Tag: DraftKings Inc
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New Jersey asks the Supreme Court to take on prediction markets
The petition comes after a key ruling from the 9th U.S. Circuit Court of Appeals on sports-event contracts.
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U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April.
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Prediction markets entrant Novig posts more than $125 million in trading volume during its first week
The newly launched Novig has reported over $125 million in notional trading volume.
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Prediction markets and sports betting: How this UK exchange is trying to do both in the U.S.
Smarkets is entering the U.S. prediction market race but also applying to run as a sportsbook within states amid regulatory uncertainty at the federal level.
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Prediction markets take center stage in latest round of quarterly earnings reports
Recent quarterly reports from DraftKings, Flutter Entertainment and others offer a view into prediction markets businesses and their performance.
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Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
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Billionaire John Arnold commits $2.6 million to study online sports betting risk
John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.
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VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
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Meta is building a prediction markets app. These stocks are falling in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction market platform, internally known as “Arena.”
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Novig wins CFTC approval as competition intensifies in sports prediction markets
Novig is building a peer-to-peer sports trading platform that allows users to trade directly against one another rather than bet against the house.
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