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News Reports

Gambling News: Utah Court Accelerates Proceedings in CFTC-Related Lawsuit; Missouri Faces Lawsuit from Disadvantaged Party

The legal conflict between the state of Utah and prediction markets is intensifying: a federal judge has set an expedited schedule for a lawsuit brought by the U.S. Commodity Futures Trading Commission (CFTC), while the firm Susquehanna has contested Utah’s characterization of its activities as “gambling.” Meanwhile, Underdog has filed a lawsuit against officials in […]

News Reports

New York, USA: The Oneida Indian Nation’s Turning Stone Casino has resumed operations following a cyberattack, with credit card payments and gaming services now fully restored.

A cyberattack that occurred on Monday, November 2, 2026, disrupted computer systems, ATMs, payment services, and telephone lines at Turning Stone Resort Casino and other enterprises owned by the Oneida Indian Nation. These operations are now gradually returning to normal. Turning Stone announced on Thursday that it has resumed accepting credit card payments for food […]

News Reports

DraftKings has lowered its 2026 profit forecast to a maximum of $625 million; quarterly losses have nearly doubled, while third-quarter revenue grew by 16%.

Despite a 16% increase in third-quarter revenue, DraftKings has lowered its full-year 2026 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) forecast by as much as $625 million, citing investments in its “prediction markets” business. The company now expects an adjusted EBITDA of $175 million to $275 million, down from its previous projection of […]

News Reports

How the House Always Wins (and Why It’s Still Smart to Bet)

“The house always wins”—perhaps you’ve heard this saying? It sounds definitive, as if you’re destined to lose before the game even begins. While the odds are always tilted in favor of the “house,” this doesn’t mean you can’t succeed through smart betting. The key lies in understanding how the system works and learning how to […]

News Reports

DraftKings is cautiously optimistic about its near-term outlook.

This winter, DraftKings has shown such strong momentum that the company released its Q4 2024 financial results ahead of schedule. A 17% surge in its stock price certainly provides the confidence to do so. Wall Street analysts were pleased with the performance DraftKings delivered. David Katz, an expert at Jefferies Equity Research, wrote: “Strong early-year […]