Prediction market operator Kalshi has reportedly entered into discussions with several investment banks over a potential initial public offering (IPO), according to sources familiar with the matter. Kalshi’s talks with investment banks have been spurred on by its growing revenue. The prediction market operator has now passed $2 billion in annualized revenue, a massive increase…
DraftKings has extended its deal with compliance technology firm GeoComply, continuing a partnership that has been ongoing for more than a decade. The agreement comes after the launch of DraftKings’ Super App, which lets customers access sportsbook or sports prediction markets depending on their location, for which GeoComply will continue to provide real-time geolocation and…
Online casino games developer Incentive Games has launched four of its real-money gaming titles developed by its games studio Incentive Studios in Ontario through a partnership with BetMGM. Under the partnership, the titles Velocity, Mega Flight, Kicker, and Squid Game Red Light Green Light will be available to Ontario players on the BetMGM platform. According…
Casino game provider IGT has partnered with the casino and entertainment venue Mohegan Sun to launch its Wheel of Fortune Cash on Reels slot, the latest in the Wheel of Fortune series of slot games. The two companies marked the title’s release with a promotional event in Mohegan Sun’s Casino of the Sky. The event…
Sports betting technology group Sportradar has announced a first-of-its-kind multi-year partnership with prediction market operator Kalshi, becoming the operator’s official data provider. Under the agreement, Sportradar will supply Kalshi with its content across an array of sports leagues, including the MLB, NHL, MLS, and UFC, as well as others. Sportradar will also be able to…
Sports betting content and data provider BETER has extended its presence in the US after its Setka Cup table tennis content was approved for inclusion in Illinois’ Sports Wagering catalog. The authorization was issued by the Prairie State’s casino gaming and sports betting regulatory authority, the Illinois Gaming Board, and it means that BETER can…
April marked the first full month of DraftKings and FanDuel sports betting operations in Arkansas after both received regulatory approval to enter the state’s betting market by the Arkansas Racing Commission. Both launched their respective sportsbooks on March 20, with DraftKings partnering with Southland Casino and FanDuel with Oaklawn Casino. Since then, the two casinos…
Swedish gaming company Play’n GO has been given a license to supply online gaming content in Alberta, expanding its presence in the North American-regulated market. The license was issued by the provincial regulator, the Alberta Gaming, Liquor and Cannabis Commission, and allows the company to provide online casino games to licensed operators in the province.…
The Commodity Futures Trading Commission (CFTC) and the NHL have signed a Memorandum of Understanding (MOU) that they say will improve the oversight of prediction markets linked to hockey events. Announced on May 21, the agreement establishes a framework for cooperation between the federal regulator and the league to help monitor event contracts offered on…
Prediction market Kalshi has entered into a two-year, $2 million strategic initiative with the National Council on Problem Gambling (NCPG), the largest national responsible gambling nonprofit in the US. Kalshi will join the NCPG’s new Financial Services and Trading Subcategory as a platinum-level member, becoming the first prediction market operator to do so. The initiative…
