23 May 2026
DraftKings posted a profitable first quarter as sportsbook margin improved and its prediction market push moved deeper into the main app. The company kept its full-year guidance unchanged.
Coinbase reported a weak first quarter, but prediction markets emerged as one of its faster-growing new products. The company said the category passed $100 million in annualized revenue in March.
Despite the emerging threat of prediction markets, Las Vegas gaming executives remain upbeat about the future of gambling in the city, with 60% forecasting an increase in capital investment. A survey by the American Gaming Association (AGA), the industry trade body, also found executives expect revenues to rise.
The prediction market company Kalshi is planning to announce an additional $1 billion in funding this week, according to reporting from the New York Times. The company is expected to confirm on Thursday it raised the amount in a funding round led by Coatue Management that values the prediction-markets startup at $22 billion.
DraftKings says faster micro markets could move deeper into sports prediction markets. The comments come as regulators and lawmakers keep testing where event contracts fit.
FanDuel has changed leadership after a slower start to the year for its U.S. sportsbook business. Flutter is also tightening links between its U.S. and international operations.
The digital gaming and interactive division of Novomatic, Greentube, has signed a deal with Czech iGaming operator Kingsbet as it continues its expansion across regulated European markets. The agreement was signed for an undisclosed amount but remains subject to several conditions, with regulatory approval yet to be confirmed.
The popular online sports betting and casino platform Stake is launching in Mexico as its expansion into Latin America begins to pick up steam. The site, which can count the likes of R&B superstar Drake and Everton FC among its ambassadors, will go live ahead of the World Cup this year.
FanDuel has become Formula 1’s Official Betting Operator in the United States and Canada. The deal gives the sportsbook a role across F1’s race-weekend digital coverage and betting content.
Caesars has stopped accepting credit card deposits across its U.S. online gambling brands. The move brings the operator closer to rivals and states that have already moved away from borrowed-fund account funding.
