Analysis: sports bets on Kalshi generate an estimated ~$1.3B in annualized revenue, underscoring the threat prediction markets pose to traditional operators
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi — Sports wagers on Kalshi …
DraftKings launches DraftKings Predictions, a new app that lets customers in 38 states trade contracts on sports and financial events through prediction markets
Ira Boudway / Bloomberg :
How live sports betting has exploded in popularity in the US, accounting for more than half of the money wagered on FanDuel and DraftKings in recent quarters
As the Oklahoma City Thunder were on their way to winning the decisive Game 7 of this year's N.B.A. Finals, a flurry of shadow games …
President Trump names Bitcoin, Ethereum, XRP, Solana, and Cardano as assets to be included in a strategic US crypto reserve, causing significant price surges
XRP, ADA, SOL post double-digit losses Molly White / Citation Needed : Issue 78 - President on brink of bailout for bitcoin CoinDesk : Here Is What Crypto Leaders Are Saying About Trump's Crypto Reser...
Betting data from Illinois, New Jersey, and Colorado shows how parlays are driving revenue growth for FanDuel, DraftKings, and other US sports betting companies
Wall Street Journal :
The US sentences Joseph Garrison, a 19-year-old involved in the 2022 DraftKings hack, to 18 months in jail; Garrison admitted to stealing $600K from 1,600 users
Bloomberg :
On-chain data and sources: Polygon gave DraftKings millions in MATIC to run a validator, which later underperformed; Polygon kicked DraftKings off in October
Danny Nelson / CoinDesk :
A UK Treasury Committee crypto report recommends that the government regulate trading and investment in unbacked crypto as gambling and not a financial service
Summary So-called “cryptoassets” span a wide and rapidly evolving range … Ledger Insights : UK Parliament's Treasury Committee wants crypto regulated as gambling Mastodon: Dare Obasanjo / @carnage4lif...
Sources: DraftKings plans to launch a free, ad-supported video streaming service with videos of podcasts the company sponsors, expected to debut in coming weeks
Gerry Smith / Bloomberg :
How FanDuel outpaced DraftKings to take an estimated 42% share of the US sports wagers market after its sale to Flutter
Christopher Palmeri / Bloomberg : Tweets: @bw and @ideafaktory Tweets: @bw : FanDuel has nabbed a 42% share of U.S. sports wagers in June, up from 35% only two months earlier https://www.bloomberg.co...