to 'neutral' following the gambling group's second-quarter results, arguing that a 13% share price fall since April has reset expectations. The US bank trimmed its target price on the FanDuel and Paddy Power owner to $93, from $93.26.
