News

Horse Racing League targets 2027 debut with team draft and Santa Anita or Gulfstream opener

Horse Racing League says it plans to launch in 2027 with 10 teams, a draft of 80 league-purchased horses and three events at major U.S. tracks, with Santa Anita among the possible early venues.

California Powerball ticket worth $1.53M expires Aug. 20 if left unclaimed

A California Lottery Powerball prize worth $1,532,761 remains unclaimed, and the winning ticket will expire on Aug. 20 if no one comes forward.

FanDuel Predicts targets bigger share after slow rollout, Flutter says

Flutter says FanDuel Predicts has had a slower-than-expected rollout, but executives expect the product to improve by year-end as the company shifts sports and novelty contracts to Crypto.com and expands its market-making efforts.

NYC opens inquiry into Kalshi, Polymarket and other prediction platforms over marketing and social harms

New York City Council has launched a legislative inquiry into Kalshi, Polymarket, Coinbase and Titan, focusing on advertising practices, youth targeting concerns and whether current laws adequately protect residents from potential social harms tied to prediction markets.

Binance.US plans CFTC bid to enter US prediction markets

Binance.US plans to apply for a CFTC Designated Contract Market license in August, positioning the exchange to offer regulated prediction markets in the United States if approved.

Feather Falls Casino Resort Veterans Motorcycle Show Raises Nearly $15,000

A veterans fundraiser hosted with Feather Falls Casino Resort brought in nearly $15,000, according to organizers of the third annual Stars, Stripes & Bikes motorcycle show.

Report says California’s online gambling losses remain entirely illegal as US black market hits $97.4B

A commissioned 2025 market study says unregulated operators generated $97.4 billion in US online gambling revenue, while California’s reported gambling loss ratio was tied entirely to illegal activity.

Congress presses MLB, MLBPA over FanDuel promotion tied to Bryce Harper video

Three members of Congress are asking MLB and the MLB Players Association to change rules around sportsbook promotions after Bryce Harper said a Cameo video he recorded was used in a FanDuel gambling ad without his knowledge or approval.

California Helps Fuel NFL Prediction Market Growth as Sportsbooks Eye Record $32.3B Season

RotoWire projects a record $32.3 billion in legal U.S. NFL sportsbook handle this season, while prediction markets could reach $36.8 billion, with California and Texas accounting for a large share of that trading activity.

Members of Congress press FanDuel to end VIP betting program after Bryce Harper controversy

Three members of Congress called on FanDuel to end its VIP program and urged MLB and the MLB Players Association to stop allowing athletes to do promotional work for sportsbook companies.