News Archives - Page 4 of 25 - PlayCA - Page 4

DraftKings reports Q2 loss as revenue dips and costs climb

DraftKings swung to a Q2 2026 loss as revenue slipped year over year and higher marketing, product, and administrative costs pushed the operator into the red.

Posted on: August 9, 2026 | | Tyler Andrews

Trump Media ends Crypto.com-linked CRO venture and scales back prediction markets plan

Trump Media has pulled out of a planned Cronos treasury venture with Crypto.com and Yorkville, while also replacing its Truth Predict rollout with a marketing arrangement for Crypto.com prediction products.

Posted on: August 9, 2026 | | Tyler Andrews

DraftKings CEO says prediction markets are more ‘peer-to-Wall Street’ than peer-to-peer

DraftKings CEO Jason Robins said prediction markets should not be sold to consumers as simple peer-to-peer products, arguing that professional traders and market makers usually have the edge over retail users.

Posted on: August 8, 2026 | | Tyler Andrews

DraftKings, FanDuel Say Prediction Markets Aren’t Hurting Sportsbooks Much Yet

DraftKings and FanDuel told investors that prediction markets are having limited impact on their core sportsbook operations for now, even as analysts debate whether that pressure could increase.

Posted on: August 8, 2026 | | Tyler Andrews

California Native Scott Brannon Sentenced in Illegal Costa Rica Gambling Case, Forfeits $25M

California Native Scott Brannon Sentenced in Illegal Costa Rica Gambling Case, Forfeits $25M

Scott Brannon was sentenced to one year of probation, including six months of home confinement, and agreed to forfeit $25 million after pleading guilty to operating an illegal gambling business tied to Costa Rica.

Posted on: August 8, 2026 | | Tyler Andrews

Kalshi and Polymarket add Genius Sports data and integrity tools for sports contracts

Kalshi and Polymarket add Genius Sports data and integrity tools for sports contracts

Kalshi and Polymarket have each signed partnerships with Genius Sports to bring official league data and integrity monitoring to sports contracts, with Polymarket also adding live sports streaming.

Posted on: August 8, 2026 | | Tyler Andrews

Red Hawk Casino Night set for Aug. 8 as Placerville Speedway title races tighten

Red Hawk Casino Night set for Aug. 8 as Placerville Speedway title races tighten

Placerville Speedway has three point races left in its championship season, with Red Hawk Resort + Casino Night scheduled for Saturday, Aug. 8.

Posted on: August 8, 2026 | | Tyler Andrews

Third Circuit revives antitrust suit over Caesars-linked casino hotel pricing software

Third Circuit revives antitrust suit over Caesars-linked casino hotel pricing software

The Third Circuit said plaintiffs plausibly alleged that Atlantic City casino-hotels and pricing vendor Cendyn used shared, non-public data and algorithmic recommendations in a hub-and-spoke price-fixing scheme.

Posted on: August 7, 2026 | | Tyler Andrews

Kalshi CEO says prediction markets can withstand growing push for bans

Kalshi CEO says prediction markets can withstand growing push for bans

Kalshi CEO Tarek Mansour pushed back on New York’s lawsuit against the company, arguing the state is trying to block innovation rather than enforce the law.

Posted on: August 7, 2026 | | Tyler Andrews

California Prediction Market Access Remains Available as State Challenge Moves to Appeal

California Prediction Market Access Remains Available as State Challenge Moves to Appeal

Prediction markets are still accessible in California for now, even as the broader state-by-state legal fight over sports event contracts continues to shift in 2026.

Posted on: August 7, 2026 | | Tyler Andrews