The fund-raising effort, the company’s third this year, values it at $11 billion, and comes amid stiff competition in the increasingly popular industry.
Category: Gambling
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Is Your College Football Team Short of Cash? Sports Betting Can Help.
Louisiana lawmakers tried a novel strategy for raising revenue, a model that proponents say might work more broadly.
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Being In an N.B.A. Player’s Entourage Is Fun. Now, It Can Be a Gambling Edge, Too.
The federal indictments against N.B.A. players and others for illegal betting exposed a new wrinkle in the way old friends can benefit from their access to an athlete.
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The Wider Costs of the N.B.A. Insider-Trading Scandal
Criminal charges over a wide-ranging betting ring have called into question the sports world’s embrace of legalized gambling.
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G. Michael Brown, 82, Dies; Gambling Regulator Became Casino Executive
He was a watchdog over casinos when they were introduced in New Jersey. He went on to run the nation’s most profitable one, in Connecticut.
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What’s the Deal With All Those FanDuel Ads?
Peter Jackson, the chief executive of Flutter Entertainment, FanDuel’s parent company, is fighting for attention as online gambling spreads across the United States.
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Kalshi, a Fast-Growing Prediction Market, Raises New Funds
The fund-raising round comes as online prediction marketplaces gain mainstream prominence.
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Stock Exchange Parent to Take Big Stake in Polymarket
The $2 billion deal values the crypto-powered betting site, where users can wager on politics, sports and more, at about $8 billion.
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Is Sports Betting Illegal in Your State? Not if You Call It a ‘Prediction Market.’
Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes.
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In-Game Sports Betting Is Growing. So Are the Concerns.
In-game betting is predicted to grow to more than $14 billion by the end of the decade. It’s a huge part of the sports gambling industry. Public health officials worry that it could be increasing the risks for gamblers.
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Cruise Ship Passenger With $16,000 Gambling Debt Jumps Overboard
The man, who was rescued, told authorities he was trying to avoid declaring money in his possession, but Royal Caribbean said he also had casino and gaming losses.
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As Powerball Nears Record, Ticket Buyers Dream of New Houses and Winning in Secret
The Powerball jackpot hit $1.8 billion ahead of Saturday’s drawing, making it the second-largest and inspiring many to play.