Author: Maisie Morrison

TLDR A House subcommittee will hold a hearing on Wednesday at 10:15 am Eastern on sports gambling at colleges. No witness list has been released, and prediction markets are not named in the hearing materials. Kalshi lets users trade at 18, while most legal US sports betting requires users to be 21. Panel chair Rep. Burgess Owens represents Utah, where the attorney general has charged Kalshi’s co-founders. Several panel members have backed bills or letters targeting prediction markets and prop bets. A House panel will hold a hearing next Wednesday on sports betting among college students. The session is titled…

TLDR DraftKings revenue rose 16% to $1.33 billion in the third quarter of 2026. Net loss widened to $468.7 million from $256.8 million a year earlier. Sales and marketing costs jumped to $605.7 million as the company pushed Predictions. The company expects to invest $650 million to $700 million in Predictions in 2026. DraftKings guided for 2027 revenue of $7.35 billion to $7.75 billion. DraftKings is spending heavily to build its prediction markets business, and the cost showed up in its third quarter results. The company reported a net loss of $468.7 million for the three months ended September 30,…

TLDR Arkansas Attorney General Tim Griffin sued Kalshi and VGW on Wednesday over unlicensed gambling claims. Griffin says Kalshi’s self-exclusion tools and deposit limits show it operates as a gambling platform. The Kalshi suit came one day after more than $330 million was traded on its Senate control market. VGW’s Gold Coins and Sweeps Coins system is at the center of the second lawsuit. Both suits seek restitution, penalties, taxes and customer refunds. Arkansas Attorney General Tim Griffin filed lawsuits on Wednesday against prediction market platform Kalshi and online gaming company VGW. He accuses both companies of offering illegal gambling…

TLDR Google updated YouTube’s ad rules on October 30 to allow personalized gambling ads in the US, Canada, and the UK. Prediction market ads were not part of this expansion and remain limited to the United States. Connecticut, Michigan, Nevada, New York, and Ohio are excluded from prediction market advertising. Advertisers must hold a CFTC license as a Designated Contract Market to run these ads. Kalshi, a leading US prediction platform, can keep advertising in approved states. Google has widened where personalized gambling ads can run on YouTube, but prediction market ads are not part of that change. Those ads…

TLDR New York AG Letitia James filed a petition asking a court to enforce a September 25 subpoena against Kalshi. The subpoena seeks records on influencer marketing, internal policies, proprietary trading, and incentive programs. Kalshi missed the October 5 deadline and moved to quash the subpoena on October 30. Kalshi argues the subpoena covers issues already part of the state’s enforcement case. If the court grants the petition, Kalshi would have 10 days to produce the documents. New York Attorney General Letitia James wants a court to force Kalshi to hand over records on how it pays influencers, runs its…

TLDR Brazil’s Supreme Court held a public hearing on the fixed-odds betting ban on November 3. The CBF expects R$420 million in lost revenue in 2027 because of the ban. 27 of 40 Series A and B clubs have a betting company as their main sponsor. The ANJL said the ban is pushing bettors toward illegal sites. An economist said betting was less than 0.5% of household spending in 2025. Brazil’s ban on fixed-odds betting is putting about R$1 billion in football sponsorship at risk, according to testimony at a public hearing before the Federal Supreme Court (STF). The hearing…

TLDR Italian prosecutors are investigating five people over an alleged €40,000 ($46,000) extortion of soccer player Nicolò Fagioli. Pop singer and DJ Ludovico Franchitti, known as Ludwig, is among the suspects. Police seized the singer’s phones during an October 28 search. A businessman is under investigation for allegedly laundering the €40,000 through commercial deals. Fagioli, who served a seven-month ban in 2023 for betting, is treated as the alleged victim in this case. Italian prosecutors are investigating five people over an alleged scheme to extort €40,000 ($46,000) from soccer player Nicolò Fagioli. The midfielder, who now plays for Fiorentina, is…

TLDR Chile’s 22 licensed casinos posted gaming revenue of CLP 372.774 billion through September, a real drop of 7.9%. Visitor numbers fell 11.25% to 4,067,872 guests in the first three quarters of 2026. Average spend per visitor rose 3.82% to CLP 91,639. Casino tax revenue fell 8.46% in real terms to CLP 141.329 billion. Three municipal concession casinos saw gaming revenue fall 5.9% to CLP 29.163 billion. Chile’s licensed casinos earned less from gambling in the first nine months of 2026, even as the average visitor spent more per trip. The figures come from the Superintendence of Gaming Casinos (SCJ),…

TLDR PlayNewswire has named Gamblers Connect as a media partner. Gamblers Connect has published PlayNewswire releases since 2025. PlayNewswire clients’ campaigns can now appear in Gamblers Connect case studies. PlayNewswire will get an iHub profile and spots in LinkedIn newsletters. The platform accepts payment in card, PayPal, BTC, ETH and USDC. Crypto casinos and other iGaming companies that send press releases through PlayNewswire now have a new route to editorial coverage. The press release distribution platform has named Gamblers Connect, an independent B2B iGaming media platform, as a media partner. The partnership was announced on November 5, 2026. It builds…

TLDR William Hill plans to add three sportsbooks at Terrible’s casinos in Indian Springs, Carlin, and Searchlight. The Nevada Gaming Control Board approved the licenses on November 4. The Nevada Gaming Commission is expected to give final review on November 19. The deal could lift William Hill’s Nevada network to more than 110 outlets. Caesars is running a $1 million parlay giveaway to draw bettors to partner casinos. William Hill, the sportsbook brand owned by Caesars Entertainment, is moving deeper into small-town Nevada. Three new locations tied to Terrible’s casinos could lift its statewide network to more than 110 outlets.…