Missouri's first month of legal sports betting saw $543 million in wagers but only $521,200 in tax revenue. Sportsbooks gave away $125 million in promos and posted negative adjusted gross revenue.
Kalshi's app was downloaded over 3 million times in January 2026, more than DraftKings or FanDuel have ever done in a single month. Prediction markets are eating sports betting alive.
New FEC filings reveal DraftKings and FanDuel have poured millions into 2026 midterm Super PACs, tilted toward Republicans, to fight regulation.
A FanDuel bettor turned $34 into $10,303 with an 8-leg parlay betting on exactly when NFL playoff teams would be eliminated. Absolute degen genius move.
FanDuel and DraftKings are bringing Super Bowl combo bets to states without legal sports betting through their prediction market platforms. CME filed for approval this week.
DraftKings Predictions did $120 million in trading volume in its first month. FanDuel launched through CME. The prediction market war is heating up.
Macquarie analysts say both sportsbooks held better than expected in Q4 and should beat earnings estimates. FanDuel held 12.1% vs 10.9% guidance.
A FanDuel bettor predicted exactly when eight NFL playoff teams would fail months ago. Every leg hit. The $34 bet returned $10,303.
FanDuel's prediction market platform launched nationwide Thursday, offering sports contracts in 18 states including California and Texas. The gambling wars just went nuclear.
More than 20 state legislatures are in session this week with Georgia making another push for sports betting legalization in its 8th straight year.
FanDuel quietly ended its injury refund program for the NFL postseason while DraftKings and Fanatics keep theirs running. Time to switch books?
A lawsuit using the 1710 Statute of Anne could force FanDuel, DraftKings, and BetMGM to refund $300 million in gambling losses. Yes, a 300-year-old law.
The big sportsbooks aren't taking Chicago's new betting tax lying down. They've filed suit claiming the city overstepped its authority. This could get messy.
The two biggest sportsbook operators have officially resigned from the American Gaming Association as prediction markets create an industry rift.
DraftKings, FanDuel and three other major operators file lawsuit seeking to stop Chicago's new sports betting tax from taking effect January 1.
The battle over sports event contracts is escalating. With 20+ lawsuits pending against Kalshi and competitors, the fight is likely headed to the nation's highest court.
The year in gambling had clear victors and casualties. Prediction markets took over, traditional sportsbooks scrambled, and ESPN Bet couldn't even make it two years.
FanDuel just launched its prediction markets app in Alabama, Alaska, North Dakota, South Dakota, and South Carolina. DraftKings has competition now.
The two biggest sportsbooks in America just walked away from Vegas and the AGA. The prediction markets war is reshaping the entire industry.
The stock trading app is now letting you bet parlays on NFL games. DraftKings and FanDuel are shaking. States are suing. Chaos reigns.