Polymarket U.S. failed to fully launch in 2025, missing out on an untold amount of prediction market betting revenue. It's a development that has received surprisingly little public attention given the billions of dollars the company has raised this year. Story here...

Traditionally, fans have gone to stadiums and arenas to watch their favorite teams. Those teams are now watching them, too.

Among the similarities between Roblox and YouTube: how indie content creators are both empowered and vulnerable. Middlemen acquire content rights from people often lacking in negotiation experience, then make $ from big orgs like FIFA.

🎶 Ex-ch-ch-changes 🎶 Teamed up with @ebennovywilliams.bsky.social to write about DraftKings launching its prediction market without the exchange it bought.

Tonight's Xbox Bowl—where the existential crisis of the bloated non-CFP bowl format meets an existential crisis in Microsoft's video game hardware. It's a chaotic match! My column...

EXCLUSIVE: Laurene Powell Jobs is selling her stake in the parent company of the Washington Wizards, Mystics and Capitals Qatari sovereign wealth fund QIA, meanwhile, is increasing its investment.

NEW: Robinhood is racing to introduce customizable parlays before the NFL playoffs using Kalshi's RFQ system 🏈 The move seems to conflict with some of the company's claims about whether it offers gambling. Story here...

BREAKING: Sophia Wilson becomes a $1 million player

Polymarket is abandoning the controversial way it resolves bets for the U.S. version of its prediction market app.

Fanatics is launching its prediction market app today. Just don't expect to see the G-word.

Robinhood has a valuation that exceeds DraftKings, FanDuel, Polymarket and Kalshi combined. No wonder its purchase of prediction market infrastructure is turning heads. My analysis...

NEW: Almost everything about Kalshi’s sports parlays—the RFQ system that executes them, the financial results for retail users, the quiet rollout—seem to conflict with the public image company execs are trying to create.

Our prediction markets for dummies explainer has been updated again with some of the recent developments. Hard to keep up. Hopefully useful for the people who have no idea what I've been talking about the past year!

CFTC staffers past and present are puzzled about one of Kalshi's go-to explanations for why going offline anywhere for any amount of time could be harmful. Recent Nevada court developments have also been revealing. So where did the claims originate? New story...

The Luka Doncic trade has been a disaster for the Dallas Mavericks. But as I detailed in June, it has been a big win for one niche web video game. Here's that story, which Nico Harrison's reported dismissal makes relevant today...

If Saudi Arabia's ambition is to become the world leader in everything video games, it needs to beat East Asia's mobile dominance. The pending EA deal could help with that.

The Trump family has deepened its ties to sports betting.

The only other sports teams in the world to hit the $1 billion mark are the NFL’s Dallas Cowboys and LaLiga giants Real Madrid and Barcelona.

Gambling isn’t the only eye-catching part of Thursday’s federal indictment in the NBA betting case. It also puts tanking back in the spotlight by alleging that the 2022-23 Blazers intentionally lost games (and leaked inside info about said strategy) My take: www.sportico.com/leagues/bask...

Something I've been thinking about for months is how prediction markets will impact geolocation tech companies. New feature story from me... www.sportico.com/business/tec...

A proposed overhaul to college soccer includes a promotion/relegation system 👀

In China: Meta ❌ Google Search ❌ Reddit ❌ Kalshi ✅ (?)

Happy Sportico NHL valuations day to those who celebrate. Ranking list here: www.sportico.com/feature/nhl-...

Kalshi launched custom parlays last night, a long-awaited feat one would expect the company to shout from the rooftops. Instead, there has been complete radio silence.

South Park gave prediction markets some free PR last night

Big Ten refs are insane, stop the steal!

2025 Maryland football the greatest team in college football history

Kalshi says it never wins when users lose. That's not true—at least for the parent company. Kalshi Trading, owned by Kalshi Inc., is a for-profit entity operating on the exchange. We break down the affiliate and how its existence seems to contradict Kalshi's public messaging.

Kalshi and Polymarket say state law doesn't apply to them. What about intellectual property law? That's the latest potential land mine they're testing, so far without pushback.

I became a law professor in 2005, and have taught sports law every year. Looking back at my syllabus from 20 years ago, let's just say things have changed—from the NCAA, to sports betting to marijuana. Plus now it's a "real" area of law. My @sportico.bsky.social column:

The way his hands waggled lets me know she was woofing at him like a Rottweiler on the loose, goddamn

Just seven years ago, WNBA players didn’t appear in 2K at all. Since then, women’s basketball has enjoyed a wave of commercial and cultural momentum that made Take-Two take notice.

Manchester United has more than 20 players on its books whose earnings this season will eclipse every Grimsby player combined.

Roger Goodell and a host of athletes donated to Jay Feely's campaign.

NEW: Polymarket will be in the U.S. for NFL season, and like Kalshi, it is not shying away from sportsbook lingo and imagery. In one ad, it uses the logos of DraftKings, FanDuel and BetMGM.

Sports betting and fintech are moving closer and closer. You'll be able to trade on oil and gas prices on FanDuel this year.

As Novig enjoyed a positive media blitz last week regarding its $18 million raise, the sweepstakes platform was in retreat from a massive market. More state exits could be in store.

My colleague @dan-bernstein.bsky.social crunched the numbers and found that console users are playing less Madden NFL in recent years 🏈🎮📉 Read more: www.sportico.com/business/tec...

EXCLUSIVE: Research shows EA's "Madden NFL" franchise has seen a sharp fall in time played per user 🎮

EA is not seeing the same year-over-year revenue gains from microtransactions that it once did, and it is coming off its worst Q1 in live services (the category in-game purchases fall under) since 2022.

Anyway, when I pulled the Take Two worker numbers, they looked really low compared to the ones I recently pulled for EA. Here's a chart. Why the difference? Could be geography? I'm told some 22% of TT workers are in "low cost locations" such as India, China and Turkey. Don't have that figure for EA

First strike in Fenway Park history ✋

The bets that drive sportsbook revenue are not doing the same for sports prediction markets.

Polymarket on Monday announced the $112 million purchase of QCEX, which the prediction market platform said will fast track its return to the U.S. after three years away.

NEW: Found public records showing Polymarket spent about $1 million on Meta last fall for ads targeting U.S. users—even though it couldn't actually offer its prediction markets in the states.

Penn State is accused of forcing out a trustee who fought to unearth details over a major athletics department partnership. The situation is part of a broader issue in college athletics, writes @daniellibit.bsky.social

"Bet on NBA legally!” Does that strike you as a call to gamble? Kalshi doesn't think so. "This language is very common in the financial world," a company official said when presented with the ad material I found.

Flutter statement clarifies that $1.76 billion cost of the deal breaks into two parts: -$1.55 billion for 5% stake -$205m attributable to the revision of various existing commercial terms This revises FanDuel's valuation to $31 billion—lower than Sky's initial reporting but still way up from 2020.

Is "College Football 26" a trap game for Electronic Arts? The publisher needs momentum heading into the fall but could struggle to replicate the excitement from last summer's NCAA video game return.

The value of NWSL teams has soared in recent years. The latest data point: the Utah Royals were valued at $100 million by the buyer in their recent sale to the Miller family, according to three people familiar with the transaction who were granted anonymity because the details are private.