Fanatics Eyes BetParx Buy in Pursuit of Gambling Foothold
Fanatics is in talks to acquire sports gambling platform BetParx, according to someone familiar with the negotiations, in a move that could bolster the company’s…
sports betting
U.S. Online Sports Betting Breaks Record in 2022
Note: This article is based on Variety Intelligence Platform’s special report “Sports Gambling & Media,” available exclusively to VIP+ subscribers. With 2022 not…
NFL Allowing Sportsbooks to Stream Live Games in U.S.
The NFL’s media and betting strategies passed a major milestone Sunday, when Caesars streamed the game between the Dallas Cowboys and Indianapolis Colts live within its…
DraftKings, Churchill Downs Partner to Launch Horse Betting Product
DraftKings is launching a new betting vertical, DK Horse, utilizing odds and technology from Churchill Downs. The partnership between the two publicly traded…
MaximBet Shuts Doors Amid Wave of U.S. Sportsbook Retrenchment
MaximBet has ceased operations, becoming the latest U.S. sportsbook to shutter its business in the face of mounting costs. The gaming operator, owned by Carousel…
Yasiel Puig Plea Outlines Lies to Feds in Illegal Betting Probe
Former MLB all-star outfielder Yasiel Puig has agreed to plead guilty to a felony charge for lying to federal agents as part of their investigation into an illegal…
Jets Sue Fubo Gaming as Another Sports Sponsor Deal Goes Awry
The New York Jets have sued sportsbook Fubo Gaming Inc. in Delaware’s Court of Chancery in a dispute over payments in a sponsorship agreement. New York Jets LLC v…
Fox, Flutter Both Claim Victory After FanDuel Arbitration Battle
An arbitrator has reached a ruling in the long-running legal battle between Fox Corp. and Flutter, a decision that could have significant ramifications for the future of…
DraftKings Shares Dip 21% After Q3 Earnings Reported
DraftKings shares fell as much as 21% in Friday morning trading after the company reported third quarter earnings. In what’s become a trend for the Boston-based…
Sportsbooks Poised for Record World Cup Handle in U.S.
Sports betting operators are putting all their chips on next month’s World Cup in the hope it will be a watershed moment for soccer wagering in the…
Sports Betting Firm Adopts Oil-Trading Tech to Fine-Tune Predictions
A complex estimation algorithm used by commodities traders to forecast prices and the Federal Reserve Bank to estimate GDP growth has a new application: predicting how…
Genius Sports, Sportradar Settle UK Litigation Over Data Dispute
Genius Sports (NYSE: GENI) and Sportradar (Nasdaq: SRAD) have reached a settlement in litigation in Great Britain over Genius Sports’ partnership with Football DataCo…
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