All posts tagged: betting

Nebraska online sports betting measures qualify for November 2026 ballot vote

Nebraska online sports betting measures qualify for November 2026 ballot vote

Published by skeptic

Nebraska voters will get a say on two online sports wagering proposals in the November 2026 general election. The Secretary of State’s office said August 21 that both petition campaigns gathered enough valid signatures to make the ballot. “The Secretary of State’s office announced today that signature thresholds have been met for both the Online Sports Wagering Authorization Constitutional Amendment petition and the Online Sports Wagering Regulation Initiative petition to appear on the 2026 general election ballot,” the office said in a release. News release: Secretary of State certifies both online sports wagering petitions for November ballot Full release here: https://t.co/VE1oEpzP5C pic.twitter.com/FliglqP7hB — NE Secretary of State Robert Evnen (@NebraskaSOS) August 21, 2026 For the constitutional amendment, organizers needed signatures from 10% of registered voters statewide, plus 5% of registered voters in at least 38 counties. Officials verified at least 138,473 signatures, with the county requirement met in at least 64 counties. The statutory Online Sports Wagering Regulation Initiative needed signatures from 7% of registered voters statewide and the same 5% threshold in 38 counties. …

Baltimore sues Kalshi and Polymarket over allegedly illegal sports betting markets

Baltimore sues Kalshi and Polymarket over allegedly illegal sports betting markets

Published by skeptic

Baltimore is taking Kalshi and Polymarket to court, alleging the prediction-market companies are effectively running illegal sportsbooks while describing their products as legitimate financial contracts. Mayor Brandon M. Scott and the Baltimore City Council filed separate lawsuits Thursday in Baltimore City Circuit Court. Both cases accuse the platforms of violating the city’s Consumer Protection Ordinance because they allegedly offer sports betting without Maryland licenses and misrepresent the products’ legality. From the Baltimore Mayor’s office: “Today, Mayor Brandon M. Scott and the City Council of Baltimore filed lawsuits in the Circuit Court for Baltimore City against prediction market operators Kalshi and Polymarket and their affiliated companies. The lawsuits allege that the… pic.twitter.com/JqLQHwyqhq — Mike Hellgren (@HellgrenWJZ) August 13, 2026 The Polymarket lawsuit names QCX LLC, Blockratize Inc. and QC Tech LLC. Baltimore’s Kalshi case also targets Robinhood, Webull and Coinbase entities, which the city alleges helped Baltimore residents access Kalshi contracts. “While Defendants call the Kalshi platform a ‘prediction market,’ the platform plainly facilitates ‘sports wagering’ as defined under Maryland law,” the Kalshi complaint says. The …

Skan AI raises million betting that watching how employees actually work is the missing layer of enterprise AI

Skan AI raises $63 million betting that watching how employees actually work is the missing layer of enterprise AI

Published by skeptic

Skan AI, a startup that builds what it calls a “context graph of work” by observing how employees actually perform their jobs across enterprise software, has raised $63 million in Series C funding co-led by Cathay Innovation and Dell Technologies Capital, the company announced Wednesday. Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures also participated in the round, which brings the seven-year-old company’s total funding to roughly $120 million. Alongside the raise, Skan is announcing the general availability of two new products — Skan AI Blueprint and Skan AI Agents — that, together with its existing Skan AI Intelligence offering, form a complete platform for discovering, modeling, and ultimately automating enterprise workflows. The announcement lands at a moment of deep frustration in enterprise AI. Companies have poured billions into generative AI pilots, but the results have been dismal: Gartner research cited by the company finds that only 8% of enterprises have AI agents in production, and 95% of early implementations will require a complete redesign. Those figures echo an MIT report last year, …

The entire U.S. economy is basically a giant betting app

The entire U.S. economy is basically a giant betting app

Published by Sam Flores

As the western United States is gripped by record-shattering wildfires, some unscrupulous people aren’t just contemplating what it will be like for future generations living in our new normal of erratic weather patterns, or wondering whether climate change is making this situation worse. They’re thinking about how much money they can make.  Prediction market apps like Kalshi and Polymarket allow people to bet on pretty much anything, whether it’s some boring sports thing, election results or perhaps even war crimes. You can even bet on the outcome of clinical drug trials and whether cancer drugs will be approved by the Food and Drug Administration, which experts criticize as undermining the integrity of medication research. The father of a seventh-grader living with cancer recently raised the issue of “whether researchers in a trial could be motivated by prediction market profits,” something so heinous it is difficult to contemplate. While the makers of these apps insist they are “future exchanges,” not digital gambling parlors, regulators in places like Singapore, France, Belgium and elsewhere aren’t convinced and have banned …

FanDuel pays Iowa K penalty after offering prohibited sports betting markets

FanDuel pays Iowa $95K penalty after offering prohibited sports betting markets

Published by skeptic

FanDuel will pay Iowa regulators $95,000 after acknowledging that its sportsbook offered wagers the state had not approved. The Iowa Racing and Gaming Commission approved the stipulated agreement with Betfair Interactive US LLC, FanDuel Sportsbook’s operator. The case covers two compliance violations. During the period involved, Betfair held licenses for retail sports betting at Diamond Jo Dubuque and Diamond Jo Worth while also running FanDuel’s licensed online sportsbook in Iowa. FanDuel faces mounting scrutiny over Iowa betting compliance The larger penalty arose from wagers on the Philippines-based Maharlika Pilipinas Basketball League. FanDuel told regulators on May 7, 2025, that it had offered MPBL betting from June 4, 2024, through April 2, 2025. Iowa permits wagering on international professional basketball leagues only when they are their country’s top tier and are sanctioned or recognized by FIBA. The MPBL did not qualify. Customers made 21,638 straight, parlay and round-robin bets containing MPBL selections, producing $1,189,640.93 in handle and an initial FanDuel profit of $60,692.19. FanDuel later reviewed its basketball offerings and strengthened its process for checking international …

Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge

Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge

Published by skeptic

A federal judge has handed Connecticut regulators an early victory in their fight with prediction market operator Kalshi, refusing to stop the state from enforcing its gambling laws while the lawsuit moves forward. Kalshi has appealed the Connecticut federal district court's denial of its motion for preliminary injunction to the Second Circuit Court of Appeals. The next step: asking Judge Oliver and then the CA2 to enter an immediate injunction pending appeal to block state-law enforcement. pic.twitter.com/vL7smu42Gc — Daniel Wallach (@WALLACHLEGAL) August 11, 2026 U.S. District Judge Vernon D. Oliver denied Kalshi’s request for a preliminary injunction in an August 10 memorandum and order. The company had asked the U.S. District Court for the District of Connecticut to prevent the Connecticut Department of Consumer Protection and other state officials from enforcing gaming laws against its sports-event contracts before the case is resolved. It has since appealed the Connecticut federal district court’s denial. Connecticut judge rejects Kalshi federal preemption arguments as it called for injunction Kalshi maintains that its event contracts fall under the Commodity Exchange …

FlightAware sues Kalshi over flight cancellation betting data trademark use

FlightAware sues Kalshi over flight cancellation betting data trademark use

Published by skeptic

FlightAware is suing prediction-market operator Kalshi, accusing the company of using its flight-tracking information and trademarks without permission to run and settle wagers on airline cancellations. Filed in federal court in New York, the case names Kalshi Inc., KalshiEX LLC, Kalshi Klear Inc. and Kalshi Klear LLC. FlightAware wants damages and an injunction preventing further use of its information and branding in cancellation markets. According to the complaint, “Kalshi is using FlightAware’s data and name to run gambling markets on flight cancellations.” FlightAware further alleges that despite “entering into a binding agreement not to use FlightAware’s data for commercial purposes, including in connection with gambling or prediction markets,” Kalshi “continued after FlightAware demanded that it stop.” FlightAware sues Kalshi in federal court. The flight tracking site is seeking an injunction and damages over the use of its name and data. pic.twitter.com/rlrqmpNS8r — Mick Bransfield (@MickBransfield) August 11, 2026 Kalshi introduced aviation prediction markets in July, allowing customers to wager on cancellations nationwide and at particular airports. FlightAware says those pages named it the “Primary Source …

DraftKings revenue falls despite betting growth as Predictions expansion accelerates

DraftKings revenue falls despite betting growth as Predictions expansion accelerates

Published by skeptic

DraftKings reported weaker second-quarter revenue even as more customers placed bets and used its platform. Favorable sports results for bettors and heavier promotional spending to attract new users reduced the online gambling company’s revenue and profitability during the quarter. The Boston-based operator posted revenue of $1.44 billion for the three months ended June 30, down 5% from $1.51 billion a year earlier. The company said bettor-friendly outcomes and increased promotional reinvestment tied to customer acquisition across its Sportsbook and Predictions products were the main reasons for the decline. DraftKings will host its Q2 earnings report tomorrow morning at 8:30 a.m. It has released the results today. DraftKings reported $1.443 billion in revenue, a decrease of $69 million (5%), compared with Q2 of 2025. pic.twitter.com/0Mk6bDBlAK — RLinnehanSR (@RLinnehanSR) August 6, 2026 Customer activity, however, continued moving higher. Sports Consumer Volume, which measures settled wagers and trades across Sportsbook and Prediction Markets, climbed 15% year over year to $13.1 billion from $11.5 billion. Monthly Unique Payers rose about 9% to 3.6 million, although average revenue per monthly …

WNBA deletes Paige Bueckers Angel Reese betting video after backlash emerges

WNBA deletes Paige Bueckers Angel Reese betting video after backlash emerges

Published by skeptic

The WNBA has taken down a social media video showing Paige Bueckers and Angel Reese talking about an apparent $400 wager tied to a game between their teams. The league later acknowledged that its attempt at humor had gone too far. The conversation dated back to All-Star weekend, when Bueckers and Reese apparently agreed to put $400 on their matchup. The WNBA initially posted the clip on its own account, adding the caption “We did?” and a laughing emoji, before deleting it. LMAOO THEY DELETED https://t.co/1VnX0tUEh2 pic.twitter.com/ZNQAvHLJZD — correlation (@nosyone4) July 29, 2026 The league later told ReadWrite that players receive yearly instruction about its ban on betting on WNBA games. “While the social media post was intended to be lighthearted, WNBA players are well aware of the league’s policies prohibiting betting on WNBA games and receive training every year reinforcing those policies. We recognized that the post missed the mark, removed it shortly after it was published, and addressed the matter internally.  “We will also use this as an opportunity to reemphasize with the …