In December, DraftKings launched a predictions market platform of its own, turning the disruptors like Kalshi into direct competitors.
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Prediction markets may prove to be an even more lucrative opportunity than sports betting as Americans’ interest in wagers grows.
Kalshi has skated around licensing restrictions in the past by instead using generic terms like “pro hockey tournament.”
Diamond Sports wants to rebrand its portfolio of local Bally Sports regional sports networks (RSNs) and rebrand them.
The biggest names in the business say they’ll spend $20 million to form a group to encourage responsible gambling.
Jim Chanos admits he completely missed the point about sports gambling in America. Nobody cares how much they lose.