DraftKings and FanDuel again accepted nearly 75% of state bets, but handle and taxes both fell significantly in January.

Shares of FanDuel's parent company fell after reporting disappointing earnings, attributed to users losing too many bets and switching to competitors.

The Atlanta Braves announced they are officially launching “BravesVision,” their own broadcast network for the 2026 season. The decision comes following the franchise’s split with Main Street Sports Group, which aired Braves games on FanDuel Sports Network. There will also be a direct-to-distributor model where the Braves will partner with cable and satellite channels and other streaming services.

FanDuel and DraftKings have submitted applications to the Arkansas Racing Commission to become third-party partners with in-state casino operators.

Main Street Sports group, parent company of FanDuel Sports Network, which only emerged from Chapter 11 Bankruptcy last year, is set to shut its Southport office and lay off employees.

All betting odds are according to FanDuel Sportsbook.

Flutter Entertainment reported a moderation in customer growth and a decline in market share during its fourth quarter.

The move is expected to significantly boost betting handle and comes despite opposition from the state's current highest-grossing sportsbook.

News and notes from the Atlanta Braves include updates on their spring training opener and FanDuel Sports Network.

Kalshi's website Thomas Fuller/NurPhoto via Getty Images Nevada regulators sued Kalshi, saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this month. The regulators emphasized that Kalshi has grown rapidly, doing 27 times as much business on Super Bowl Sunday this year compared to the year before. Meanwhile, regulated Nevada gambling operations saw their business shrink, the state said. A Kalshi spokesperson declined to comment on Tuesday afternoon, but the company swiftly asked a federal court to take over the new state case. They argued that only federal law applies to prediction markets, and that the new state enforcement action turns on the same questions that federal courts are already considering. Kalshi has said that its markets are "event contracts," a financial instrument regulated by the Commodities Futures Trading Commission. The CFTC on Tuesday sided with another events-contracts company that is fighting with Nevada regulators, and its chairman, Michael Selig, filmed a video statement defending the new platforms. "Today, the CFTC is taking an important step to ensure that these markets have a place here in America," Selig said. "To those who seek to challenge our authority in this space, let me be clear: we will see you in court." Economists and political scientists have long been fascinated by prediction markets as a way to channel the so-called wisdom of the crowds. They were generally a niche activity until the 2024 US presidential election, when people wagered millions of dollars on sites like Polymarket. Since the election, sports and cryptocurrency speculation have become the dominant markets. Today, more than 90% of the money that flows through Kalshi's platform is staked on sports-related events, and the growth of platforms like Kalshi has spurred traditional sportsbooks like FanDuel and DraftKings to create their prediction markets to take advantage of the light-touch regulation and lower taxes they offer. Legal battles are pending on the East Coast as well, with regulators in Maryland and New Jersey having clashed with prediction markets. Attorneys and other industry commentators have said they expect the Supreme Court to eventually weigh in on the legality of sports contracts on prediction markets. Read the original article on Business Insider

Flutter Entertainment announced strong growth for 2025, primarily driven by the performance of FanDuel and its international expansion efforts.

Paddy Power owner Flutter, which also operates brands like Betfair and FanDuel, missed annual sales forecasts and is now looking to the World Cup for a potential boost in its financial performance.

DraftKings and FanDuel have received approval to operate as vendors in Arkansas, where three racinos have been using white-label platforms since 2022.

FanDuel Sports Network's presence in Wisconsin is set to end on April 14, as Main Street Sports Group plans to close its Brookfield office.