Sports Betting News

DraftKings CEO Jason Robins reported losses of around $300 million from the NFL season, but touted a new deal with ESPN and the upcoming launch of its prediction platform. He believes the company is setting itself up for big things in 2026.

The Wisconsin Senate Committee on Agriculture and Revenue began discussions over Senate Bill 592 this week. The bill would allow tribal gaming groups to start offering online sports betting, with servers hosted on their lands.

Disney and Penn Entertainment announced they have mutually agreed to end their partnership to operate ESPN Bet, which will close across the US on December 1. ESPN has agreed to make DraftKings its official betting partner, providing odds and more.

A recent report showed that Kalshi’s sports contract pricing still lags behind the sports betting industry. This, combined with increased competition and mounting lawsuits, has led many industry analysts to wonder if the giant is in trouble.

A massive betting scandal involving the NBA has drawn the attention of Congress. Lawmakers have reached out to officials from the country’s top sports leagues over concerns about their relationship to sports betting, forcing operators to make a difficult choice.

The NBA’s Oklahoma City Thunder has proposed a legal sports betting market in Oklahoma. It would allow the NBA team to share licensing rights and revenue with tribal gaming groups that are open to working with the team.

DraftKings has acquired CFTC-licensed Railbird Exchange after months of negotiations, paving the way for the operator to launch a prediction market platform. The purchase comes soon after FanDuel confirmed it would launch its own prediction markets by the end of 2025.

The NHL has announced it has made Kalshi and Polymarket the league’s official sports prediction market partners, making it the first league to do so. The deal will allow for in-game and on-screen NHL events, including the Winter Classic.

Christian Pulisic injured his hamstring during a USMNT friendly against Australia, leaving questions about his status ahead of the 2026 World Cup. The team is now on edge, waiting for an update on the injury, along with Pulisic’s club, AC Milan.

BetMGM CEO Bill Hornbuckle confirmed that the company is still avoiding sports prediction markets and continues to follow state sports betting regulations. The comments also reaffirmed MGM’s belief that the controversial industry is not guaranteed to succeed.