“These groups do not care about our athletes, our traditions, or Nebraska families. They see our state as another market and every phone as another casino."

DraftKings CEO Jason Robins says the company is in a “win-win spot,” unlike most prediction markets or sportsbooks, where it should succeed regardless of how the Supreme Court views sports event contracts. “If [sports contracts are] the whole business, which for us it is not, then that's obviously critical. There's nothing to look out to if the entire sports business is gone,” Robins said. “On the other side, if you haven't done what we've done and invested and put ourselves in a position where we're meeting players in predictions now, then if a court decision goes the positive way, then that's a pretty tough spot to be in.

Exclusive: FanDuel told Congress in a letter obtained by InGame that it reviewed approximately 30 Cameo videos sent to VIP customers and says they were "customer-appreciation gestures" that "were not commissioned or sent to induce continued gambling." The letter is FanDuel's third response to Sen. Blumenthal, Rep. Foushee, and Rep. Tonko.

Utah’s attorney general has sued Kalshi in state court, alongside one of its biggest market makers, seeking an order for the prediction market to stop offering sports, election, culture, and “mention” markets in the state.

Kalshi -- a company that has built its brand by pushing boundaries and challenging the establishment -- doesn't list college player props and says they are are "subject to manipulation." But two CFTC-registered exchanges currently list them.

Polymarket US and DKeX launched parlays shortly before football season began, and have already seen billions in volume in around eight weeks of trading. Parlay taker stakes on both exchanges are in the hundreds of millions, and taker losses exceed $50 million on both platforms. After Polymarket US first launched parlays Aug. 11, its takers had some early success. On Aug. 21, only the third day in which parlay taker stakes topped $1 million, takers won big, making a profit of $9.4 million after fees on stakes of $4.4 million – more than tripling their stakes, when it appears that parlay market makers may have mispriced some of their quotes. This success could not be sustained, however. ingame.com/parlay-takers-los…

Trading sports event contracts on prediction markets like Kalshi won’t protect consumers from federal gambling taxes, and market makers or the platforms themselves may be subject to eight times the legal gambling excise tax, researchers say. While prediction markets are not taxed by states — although they will be in North Carolina starting Jan. 1, 2027 — a paper from a non-profit tax group suggests the federal government can make a case for taxing the entities like gambling.