Tag: Prediction markets
California tribes engaged in battle in multiple theaters: Ranking the opponents
California tribes and tribal gaming groups are not made from a stock that will back down from a fight, especially if it’s on home turf,... more
Here’s a recap of this session’s Nevada legislation impacting the gaming industry
The Nevada Legislature wrapped up its session in June. Some bills impacting the gaming industry went into effect Tuesday; others will go... more
Kalshi hits $2 billion valuation after latest funding round
Tarek Mansour, CEO of prediction platform Kalshi, announced in an X post that the company has closed a US$185 million funding round and is... more
Tribes file amicus brief in Kalshi-Maryland lawsuit
A group of 27 federally recognized tribes and seven tribal associations has stepped into the legal fight between Kalshi and the state of... more
Upstart prediction market leader Kalshi has invaded sports betting. Here’s why it matters to Nevada
Nevada’s gaming companies have invested millions of dollars in their sportsbooks since casinos took their first sports wagers in 1949.... more
Gaming execs: Sweepstakes operators on the run
Gaming executives and tribal leaders said Wednesday they believe they have sweepstakes operators on the run. They also waxed optimistic... more
FanDuel, Kalshi have discussed a deal: report
FanDuel has discussed a deal with the upstart trading exchange Kalshi that would include various betting efficiencies, Front Office Sports... more
Moment of ‘truth’: Parsing the semantics and antics behind Kalshi’s claim
Tarek Mansour, the CEO and co-founder of Kalshi, turned heads twice this spring with his use of the word “truth” on the social media... more
Tribes are free to offer event contracts, says CFTC nominee at Senate hearing
President Donald Trump’s pick to lead the Commodity Futures Trading Commission (CFTC) Brian Quintenz Tuesday began the confirmation... more
Why Nevada gaming regulators are on the warpath against sports prediction platform Kalshi
Nevada sportsbook operators were smiling Thursday evening during much of the opening game of the NBA Finals between the Oklahoma City... more