Sports Betting

Novig Valuation Quadruples to $2 Billion as Prediction Markets Draw Investor Interest

Novig, the sports-focused prediction-market platform, has closed a new funding round that values the company at approximately $2 billion, quadrupling…

14 hours ago

Brazilian Football Clubs Push Back Against Lula’s Online Betting Ban

Brazil's leading football clubs have aligned themselves with sports betting operators in opposition to a sweeping government decree that bans…

14 hours ago

Sixth Circuit Rules Against Kalshi, Allowing States To Regulate Prediction Markets

A federal appeals court has dealt a significant setback to prediction market operator Kalshi, ruling that states Ohio and Tennessee…

6 days ago

New York Sues Polymarket, Alleging Illegal Gambling Operation, as Company Countersues

New York Attorney General Letitia James and Governor Kathy Hochul announced a lawsuit on Thursday against Polymarket US, accusing the…

7 days ago

Massachusetts Sports Betting Handle Rises 5% in August, but Operator Revenue Falls to Two-Year Low

The Massachusetts Gaming Commission has reported that the state's online and retail sportsbooks accepted $571.24 million in wagers during August…

1 week ago

Kalshi and Montana Agree to Drop Cross-Complaints Over Prediction Market Dispute

Kalshi and the State of Montana have jointly agreed to dismiss their federal lawsuits against each other, ending a legal…

1 week ago

Michigan Sports Betting Handle Slips 2% Year-over-Year in August as Seasonal Lull Takes Hold

Michigan sportsbooks accepted $330.5 million in wagers during August 2026, according to data released by the Michigan Gaming Control Board…

1 week ago

Novig Trading Volume Surges With Start of NFL Season

Sports-focused prediction market Novig has surpassed $1.1 billion in cumulative trading volume as the start of the NFL regular season…

2 weeks ago

Ninth Circuit Rules Kalshi’s Sports Contracts Constitute Illegal Gaming on Tribal Land

A federal appeals court has delivered a significant setback to Kalshi, ruling that the prediction market operator is likely violating…

2 weeks ago

Virginia Sports Betting Revenue Passes $55 Million in July

Virginia's regulated sports betting market delivered one of its strongest monthly performances of the year in July 2026, generating $55.39…

2 weeks ago