News

Yankees sign Polymarket as official prediction market partner through 2026 season

The New York Yankees have named Polymarket their official prediction market partner, adding stadium signage, fan activations and hospitality inventory in a deal that runs through the end of the 2026 season.

US iGaming stocks lose about $3bn as Flutter shares sink 11%

Around $3bn was wiped off the value of major US iGaming stocks, with Flutter leading the decline after cutting guidance and replacing its group CEO.

Tribal lawsuits put prediction markets’ legal status under fresh scrutiny

Tribal governments, states and gaming operators are pressing courts to decide whether sports-related prediction market contracts are gambling or federally regulated financial products.

FanDuel, BetMGM and Penn Brace for Fierce NFL Season Competition After World Cup Surge

A strong World Cup summer and record prediction-market activity have major U.S. betting operators preparing for a highly competitive NFL season, with FanDuel folding Predicts into a unified app and rivals warning of aggressive marketing spend.

ForecastEx files for prediction market volume contract as DraftKings and Polymarket push category growth

ForecastEx has filed with the CFTC for a contract that would settle based on annual trading volume across regulated prediction market exchanges, a sign of how quickly the sector is evolving.

Flutter Q2 Revenue Tops Estimates as U.S. Investment Weighs on Profit, FanDuel Predicts Expansion Continues

Flutter Entertainment beat revenue expectations in the second quarter, but heavier U.S. promotional spending, loyalty investment, and cost actions pressured earnings as the company also confirmed a CEO transition.