Following Penn Entertainment’s announcement earlier this week to terminate its 10-year, $1.5 billion sports betting partnership contract with ESPN, DraftKings seized the opportunity to establish a new partnership with the sports media giant. DraftKings Official Sports Betting Partner of ESPN What a difference a day makes. One day, Penn Entertainment is struggling through its $2
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Google Finance tools will soon include “prediction market” odds from federally regulated industry leaders Kalshi and Polymarket, which will not only add value for Google users but also legitimize a rather legally murky prediction betting market. Harnessing Wisdom of the Crowds Details about how Google Finance users will be able to access Kalshi and Polymarket
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Caesars Entertainment CEO Tom Reeg has made it clear that the iconic gaming company will not navigate the tumultuous waters of prediction market sports event contracts, fearing it would tarnish the company’s relationship with state regulators. Cautious Approach Unlike mobile sports betting leaders FanDuel and DraftKings, Caesars CEO Tom Reeg announced on a third-quarter earnings
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Reports indicate a predictable decline in tourism to Las Vegas, following several months of struggling numbers. However, some believe that the Las Vegas Strip will rebound, while others feel they have priced themselves out for good. Has Sin City Lost Its Luster? Many believe the decrease in tourism to Las Vegas is multi-layered. In contrast,
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The NBA gambling scandal that rocked the league will be subject to more intense scrutiny by gaming regulators nationwide, and Virginia is at the forefront of this movement. NBA Under Scrutiny Portland head coach Chauncey Billups and Miami Heat veteran guard Terry Rozier were both recently arrested and charged in two separate indictments related to
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Although the Badger State is without legalized mobile sports betting, a small step has been taken in the legislature to advance that cause. Senate Bill 592 was introduced to give Native American tribes exclusive control of the mobile sports betting industry should it become legal. Florida Blueprint Only Florida has granted Native American tribes a
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