1+ day, 12+ hour ago   (537+ words) Just two of NFL Week 1 games are in the books, but it’s already clear the most wagered-on sport in the U.S. is likely to drive a tidal wave of prediction market activity this season. In a report out late Friday,…...

2+ day, 18+ hour ago   (249+ words) Interestingly, most other sites did not see the same price surge. Predictit, for example, did not have any sudden movements in Machado odds. They ldid not have sufficient liquidity to take on unexpected last minute action with the same volume…...

2+ day, 22+ hour ago   (601+ words) Just days after abandoning its daily fantasy sports (DFS) licenses in seven states, Underdog has launched legal action against five, seeking a permanent injunction against the enforcement of state gaming laws against its prediction markets. On Tuesday (September 8), the operator…...

3+ day, 19+ hour ago   (434+ words) With sports event contracts accounting for a significant percentage of volume on prediction markets, yes/no exchanges are viewed as competitive threats to online sportsbook operators. The 12-month price declines for stocks such as DraftKings (NASDAQ: DKNG) and Flutter Entertainment…...

4+ day, 16+ hour ago   (381+ words) Mark Keast Mark is a long-time, seasoned journalist, as a writer and editor, working for several Toronto daily newspapers, then moving over to the digital arena, covering both sports and business. Over the past few years he moved over to…...

5+ day, 18+ hour ago   (624+ words) The NFL has doubled down on its call for prediction markets to stop offering sports event contracts it says are vulnerable to manipulation, insider information, or other threats to the integrity of its games. In a letter sent Thursday (September…...

5+ day, 21+ hour ago   (371+ words) Mark Keast Mark is a long-time, seasoned journalist, as a writer and editor, working for several Toronto daily newspapers, then moving over to the digital arena, covering both sports and business. Over the past few years he moved over to…...

5+ day, 23+ hour ago   (605+ words) Underdog has chosen to surrender its licenses to operate daily fantasy sports (DFS) in seven states rather than retreat from prediction markets. The move comes after state regulators told the New York-based company that its federally regulated prediction platform was…...

1+ week, 18+ hour ago   (457+ words) Mark Keast Mark is a long-time, seasoned journalist, as a writer and editor, working for several Toronto daily newspapers, then moving over to the digital arena, covering both sports and business. Over the past few years he moved over to…...

1+ week, 2+ day ago   (607+ words) Following recent, opposing rulings on prediction market cases by the Third and Ninth Circuit Courts of Appeals, consensus is building in the investment and legal communities that it’s just a matter of time before the U.S. Supreme Court hears at…...