DraftKings: Latest News, Market Updates, and Regulatory Developments
US Gambling Giants Increase Lobbying Spend Ahead of Elections
DraftKings, FanDuel, and Las Vegas Sands are pouring over $72 million into political campaigns to secure favorable gambling legislation.
Gaming Stocks Volatile: Big Earnings Week Ahead After Weak Q2 Start
The gaming sector faces a crucial week as top firms report earnings following a 1.36% drop in the Roundhill ETF during the season's start.
Flutter Entertainment exits London Stock Exchange for US ambition
The gambling giant Flutter has completed its LSE delisting to focus on New York, despite a 60 percent share price drop over the last year.
Texas Gaming Stalemate: Fertitta Executive Predicts No Legalization Before 2032
Fertitta Entertainment's Steven Scheinthal warns that Texas politics will block gaming expansion for years, while a SCOTUS ruling on prediction markets looms.
Prediction Markets Challenge Sportsbooks: $8 Billion NFL Risk Expected
A shift in wagering dynamics is putting pressure on traditional bookmakers. Experts predict Kalshi will carry $8 billion in risk for the 2026 NFL opening week.
NCPG Sponsorship Controversy: Recovered Gambler Slams Industry Funding
A former gambler who lost $10 million criticizes the National Council on Problem Gambling for accepting sponsorships from firms like FanDuel and Kalshi.
Morgan Stanley Trims DraftKings Target: High Growth Meets Rising Costs
Morgan Stanley has lowered its DraftKings price target to $36, citing massive marketing spending of $225 million for prediction markets despite rising revenue forecasts.
FanDuel and DraftKings Fight Massive Addiction Lawsuit in Philadelphia Court
Two plaintiffs seek damages for gambling losses exceeding $2 million. The operators argue their free mobile apps are not 'products' subject to liability laws.
US Medical Students Use Sports Betting to Pay Tuition Fees
A survey of 1,000 healthcare students shows that 27% are turning to prediction markets and sportsbooks to fund their education costs.
Billion Dollar Milestone: Connecticut Reports Record iGaming and Sports Betting Numbers
Connecticut's gambling market is surging, with total monthly wagers hitting $2.01 billion in June, reflecting a strong 17 percent year-over-year increase.
Kalshi's World Cup Surge: 3 Million New Users Fuel $40 Billion Trading Volume
Prediction market Kalshi saw a massive jump in activity during the 2026 World Cup, capturing a 65% market share of the global prediction sector in June.
AI Revolutionizes Player Protection in North America: Focus on Behavioral Monitoring
Mindway AI is advancing player protection in North America through artificial intelligence. The company monitors data from almost 15 million players daily to detect risky gambling behavior early.
DraftKings Sues Philadelphia: Dispute Over Consumer Protection and Gaming Laws
DraftKings has sued the City of Philadelphia to block a consumer protection ordinance and an investigation into its gaming activities. The lawsuit was formally filed on July 16 at the U.S. District Court.
New York Sports Betting Revenue Drops Sharply in June Despite Record Handle
New York's online sports betting market saw a 43.5% year-on-year decline in operator revenue in June, despite bettors placing nearly $2.3 billion in wagers.
US iGaming Stocks Surge Ahead of Sports Betting Rivals
In Q1 2026, US online gambling saw a clear split: iGaming operators showed an average EBITDA beat of 9% against expectations, while sports betting struggled.
Kalshi Hires Former DraftKings Executive for VIP Trading Unit
US prediction markets platform Kalshi strengthens its team by appointing Dillon Borgida, formerly of DraftKings, to lead a new unit for high-value traders. Borgida generated billions in revenue during his four years at DraftKings.
Tonybet secures license for Canada's new iGaming market in Alberta
Tonybet has received an iGaming license from the Alberta Gaming, Liquor and Cannabis Commission, expanding into Canada's second regulated online gambling market. Registrations and gross gaming revenue in Ontario grew by 52 percent in 2025.
DraftKings Expands: Multi-State Online Poker Now in Michigan, Pennsylvania, and New Jersey
DraftKings launched online poker in Michigan, Pennsylvania, and New Jersey on July 8, 2026. This allows players in these three US states to play together at virtual poker tables for the first time.
Inspired Entertainment Fully Launches in Alberta's New iGaming Market
B2B company Inspired Entertainment has started in Alberta's newly regulated iGaming market. Twelve licensed operators have been offering the games since day one.
Canada: Alberta Launches Regulated Online Gambling Market
Alberta launched its new online gambling market on July 13, 2026, following Ontario's lead. Nearly 50 operators have applied for licenses, with an expected GGR of approximately C$850 million in the first year.
Alberta launches online gambling, regulatory waves in North America
The Canadian province of Alberta opened its regulated online gambling market on July 13. Simultaneously, debates over gambling tax deductions and sweepstakes casino bans are flaring up in the US.
Sports Betting in Connecticut: A Limited Market with Strict Regulations
In Connecticut, sports betting is legal for individuals aged 21 and over, based on a deliberately limited model involving tribal gaming partners and the Connecticut Lottery. Since its full launch on October 19, 2021, the market has been overseen by the Department of Consumer Protection.
Arkansas Sports Betting Market Opens Up After Strict Revenue Sharing
Arkansas is easing its strict sports betting regulations. The long-standing 51 percent revenue share requirement for local casinos is softening, allowing major players like DraftKings and FanDuel to enter the market.
Bryce Harper and FanDuel Video: Betting Promotion Under Scrutiny
A video of MLB star Bryce Harper for a FanDuel VIP customer causes a stir. The customer lost 1.5 million USD and is now suing the betting provider for gambling addiction.
Arizona Governor Bans Insider Trading on Prediction Markets for State Employees
Governor Katie Hobbs has banned insider trading on prediction markets for state employees in Arizona. This aims to prevent profits from non-public information, after millions were already gained through such bets.
Michael Burry Bets on Sports Betting Stocks: Flutter and DraftKings in Focus
Investment legend Michael Burry has disclosed new positions in sports betting giants DraftKings and Flutter Entertainment. DraftKings' stock closed up 0.5%, Flutter up 1%.
Alberta iGaming Market to Launch July 13: North American Giants Prepare for Entry
Canada's province of Alberta will launch a regulated online gambling market on July 13. Major brands like FanDuel and DraftKings are ready to offer sports betting and online casino games to residents, with the province aiming for over $700 million in annual revenue.
North Carolina Raises Sports Betting Tax to 23 Percent, Taxes Prediction Markets
North Carolina has increased its sports betting tax on gross wagering revenue from 18 to 23 percent. Governor Josh Stein signed this measure into law, aiming to mitigate an anticipated 2.8 billion US dollar budget shortfall.
US Gambling Companies Sued Over Addictive App Designs
A surge of lawsuits is targeting US sports betting operators, alleging that companies like FanDuel and DraftKings intentionally use addictive algorithms in their apps, leading to losses of up to $2 million.
Ex-DraftKings Employee Charged in College Basketball Betting Scheme
A former DraftKings sports trader faces felony charges in Nevada for an alleged betting scheme involving a former Fresno State basketball player, allegedly generating around $15,950 in winnings.
Michael Jordan, Carsten Koerl, and Jason Robins to Open SBC Summit 2026 in Lisbon
The SBC Summit 2026 will feature a high-profile keynote session with sports business titans Michael Jordan, Carsten Koerl, and Jason Robins in Lisbon, promising insights into the convergence of sports and iGaming.
DraftKings ventures into prediction markets: DKeX launches
DraftKings is charting new territory with DKeX, its new proprietary prediction market exchange. This venture could redefine the boundaries between betting and financial markets, raising new opportunities and questions for the industry.
DraftKings Launches DKeX: Prediction Market Integrated into Gaming App
DraftKings has integrated its proprietary prediction market DKeX into its existing sports and casino app. This move could change how players engage with interactive products.