Sports betting

Flutter Entertainment Acquires Majority Stake of Brazilian Operator NSX Group via $350M Deal

Flutter Entertainment, the global leader in online sports betting and iGaming, announced on May 14, 2025, the completion of its acquisition of a majority 56% stake in NSX Group, the operator behind the prominen...

Brazil’s Ministry of Sports and Sportradar Join Forces to Combat Match-Fixing

Brazil’s Ministry of Sports has entered into a formal Technical Cooperation Agreement (ACT) with Sportradar Group AG, a global leader in sports data and integrity services, to strengthen efforts against match-f...

Michigan Cracks Down on Four Offshore Gambling Sites in Latest Legal Push

The Michigan Gaming Control Board (MGCB) has stepped up its enforcement actions against illegal online gambling by issuing cease-and-desist letters to four offshore operators—You Wager, Bet Pop Casino, Wager 7,...

New York Sportsbooks Rebound in April with $192.7M Revenue

New York’s online sports betting market recorded its strongest April to date, as the state’s nine licensed operators collectively took in $2.15 billion in wagers and generated $192.7 million in gross gaming rev...

Oklahoma’s Sports Betting Push Hits Wall as Bills Die in Senate

Efforts to legalize sports betting in Oklahoma have once again ground to a halt after the state Senate failed to act on two key bills before the legislative session ended. Despite passing through the House with...

NCAA Reportedly Closer to Lifting Ban on Professional Sports Betting

The NCAA is reportedly edging closer to a pivotal change in its stance on sports betting, with a proposal in motion to lift its longstanding prohibition on wagering on professional sports by athletes, coaches, ...

Alberta Moves Closer to Launching Regulated Sports Betting Market

Alberta has reached a key milestone in its path toward establishing a regulated sports betting market. On May 8, the Alberta legislature’s Committee of the Whole passed Bill 48, officially known as the iGaming ...

Genius Sports Reports Strong Q1 2025 Growth, Led by Betting Segment

Genius Sports has posted a robust performance for the first quarter of 2025, with total group revenue rising 20% year-over-year to $144 million. The company’s Betting Technology, Content & Services segment ...

CFTC Ends Legal Battle Over Kalshi Election Markets, Marking Pivotal Shift

The U.S. Commodity Futures Trading Commission (CFTC) has officially stepped back from its legal battle with prediction market operator Kalshi, abandoning its appeal of a ruling that had cleared the company to o...

NBA Presses CFTC for Oversight as Prediction Markets Expand Rapidly

Over the past several months, the National Basketball Association has intensified its scrutiny of sports prediction markets, becoming the second major U.S. league to formally raise concerns with the Commodity F...

2025 Kentucky Derby Sees Record Turnout, Bets, and Viewership

More than 147,000 fans braved rain and cooler temperatures at Churchill Downs for the 151st running of the Kentucky Derby, where Sovereignty surged ahead in the final stretch to win by a length and a half. The ...