The American market state by state: legalisation bills and ballot measures, regulator enforcement, sweepstakes and prediction-market disputes, tax changes and quarterly numbers from the major US operators.
A crackdown on skill games in Pennsylvania has highlighted growing regulatory concerns regarding the emergence of sweepstakes machines across the state. Authorities noted that while traditional skill-based devices are being removed, some operators and manufacturers are shifting toward sweepstakes alternatives.
Casino Pauma has launched a retail sportsbook on the Pauma Indian Reservation in California, permitting guests aged 18 and older to place wagers via self-service kiosks. The opening ceremony featured Pauma Band of Luiseño Indians leadership and former NFL player Shawne Merriman, who placed the venue's first bet. The facility introduces on-reservation sports betting within the state's tribal gaming landscape.
U.S. Representative Ro Khanna has urged federal lawmakers to ban sports prediction markets, characterizing them as sports wagering platforms disguised as financial exchanges. Khanna argued that these operators circumvent state and tribal gambling regulations, evade local taxes, and undermine consumer protections. He called for federal intervention to address consumer exposure and gambling addiction concerns.
The U.S. House Subcommittee on Higher Education and Workforce Development held a congressional hearing to address the growing prevalence of sports betting among college students. Lawmakers and industry experts scrutinized the role of mobile betting apps, targeted advertising toward young demographics, and rising rates of underage and problem gambling. The session highlighted increasing federal oversight on the collegiate wagering environment.
Donald Trump Jr. and prediction market operator Kalshi have mutually agreed to conclude his advisory role with the platform. The decision comes after a venture capital firm tied to the relationship increased its investment in competing platform Polymarket.
Pennsylvania authorities are reporting widespread compliance following a statewide crackdown on unauthorized skill games. State Police have inspected more than 12,200 establishments since October 14, identifying non-compliant devices in only 68 locations. Enforcement operations against illegal gambling machines remain active throughout the commonwealth.
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.
Games Global and DraftKings Casino have secured an exclusivity agreement to bring the CASHINGO™ game brand to the U.S. market.
The Michigan Gaming Control Board has approved Soaring Eagle Gaming's platform provider switch from GAN to White Hat Gaming. Under the transition, White Hat Gaming will power the operator's online casino and sports betting operations following a November 10 launch.
The Pennsylvania State Police reported a 99.4% compliance rate in its enforcement campaign against illegal skill games, with 12,134 of 12,202 inspected establishments removing the devices. Following the expiration of a 120-day safe harbor period on October 14, authorities seized 14 machines and $1,913 in cash. Alongside the ongoing skill game actions, state regulators have also issued warnings targeting sweepstakes operators.
A U.S. federal judge has rejected sports prediction market platform Novig’s request to block New York regulators from enforcing state gambling laws against the company. U.S. District Judge Colleen McMahon ruled that Novig's sports event contracts do not qualify as swaps under the Commodity Exchange Act, affirming the state's authority to apply its betting regulations.
Prediction market platform Polymarket has confirmed a round of layoffs and contractor terminations as part of an internal company restructuring. The staff reductions come as the platform faces intensifying competition from rival operator Kalshi.
A suspected leak regarding the Ballon d’Or has placed renewed scrutiny on Europe’s fragmented regulatory landscape for prediction markets. The incident underscores existing enforcement gaps across European jurisdictions regarding non-sports betting and event wagering.
The International Association of Gaming Regulators (IAGR) has appointed former Nevada Lieutenant Governor Brian Krolick as its new President. Krolick succeeds Ben Haden, Director of Research and Statistics at the UK Gambling Commission, shifting the organization's leadership focus.
Playtech has raised its 2026 earnings outlook following strong performance in the Americas region. The company's expansion in the United States and the addition of new suppliers underscore the commercial potential of Hard Rock's historical racing offerings.
The Michigan Gaming Control Board (MGCB) has intensified its enforcement against illegal online gambling by joining international regulators for Illegal Gambling Awareness Week. As part of the initiative, the regulator highlighted its recent enforcement actions against unauthorized prediction-market platforms operating within the state.
Ohio State Senator Bill DeMora has introduced legislation to bring sports prediction markets under state gambling regulations and ban election-related betting. The move follows a federal appeals court decision affirming Ohio's authority to enforce state gambling laws against these platforms. Among the proposed measures is Senate Bill 430, which seeks to classify sports-based prediction contracts under the state's gambling framework.
Catena Media experienced declines in both revenue and profit for the third quarter. The affiliate group saw its losses widen following impairment charges on the book value of its North American and Asian assets.
Gibraltar is actively positioning itself as a central European jurisdiction for prediction markets, contrasting with neighboring markets that have blocked the vertical. During Europe's first prediction markets summit, the territory highlighted that two operators have already been authorized, with further approvals currently in development.
DraftKings expects its expansion into prediction markets to absorb up to $1.05 billion in adjusted EBITDA across 2026 and 2027. The major financial commitment will test the operator's ability to achieve long-term customer profitability within the emerging vertical.
Texas State Representative Charlie Geren has filed proposed legislation that would authorize the development of up to ten commercial casinos across the state. If passed by lawmakers, the expansion of the state's gaming landscape would ultimately depend on approval from voters via a constitutional amendment.
New York casino revenue surged by 248 per cent year-on-year in October to $194.9m, driven by the ongoing impact of table games introduced at Resorts World New York City earlier this year. Table game revenue saw an increase of 399.6 per cent during the month, while slot revenue rose by 214.1 per cent.
DraftKings has received stock downgrades from JPMorgan, UBS, and Stifel following its third-quarter earnings report and a lowered 2026 financial outlook. Analysts cited concerns over the near-term returns of the operator's expanding prediction markets vertical, which contributed to a 21.3% drop in share price to a new 52-week low.
The Florida Gaming Control Commission has issued a warning to consumers regarding the risks of using unlicensed online gambling platforms, citing threats of financial loss and data misuse. Regulators reiterated that Hard Rock Bet remains the state's sole legal online sportsbook as part of an effort to steer bettors away from the black market.
Playtech has cited market strength in the US, Colombia, and Mexico as buffers against recent Q3 trading headwinds from higher UK taxes and online gambling restrictions in Brazil. The London-listed technology supplier informed markets that it now expects to achieve adjusted EBITDA of €300m for 2026. The upgraded outlook reflects confidence in its expanding Americas footprint despite regulatory pressures in other key regions.
PENN Entertainment plans to intensify its lobbying efforts in Texas following the U.S. midterm elections to capitalize on shifting political dynamics. Chief Executive Jay Snowden noted that recent legislative victories could improve prospects for gambling expansion in the state and open doors in other regional markets. The operator aims to leverage these political changes to advance legal betting legislation during upcoming sessions.
DraftKings, FanDuel, Fanatics, Robinhood, and PrizePicks have scaled back or suspended their prediction market offerings in Utah amid growing legal scrutiny. The restrictions follow the state filing 14 criminal charges against market operator Kalshi and its co-founders in late October. The platforms have moved to limit certain event contracts while state authorities intensify enforcement.
The Commodity Futures Trading Commission has instructed registered prediction market exchanges to remove geographic restrictions within 30 days to satisfy federal impartial access rules. Issued in guidance on November 5, the mandate requires designated contract markets to offer open access across jurisdictions. The directive is expected to place operators in conflict with various state-level court orders that demand geofencing controls.
U.S. Representative Dina Titus has urged House leadership to advance the FAIR BET Act before Congress adjourns for the year. The Nevada Democrat's bill aims to restore the full federal tax deduction for gambling losses. Titus warned that maintaining the current cap threatens legal gaming employment and investment by potentially pushing consumers toward unregulated platforms.
Four prediction market firms, including Robinhood and Coinbase, have agreed to halt offering sports event contracts in Ohio. The operators join Plus500US in suspending these products following regulatory action from the state.
Boyd Gaming has formed an exclusive strategic partnership with Sonesta International Hotels to add 19 of its U.S. casino resorts to Sonesta's distribution platform. Beginning in January, the Boyd Collection on Sonesta.com will grant Sonesta customers access to more than 9,700 gaming-resort rooms.
Oneida Indian Nation's Turning Stone Resort Casino and affiliated businesses are restoring operations following a cyberattack that disrupted computer networks, payment processing, ATMs, and phone lines. The property has begun recovering critical services, including the resumption of credit card transactions for food and beverage purchases as systems come back online.
Kalshi's strategy of challenging state gambling regulators in federal court may be prompting authorities to alter their response tactics, potentially pushing Utah toward criminal prosecution. The development highlights escalating tensions between prediction market operators and state-level enforcement agencies.
DraftKings has lowered its full-year 2026 adjusted EBITDA guidance by up to $625 million to a range of $175 million to $275 million, down from its prior forecast of $700 million to $900 million. The revision comes as investments into its prediction markets business weigh on profitability, causing quarterly losses to nearly double despite a 16% increase in third-quarter revenue. The operator has also trimmed its full-year revenue projection to $6.35 billion.
The AGEM Index rose 16.4% month-over-month in October to reach a record high of 2,108.59 points. The surge was driven by share price gains across all nine tracked gaming equipment manufacturers, significantly outperforming broader U.S. stock indices.
Evolution has introduced its live game show title Ice Fishing to the US market, launching across Delaware, Michigan, and New Jersey. In New Jersey, the launch coincided with the opening of Evolution's fourth dedicated Live Casino studio in Atlantic City. The expansion follows the game's international debut in 2025.
A federal judge has granted an injunction sought by two California tribes barring prediction platform Kalshi from offering sports event contracts on tribal lands. The decision arrives as regulatory scrutiny continues around the CFTC's stance on geographic restrictions for event-based wagering markets.
Vilnius-headquartered operator 7bet has expanded its portfolio by launching prediction markets across Latvia and Lithuania. The new product enables players in both Baltic markets to trade event contracts across politics, elections, weather, and entertainment news.
The U.S. Court of Appeals for the Ninth Circuit has rejected Kalshi's petitions for a panel rehearing and a rehearing en banc regarding its dispute with Nevada gaming authorities. The decision upholds a prior ruling that permits state regulators to enforce local gambling laws against the prediction market operator. The original three-judge panel unanimously denied the bid, with no circuit judges requesting a full court review.
Sportradar recorded 47% revenue growth in the US market during the third quarter, driven in part by expansion into prediction markets. However, brokerage Freedom Capital Markets noted that regulatory developments in Brazil and the pending divestment of Atrium Sports continue to weigh on the company's outlook.