Underdog Sports, a fantasy sports operator, has launched its own federally licensed prediction market exchange. This move follows the company's recent layoffs and acquisition of a derivatives clearing platform, signaling a significant shift in its business strategy.
Summary based on reporting by Casino Beats, which retains all rights to its text and images.
One email each morning with the stories that moved the betting industry — regulators, operators and market moves, summarised. Free for industry professionals.
No spam, no bonuses — just industry news. Unsubscribe any time.
Bank of America has identified the digital trading card-pack market as an emerging adjacent frontier for gambling operators seeking new revenue streams. However, analysts cautioned that the sector presents distinct regulatory and inventory-related risks that operators must navigate.
Codere Online reported a 31% year-on-year increase in third-quarter revenue to €62.6 million ($69.2 million), driven primarily by strong performance in Mexico. Adjusted EBITDA rose 45% to €4.2 million, with net income reaching €5.5 million. Chief Executive Aviv Sher maintained the company's full-year outlook despite regulatory changes and foreign exchange headwinds.
Aristocrat Leisure Limited reported a 13% increase in normalized earnings per share before amortization (EPSA) in constant currency for the 2025/2026 financial year ended September 30, 2026. The Australian gaming company generated normalized net profit after tax and amortization (NPATA) of A$1.58 billion. During the period, Aristocrat returned approximately A$1.9 billion ($1.29 billion) to shareholders through dividends and share buybacks.
High Roller Technologies subsidiary ROLR FCM LLC has signed a commercial agreement with ProphetX to offer access to its federally regulated prediction markets exchange. The integration will feature a ROLR-branded interface allowing eligible customers to trade contracts on sports outcomes and individual player performances.
Genting Singapore reported a 22% decline in third-quarter revenue to SG$566.1m, with adjusted EBITDA falling to SG$161.8m. The operator attributed the downturn to softer premium gaming activity, reflecting broader regional market trends. Overall profit also declined during the three-month period ending September 30, 2026.