iGaming Business News

Key Points Jump Trading will obtain minority equity positions in Kalshi and Polymarket via market-making partnerships. Polymarket equity allocation for Jump expands progressively according to trading volume contributions to American operations. Kalshi commands an $11bn valuation whilst Polymarket reached $9bn in recent funding. Susquehanna International Group pioneered trading firm participation as a prediction market liquidity […]

Key Points Polymarket launched federal litigation against Massachusetts Attorney General Andrea Joy Campbell and the Massachusetts Gaming Commission to prevent the enforcement of state gaming regulations on sports event contracts. The platform claims it faces “imminent and irreparable harm” if Massachusetts blocks its prediction market operations. Polymarket maintains that the Commodity Futures Trading Commission holds […]

Key Points House Bill 2198 seeks to label various prediction markets as illegal gambling under the Hawaii statutes. The measure appeared on 28 January and gained unanimous support from the House Committee on Consumer Protection and Commerce within days. HB 2198 widens Hawaii’s gambling interpretation to cover particular event-based financial trading types. The proposal addresses […]

Genius Sports has seen its share price plunge after unveiling its planned $1.2bn acquisition of sports media group Legend. The company’s stock fell almost 28% on Thursday, marking one of the sector’s worst market responses to a major merger or acquisition in recent years. Market concerns centre around Genius purchasing a large affiliate business at […]

Crypto gambling billionaire Tim Heath is reportedly close to selling Yolo Group’s flagship brands Sportsbet.io and Bitcasino.io. According to reports from The Australian, Heath is expected to conclude the sale and step away from crypto-gambling operations as Yolo Group pivots toward regulated markets. The move follows Heath’s decision in 2025 to shut down both brands […]

Genius Sports has agreed to acquire sports media business Legend in a transaction worth up to $1.2bn. The deal includes $900m payable at closing, made up of $800m in cash and $100m in stock, with a $300m earnout split equally across the next two years. According to industry sources, Legend employees have been informed of […]

Betsson has closed out 2025 with reduced profitability, though boasting higher revenue. This is due to rising gaming taxes and increased investment in product and technology. The Swedish operator reported full-year revenue of €1.2bn, representing an 8% increase year-on-year and a 13% organic boost. EBITDA declined by 1% to €313.7m, pushing the EBITDA margin down […]

Winners Inc, through its wholly-owned subsidiary Moneyline Sports, has made an official foray into prediction markets with the launch of MeVu. This mobile-first trading platform gives users access to sports-related event contracts on Kalshi and Polymarket. It also simplifies prediction markets trading for sports audiences. A single platform for Kalshi and Polymarket MeVu is expected […]

Boyd Gaming just pulled in $1.1 billion in revenue for the fourth quarter, a 2% step up from the same time last year. But they reached a new high-water mark for the full year, $4.1 billion, a 4.1% improvement over the previous year. On the other hand their net income took a tumble in Q4, […]

BetMGM announced full-year 2025 results on 4 February, reporting records as net revenue reached $2.8bn and EBITDA inflection supported a $270m cash return. The jointly owned operator holds a 13% gross gaming revenue market share across active markets and reported net revenue growth of 33% year-on-year. Revenue from iGaming reached $1.8bn after 24% growth. Sports […]