Business
MGM & Caesars shun prediction markets to protect casino licences
MGM & Caesars are staying out of prediction markets over fears it could cost them their Nevada casino licences.
Reporting & guides
Scandal
$30.2m judgment ducked: Vegas Dave’s bail now set at $1m
A Las Vegas judge has issued a second arrest warrant for betting influencer Vegas Dave after he again failed to show up in court.
Markets
Sweeney took equity over cash for Novig ad campaign
Novig's valuation has quadrupled to $2bn in under eight months, according to multiple outlets citing unnamed sources.
Regulation
US courts split on Kalshi: derivative or sports bet?
US courts disagree on whether sports prediction contracts are federally regulated derivatives or state-regulated bets, & the Supreme Court may decide.
Markets
Mattress Mack bets $516k on Kalshi for Astros title
Jim McIngvale used prediction market Kalshi instead of a sportsbook to hedge his Astros furniture promotion.
Scandal
MLB pitch-rigging case: judge refuses to toss wire fraud charge
A US judge has refused to dismiss a wire fraud conspiracy count against former Cleveland Guardians pitchers accused of rigging pitches for bettors.
Regulation
Brazil blocks 5,209 betting sites after Lula’s total ban
Brazil has blocked over 5,000 illegal betting websites & 2,000 social media profiles since Lula's betting ban took effect.
Markets
Robinhood to offer Cboe earnings bets on Apple, Tesla
Robinhood will be the first broker to offer Cboe's earnings-linked prediction markets, pending regulatory approval.
Scandal
Jimmy the Greek accused of church candle death threats
US prosecutors want alleged illegal gambling boss Jimmy the Greek kept in custody over threatening videos sent to debtors.
Markets
Combo betting doubles to $41.7bn as rivals eat Kalshi’s share
Kalshi's prediction market volume grew but rivals took a bigger slice of the combo boom.