News

Kalshi Co-Founder Profile Highlights Fast Growth and Mounting State Legal Pressure

A profile of Kalshi co-founder Luana Lopes Lara also underscores the prediction market operator’s escalating legal battles with state regulators as its valuation has surged.

California sports betting debate spotlights risks of offshore gambling sites

A new gambling-policy commentary argues that many Americans do not know whether they are betting with a licensed sportsbook or an offshore operator, a distinction with implications for California as lawmakers continue debating legalization.

Senators press CFTC to curb wildfire prediction markets after California fire bets

A group of nine Democratic senators is asking federal regulators to crack down on wildfire prediction markets, citing public-safety risks and reported betting tied to deadly Los Angeles-area fires.

Thunder Valley GM Dawn Clayton profile highlights resort growth and leadership path

A CDC Gaming profile on Thunder Valley Casino Resort General Manager Dawn Clayton details her four-decade gaming career, the resort’s growth in Northern California, and the workforce and development initiatives she has helped lead.

ProphetX completes $35 million financing round

ProphetX has closed a $35 million financing round led by Parlay Capital and Data Point Capital as the federally approved sports prediction market looks to expand product development, liquidity and B2B infrastructure.

Federal judge signals DraftKings California DFS lawsuit will move forward

A California class action against DraftKings appears set to continue after a federal judge said the plaintiffs have standing and that the operator’s paid daily fantasy sports contests are likely prohibited by state law.

Polymarket-Kalshi feud spills into personal allegations as rivalry intensifies

A new report says the rivalry between Polymarket and Kalshi has become deeply personal, with both sides disputing allegations as competition in the prediction-market sector intensifies.