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PrizePicks has announced a multi-year partnership with Polymarket that will let the US based sports entertainment company offer event contracts through Polymarket’s upcoming prediction platform. According to both companies, the integration will give PrizePicks users access to markets on sports, entertainment and cultural events right inside the PrizePicks app.
The deal comes as Polymarket gets...
Bally’s Corporation has posted its Q3 financial results, with revenue having climbed further as the casino segment thrives amongst other markets.
The company, which operates 19 casinos across 11 states along with online sports betting operations, reported revenue of $663.7 million, which represents an increase of 5.4% year over year.
The Casino and Resorts revenue, however, saw a major 12.1% rise...
Kangwon Land Casino in South Korea said it has made history by launching the world’s first AI-based counter room automation robot system.
It was announced earlier this month that the system, which combines AI and robot technology to effectively count cash collected from slot machines and games, had been in operation since September.
Following this two-month stabilization process, Acting CEO Choi...
A judge has ruled in favor of prediction market company Kalshi, which has been amidst an ongoing legal case for some months now.
Earlier in the year, in June, three California tribes sued Kalshi and Robinhood for what they claim to be illegal sports gambling. The tribes involved include the Blue Lake Rancheria, the Chicken Ranch Rancheria of Me-Wuk Indians, and the Picayune Rancheria of the...
The Major League Baseball (MLB) has announced it’ll be putting a cap wager on ‘micro-bet’ pitch-level markets as it works closely with sportsbook partners to ‘proactively create new safeguards.’ This comes at the same time as two of the sports players, Emmanuel Clase and Luis Ortiz, have been charged after allegedly placing fraudulent sports bets.
This means that all MLB authorized gaming...
A new poll from the prediction market operator Kalshi shows that most Americans want access to prediction markets and would rather see them overseen by the federal government instead of state gambling regulators.
The timing isn’t a coincidence. The results come at a time when gaming commissions in several states are debating whether these markets should fall under their authority, a decision that...
The CEO of the UK’s Betting and Gaming Council has outlined a warning that £8.4 billion ($11.1 billion) in bets could go to the black market if the proposed tax hike goes ahead.
On the heels of its warning about the potential impact on jobs at the end of last month, the CEO of the Betting and Gaming Council, Grainne Hurst, shared an open warning on November 7 to the Chancellor and the UK...
A new bill from Assemblyman Clyde Vanel would give lawmakers the power and framework to regulate prediction markets in the state of New York.
Vanel’s Bill A.B. 9251 was revealed on Friday (November 7) with the official purpose “to amend the general business law, in relation to prediction markets”. This comes amid rising concerns in New York and beyond that prediction markets are a way to sidestep...
Four arrests have been made by the Honolulu Police Department between two raids as part of an illegal gambling investigation.
Honolulu officers from the city’s Narcotics/Vice Division made four arrests after carrying out search warrants on two locations. The first took place on November 4 on Wanini Street, where arrest records show that three men were arrested just after 6pm.
Chenjie Jyang, 27,...
The Social Gaming Leadership Alliance (SGLA) has recategorized online sweepstakes games amid controversy around the gaming sector.
A blog written by SGLA Managing Director Sean Ostrow has launched “Social Plus”, a new term for online sweepstakes games. The rebranding is a clear pushback to critiques of the sector coming from virtually all sides, ranging from state government in Minnesota to...