25 February 2026
Rush Street Interactive posted record 2025 revenue of $1.13 billion, pairing top-line growth with higher profitability.
Fennica Gaming entered Mexico through a new content deal with Novibet, launching eight online casino titles on the operator’s platform.
Financial technology leader Tradeweb has entered into partnership with Kalshi as it aims to introduce prediction markets to more institutional access. The deal, which has also seen Tradeweb take a minority stake in Kalshi, signals a growing convergence between traditional institutional trading infrastructure and event-driven markets.
Novig, a business founded in 2021 by Harvard students Jacob Fortinsky and Kelechi Ukah, has reached a $500 million valuation after raising $75 million in a Serie B funding round. The New York-based company, which is backed by venture firm Pantera Capital, is aiming to compete with Polymarket and Kalshi.
Evolution reported flat 2025 revenue and a 9 percent EBITDA drop as regulatory pressure in Europe offset growth in North America and emerging markets.
NBA Commissioner Adam Silver says prediction markets should be treated like sportsbooks, even as other leagues explore commercial partnerships with the platforms.
DraftKings is expanding its Predictions event contract app via a new Crypto.com exchange link. The update adds NFL and NBA player markets and broadens the sports menu.
Coinbase is expanding its prediction market strategy as state-level legal challenges intensify across the US.
ARB Interactive is using grocery giveaways to drive sign-ups, mirroring prediction market rivals’ mass-market acquisition tactics.
DraftKings’ softer 2026 guidance triggered a selloff as investors focused on spending tied to prediction markets and expansion plans.
