Novig Hits $1.8 Billion in Volume to Take Third Spot in Prediction Markets
Novig, live as a regulated market since August, handled $1.8 billion in 30-day volume, beating Crypto.com to third place behind Kalshi and Polymarket.
Topic
Sports Betting
Topic
Sports Betting
DraftKings Stock Plunges 23.6% After Cutting 2026 Revenue Outlook
DraftKings shares dropped 23.6% to $17.90 after the company cut its 2026 revenue outlook and put up to $700 million into predicti…
Flutter Stock Down 60% as New CEO Spends His Way to Growth
Flutter's new CEO Dan Taylor is leaning on FanDuel promotions and rewards after a Q3 miss: $1.15B net loss, guidance cut, and buy…
Fanatics Stuck at No. 3 as Nebraska Rejects Betting
Nebraska voters rejected online betting 54.5% to 45.5%, and Fanatics trails FanDuel and DraftKings, which hold 75-80% of the U.S.…
Kalshi Grows to $4 Billion Revenue With No VPs and No 'Heads Of'
Kalshi hit a $4 billion annualized revenue run rate in June, up from $775 million in December, with a structure that has no VPs a…
NFL Asks Supreme Court to Settle Prediction Market Turf War
NFL-linked contracts drove $1.8 billion of trading on one season-opening Sunday. The league wants the Supreme Court to decide whe…
Americans Wagered $166 Billion on Sports in 2025—More Than Movies, Music and Museums Combined
Americans bet $166 billion on sports in 2025, more than double what they spent on movies, music, museums and books. Including pre…
America Wagered $166 Billion on Sports in 2025—More Than Movies, Music and Museums Combined
Americans wagered $166 billion on sports in 2025, dwarfing the combined $70 billion revenue of U.S. movies, music, books and muse…
Sports Betting Meets Wall Street: ETF Issuers Bet on Team Performance Funds
Rex Financial's Alpha Sports will build ETFs on CME's FutureSports indexes, tracking every MLB and NHL team — but after-hours gam…