News

ProphetX raises $35M after CFTC approval, expands B2B prediction market push

ProphetX says it has raised $35 million to deepen liquidity, build products and expand its B2B sports prediction market platform following its recent CFTC approvals.

Novig becomes New York Mets’ exclusive prediction market partner in first MLB team deal

Novig has signed a multi-year deal with the New York Mets, becoming the team’s exclusive official prediction market partner as it prepares for a nationwide launch next month.

George Santos settles CFTC probe over suspicious Kalshi trades for $35,000

Former Rep. George Santos agreed to a $35,000 settlement with the CFTC over suspicious trades on prediction market Kalshi, including a three-year trading ban.

Four Atlantic City casino hotels make USA TODAY 10Best nominee list as Graton joins national field

USA TODAY 10Best has named 20 nominees for best casino hotel in the U.S., including four Atlantic City resorts. California’s Graton Resort & Casino is also in the national field, with voting open until Aug. 24.

New York Sues Kalshi, Alleging Illegal Gambling Operation

New York has sued Kalshi, alleging the company operates an illegal gambling business and seeking to block it from operating in the state without a gambling license.

California tribal leaders keep 2028 in focus for online sports betting vote

California tribal gaming leaders continue to point to 2028 as the most realistic target for a statewide online sports betting proposal, with voter approval and changes to tribal-state agreements likely needed first.

DraftKings Predictions faces class action over alleged illegal sports betting

A new class action lawsuit alleges DraftKings Predictions functioned as an unlicensed sportsbook by offering sports bets disguised as event contracts, while DraftKings says the product complies with applicable law.

Caesars, VICI outline possible NBA arena site behind Las Vegas Strip resorts

Caesars and VICI Properties say they are developing a plan for 50 acres behind three Las Vegas Strip resorts that could become the site of a future NBA arena.

DraftKings sued over California-linked prediction market claims

A lawsuit filed in Massachusetts on behalf of a California resident alleges DraftKings’ Predictions product violates state gambling rules by offering sports betting under the label of event-contract trading.

Thunder Valley Casino Resort suspends gaming after power outage

Thunder Valley Casino Resort said it temporarily suspended gaming operations Thursday because of a power outage tied to a crash that damaged utility infrastructure.