search
sports gambling industry
Trends
- 1Kalshi's Sports Betting Push Tests Prediction Market Rules●Kalshi’s Embrace of Sports Betting Tests Rules for Prediction Markets
Prediction market operator Kalshi is expanding into sports betting, a move that regulators and industry watchers say stretches the legal boundaries separating regulated sportsbooks from event-contract trading platforms. The company's sports-related contracts raise questions about whether prediction markets should face the same oversight as traditional gambling, setting up a potential clash with state gaming regulators and federal authorities over the rules governing the fast-growing sector.
- 2
Flutter Entertainment, the parent company of sports betting giant FanDuel, is facing continued setbacks despite its market-leading position in the US. The company has been hit by a run of bad news, and commentators note that positive developments are quickly overshadowed by new problems, leaving investors and analysts questioning when its fortunes will turn around.