The Trump administration and Mexico targeted gambling establishments with alleged financial links to Latin American drug cartels, with the US sanctioning several individuals and 10 casinos https://t.co/hW9KpkvvV5 ...

Core Insights - CME Group and FanDuel are launching a new prediction market product called FanDuel Predicts in December, allowing users to wager on sporting events, gas prices, and cryptocurrencies [1] - The product will be available only in states where sports betting is not yet legal and will be excluded from tribal lands [2] - Flutter CEO Peter Jackson highlighted that FanDuel Predicts presents an immediate growth opportunity, particularly in states where FanDuel sportsbook is not available [3] Market Context - The joint venture is part of a trend among gaming companies and crypto exchanges, with similar launches from DraftKings and Coinbase [4] - Prediction markets have gained popularity, especially following the success of platforms like Polymarket and Kalshi, which facilitated significant trading volumes leading up to the 2024 US Presidential election [5] - Weekly notional volume for prediction markets reached approximately $2 billion in November, peaking at $3 billion recently, primarily driven by sporting events [5] Regulatory Landscape - The rise of prediction markets has attracted attention from state regulators, leading to disputes over regulatory authority [6][7] - The New York Gaming Commission issued a cease-and-desist letter to Kalshi for operating without a gaming license, and similar actions have been taken against other companies like Crypto.com [8]

ProphetX is applying to go nationwide in the US and take on its rivals in the booming industry for sports-themed prediction markets and wagering https://t.co/qj8Gc5kzFA ...

Core Insights - Wynn Resorts, Limited (WYNN) reported mixed third-quarter 2025 results, with earnings missing the Zacks Consensus Estimate but revenues exceeding expectations, showing an 8.3% year-over-year increase [1][4][10] Financial Performance - Adjusted earnings per share (EPS) for the quarter were 86 cents, below the Zacks Consensus Estimate of $1.09, compared to 90 cents in the prior-year quarter [4][10] - Quarterly operating revenues reached $1.83 billion, surpassing the consensus mark by 3.9% [4] Operational Highlights - Strong performance was noted across Wynn Resorts' properties, particularly in Macau and Las Vegas, with Macau benefiting from market share gains and increased mass table drop [2][10] - Wynn Palace's operating revenues were $635.5 million, up 22.3% year over year, while casino revenues increased by 29.8% to $542.4 million [5] - Wynn Macau's operating revenues were $365.5 million, reflecting a 3.9% year-over-year increase, with casino revenues rising 6% to $314.5 million [6][7] - Las Vegas operations generated $621 million in revenues, a 2.3% increase year over year, with casino revenues jumping 11.3% to $161.6 million [8] Project Developments - Progress was made on the Wynn Al Marjan Island project, with construction advancing toward completion [2] Cash Position and Debt - As of September 30, 2025, Wynn Resorts had cash and cash equivalents totaling $1.49 billion, down from $1.98 billion in the prior quarter [13] - Total outstanding debt amounted to $10.57 billion, including $5.81 billion related to Macau operations [13] Market Reaction - WYNN stock experienced a 1% decline in after-hours trading following the earnings release [3]

Industry Trend - DraftKings CEO suggests Polymarket-style prediction markets may expand sports betting access in more US states [1]

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Market to get a little muddier when they reported tonight. Now, DraftKings delivered a pretty sizable revenue miss larger than expected loss for the third quarter. But at the same time, management also slashed full year forecasts for both revenue and earnings before interest, taxes, depreciation and amortization.It looked rough, but I got to get to the bottom of this because I've been recommending the stock because I think that this is the best company in gambling. So let's dig deeper with Jason Robbins. He ...

DraftKings reported revenue and user numbers that missed analysts’ projections at the start of the NFL season and lowered its guidance for the year https://t.co/fiy22vxb7E ...

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