Kalshi's parlay betting, newly accessible via Robinhood, generated unprecedented single-day fee revenue last Sunday, surpassing the platform's historical earnings from all non-sports events combined and signaling a major shift in the prediction market landscape.
Missouri's sports betting launch exceeded all expectations, generating over half a billion dollars in wagers and securing its place among the nation's top markets in its first month of operation.
Missouri's inaugural month of legal sports betting attracted over $540 million in wagers, but aggressive promotions led to a net revenue loss for operators, even as the state collected millions in fees and taxes.
As sports betting handles hit record highs, data reveals a stark contrast: the average bettor consistently loses, while disciplined investing in instruments like index funds builds wealth over time.
In a major move for industry accountability, BetMGM announces a zero-tolerance policy allowing it to suspend users for harassing athletes, coaches, or team personnel, as sports betting-related abuse incidents rise.
A Nevada court has issued a temporary restraining order against prediction market platform Polymarket, blocking it from offering event contracts to state residents. The ruling marks a significant early victory for state gaming regulators amid a national debate over who should oversee these fast-growing markets.
As the Super Bowl kicks off in California—a state without legal sports betting—federally regulated prediction markets are positioned to siphon off a significant portion of wagering activity, potentially reaching record trading volumes this year.
Amidst market volatility, Coca-Cola (KO) stands out with its formidable brand moat and a 63-year dividend growth streak, offering investors a blend of stability and reliable income.
