I got to ask you about Kshi and Poly Market and this whole prediction market space. You know, you're moving into it with a partnership with them. How you think about that versus, you know, DraftKings and FanDuel and everybody else on that side of things.And also, by the way, what you think of some of these cheating scandals and how you police all of this. >> Uh, great question. So we we have aligned with the prediction market because we believe u our fans need to understand that if they're going to execute ...

Core Insights - The prediction market industry, including companies like Kalshi, is experiencing significant growth driven by the popularity of sports betting [1] - Kalshi and similar platforms emphasize that their operations are not classified as gambling, distinguishing themselves from traditional betting [1] Industry Overview - The rise of sports betting has created a favorable environment for prediction markets, leading to increased user engagement and transaction volume [1] - Companies in this sector are leveraging the growing interest in sports to attract participants to their platforms [1] Company Positioning - Kalshi positions itself as a legitimate alternative to gambling, focusing on prediction markets rather than traditional betting models [1] - The company aims to capitalize on the expanding market by offering unique products that appeal to users interested in forecasting outcomes rather than betting on them [1]

College athletes remain banned from betting on professional sports after NCAA Division I schools vote to rescind proposed rule change. https://t.co/Grp3ndQcd8 ...

College athletes remain banned from betting on professional sports after NCAA Division I schools vote to rescind proposed rule change. https://t.co/D0rl38gdjr ...

Play Pointed, Bloomberg’s news quiz for risk-takers.This week's categories include sports betting, climate change and retail.Bet big on the topics you know, and maximize your score by leveraging your wagers. Choose wisely—wrong answers will cost you https://t.co/VrOkE6cyOx https://t.co/TAT8s0hibd ...

America’s major sports leagues have started to try to limit action on the sorts of bets most vulnerable to manipulation. That’s trickier than it may seem. https://t.co/Hx714UB7nI ...

Sports betting stock Flutter Entertainment PLC (NYSE:FLUT) is falling sharply today, last seen down 8.8% at $213.87, after mixed third-quarter results. Adjusted third-quarter earnings of $1.64 per share handily beat analysts' anticipated 13 cents per share, though revenue of $3.79 billion missed estimates. What's really weighing on the stock, however, is the FanDuel parent's lowered full-year guidance, which it attributed to "unusually customer-friendly sports outcomes," as well as tax adjustments in Illino ...

Financial Data and Key Metrics Changes - Group revenue increased by 17% year-over-year, while adjusted EBITDA grew by 6% in Q3 2025 [5][19] - The company reported a net loss of $789 million for the quarter, compared to a loss of $114 million in the prior year, primarily due to a non-cash impairment charge of $556 million related to regulatory changes in India [18][19] - Adjusted earnings per share grew by 29%, while loss per share increased to $3.91 from $0.58 in Q3 2024 [18] Business Line Data and Key Metrics Changes - In the US, revenue was up 9%, driven by exceptional iGaming growth of 44%, while sportsbook revenue declined by 5% [18] - International revenue increased by 21% year-over-year, with acquisitions contributing 18 percentage points to this growth [19] - iGaming performance showed strong organic growth of 10%, particularly in Turkey and Italy [12][19] Market Data and Key Metrics Changes - Average monthly players engaging with products exceeded 14 million, contributing to revenue growth [5] - The company maintained a 47% market share in net gaming revenue (NGR) in September, despite competitive pressures [11][30] - The international division's revenue reached $2.4 billion, reflecting a 21% increase, with strong performance in Turkey and Italy [19] Company Strategy and Development Direction - The company is strategically positioning FanDuel to capture emerging prediction markets with the launch of FanDuel Predicts in December [6][17] - The focus remains on state-regulated sports betting and iGaming as the most valuable long-term opportunities in the US [8] - The company plans to invest significantly in FanDuel Predicts, anticipating an incremental EBITDA cost of $40-$50 million in Q4 2025 and $200-$300 million in 2026 [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying business performance despite a reduction in full-year guidance due to customer-friendly sports results [5][21] - The competitive landscape has seen heightened generosity from competitors, impacting initial NFL season performance, but management remains optimistic about long-term growth [11][30] - The company is closely monitoring the regulatory environment in India and remains engaged with policymakers regarding potential gaming tax increases in the UK [15][16][60] Other Important Information - The company completed share repurchases totaling $225 million in Q3 and plans to continue the program into 2026, with a commitment to return $5 billion over the coming years [20][21] - The integration of recent acquisitions is progressing well, with a focus on delivering synergies and enhancing the iGaming proposition [13][14] Q&A Session Summary Question: Can you elaborate on the planned investment for FanDuel Predicts? - Management expressed excitement about the product and emphasized a disciplined approach to customer acquisition, monitoring CAC to LTV dynamics closely [25][26] Question: How widespread was the competitive generosity seen at the start of the NFL season? - Management noted that while there was heightened generosity, they maintained a disciplined investment posture and were pleased with their market share performance [30][31] Question: What is the outlook for trading in September and into Q4 in the US? - Management reported strong momentum into Q4, with double-digit handle growth and a positive start to the NBA season [30][31] Question: Can you provide insights on the prediction markets and regulatory engagement? - Management highlighted extensive engagement with stakeholders and optimism about accelerating state legalization of sports betting [34][35] Question: How do you view the competitive landscape with new partnerships like ESPN and DraftKings? - Management acknowledged the competitive dynamics but emphasized their strong product offering and successful partnerships, particularly with Amazon [56]

gambling is in a supertrend & the biggest sports betting apps actually lose money because of how much they spend advertisingonline casinos are going to eat substantial share of revenue from physical locations, especially ones that provide a differientiated user experience ☘️🍀Night Owl (@NightOwlCapital):Two years later..- US sports betting +50% (just the legal reported number)- 0DTE SPX options ~40% of volume in 2023 to >60% in 2025- Online casino revenue growing +30% annuallyThe speculative majority grows. ...

The CFTC regulates futures and swaps events and other things. Swaps are considered, event contracts are considered swaps. So the CFTC was deeply involved in this issue.The CFTC tried to prohibit event contracts on elections, and there was litigation on that topic. And ultimately the event contract prediction market prevailed in court and the CFTC dropped that case. So now you have really a rapid growth in prediction markets, as you noted.Right. It started with elections and we saw it in the 2020 election. T ...