The gambling industry in the United States is highly developed. Cities like Las Vegas are famous for their large casinos, offering a wide variety of gambling options. Additionally, lotteries are also popular nationwide with a variety of types available. Furthermore, some regions also allow legal spo
IG Group plans to acquire Underdog with an upfront payment of $1.1 billion plus up to $200 million in seller performance consideration, with the transaction expected to be completed by the end of 2026 or early 2027. The deal places contracts for difference, financial trading capabilities, a fantasy
In the 2026 midterm election cycle in Florida, interest groups related to casinos, sports betting, online gaming, and prediction markets have invested at least $12.2 million in state-level candidates or committees.Key Facts and BackgroundAs of July, campaign finance reports show that about three-qua
Maine completed the legalization of online casinos in January this year, and the law officially took effect in July. The state's gambling control department has started rule-making and views 2027 as a potential launch window.Core Facts and BackgroundGovernor Janet Mills neither signed nor vetoed LD
Derek Stevens, the founder of Circa Sports, criticized the prediction markets for not bearing the same taxes and public responsibilities as state-level sports betting, stating that sports betting with low hold percentages has felt the diversion of transaction volume.Key Facts and BackgroundHe listed
The U.S. Commodity Futures Trading Commission stated that if the New York State court prohibits Kalshi from offering event contracts within the state, the Commission may require the platform to continue trading, further escalating the conflict between federal and state regulations.Core Facts and Bac
htmlDetroit's three commercial casinos collectively generated revenue of $111.6 million in July, up 9.6% from $101.8 million in June, and surpassing the $106 million from the same period last year.Key Facts and BackgroundThe year-over-year increase of 5.3% indicates a market recovery after a declin
Scott Sibella's lawyer claims that MGM in Las Vegas focused the responsibility on individuals in the anti-money laundering investigation, while several casinos had hosted the involved illegal bankers and their associates.Core Facts and BackgroundThe investigation involves personnel such as Mathew Bo
Macquarie analysts believe that DraftKings remains one of the companies with the most structural growth potential in the gambling industry, giving a target price of $38, implying about a 52% increase from the stock price at the time of the report.Core Facts and BackgroundThe company's second quarter
htmlThe Palms Hotel Casino in Las Vegas has launched the "55 Stories of Fame" interactive project, allowing guests participating in designated activities to project their personal images onto the 55-story Tall Wall exterior.Key Facts and BackgroundThe exterior wall is visible from Las Vegas Bouleva
West Virginia University receives $300,000 in funding to study the gambler's fallacy, near-miss parlay bets, and chasing losses in sports betting, aiming to identify risk signals that can be intervened in real time.Core Facts and BackgroundThe study focuses on the behavior of increasing bet amounts
DraftKings has submitted nine types of American football event contracts and combination products for its proprietary DKeX trading platform, continuing to explore the prediction market as a new channel beyond its sports betting territory.Key Facts and BackgroundThe products filed cover event outcome
Virginia's lottery sales for the fiscal year 2026 reached $6.36 billion, surpassing $6 billion for the first time, and submitted $914 million to the state government for public education.Key Facts and BackgroundSales increased by more than 10% year-over-year, approximately a $588 million increase, w
The CEO of Flutter stated that in U.S. states where online sports betting is legalized, the market diversion to traditional sports betting remains limited, and licensed sports betting products maintain an experience advantage.Key Facts and BackgroundThe company believes that the market depth, gamepl
Wisconsin's newly approved online sports betting framework is being sued by conservative groups, with plaintiffs seeking to block the implementation of laws that allow tribes to offer mobile betting through server locations.Core Facts and BackgroundThe lawsuit was filed in Waukesha County Circuit Co
In the past two years, Nevada regulators have imposed millions of dollars in fines on five major gaming brands, including Resorts World, MGM, Wynn, Caesars, and The Venetian, for anti-money laundering violations on properties along the Las Vegas Strip.Key Facts and BackgroundThe recent slowdown in p
htmlThe Federal District Court of Connecticut denied the preliminary injunction applied for by Kalshi, clearing a procedural hurdle for the state to enforce its gambling laws against its sports event contracts.Key Facts and BackgroundEarlier this year, Kalshi sued the Connecticut Department of C
