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Prediction markets are now facing direct state-level resistance, with Kalshi suing Utah while simultaneously gaining attention in a Federal Reserve research paper. At the same time, earnings season is testing investor patience, and lawmakers in multiple jurisdictions are redrawing the lines between licensed betting and grey-market models.
This week in the online gambling industry:
- Kalshi sues Utah over efforts to restrict prediction markets.
- Flutter stock drops after Q4 results disappoint Wall Street.
- Slovakia reports €26.7bn in annual gambling turnover.
- DraftKings launches in Puerto Rico via Foxwoods partnership.
- NHS Wales expands specialist gambling treatment services.
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Here’s the full rundown:
Regulatory & Legal Updates
Kalshi Sues Utah Over Potential Restrictions on Prediction Markets, FOX 13
Kalshi has filed a lawsuit against Utah officials after state regulators signaled they may restrict or block prediction market contracts tied to sports events.
The company argues its event contracts are federally regulated through the CFTC and therefore fall outside state gambling authority. The suit seeks to prevent Utah from taking enforcement action that could bar access to Kalshi’s platform in the state.
Survey Shows U.S. Sports Betting Faces Perception Issues Around Match-Fixing, Gambling Insider
A new survey cited in the report suggests U.S. sports betting continues to struggle with public perception, particularly regarding concerns about match-fixing and integrity
Respondents expressed skepticism about whether betting expansion increases corruption risks in professional sport. The findings indicate that integrity concerns remain a reputational challenge for the regulated market despite expanded oversight frameworks.
Mississippi Advances Bills to Allow Online Sports Betting and Ban Sweepstakes, NEXT
Mississippi lawmakers have advanced legislation that would authorize online sports betting while simultaneously moving to prohibit sweepstakes-style gambling platforms.
The sports betting bill would allow licensed casinos to partner with digital operators, expanding access beyond retail-only wagering. At the same time, the proposed sweepstakes ban aims to eliminate dual-currency models operating outside traditional regulatory controls.
Financial Performance & Business Moves
Flutter Q4 Results Disappoint Wall Street as Stock Falls, Gambling Insider
Flutter’s Q4 results failed to meet investor expectations, triggering a stock decline despite continued revenue growth across key divisions.
The company reported strong U.S. performance from FanDuel, but softer margins and guidance adjustments weighed on sentiment. Analysts reacted to concerns around cost pressures and forward outlook, even as Flutter maintained confidence in long-term U.S. scaling.
Slovakia Recorded €26.7 Billion in Gambling Turnover in 2025, iGamingToday
Slovakia’s gambling market reached €26.7 billion in total stakes in 2025, according to official figures.
Online gambling accounted for the majority of activity, continuing to outpace land-based segments. The data highlights the structural shift toward digital wagering in Central Europe as regulated online channels consolidate market share.
DraftKings Launches Online Sports Betting in Puerto Rico, Yogonet
DraftKings has launched online sports betting in Puerto Rico through a partnership with Foxwoods El San Juan Casino, expanding its U.S. territorial footprint.
The agreement allows DraftKings to operate under Foxwoods’ local licence, providing mobile wagering access across the territory. The move strengthens DraftKings’ presence outside mainland state markets while leveraging established casino partnerships.
Technology & Innovation in Gambling
Global SportsTech Report 2026 Finds 82% of Sports Organizations Deploying AI, Yogonet
The Global SportsTech Report 2026 finds that 82% of sports organisations are now deploying artificial intelligence tools, spanning performance analytics, fan engagement, and commercial optimisation.
The report notes particularly strong uptake in data-driven scouting, injury prevention modelling, and automated content generation. The findings highlight how AI adoption is moving from experimentation to operational standard across professional sports ecosystems.
Federal Reserve Paper Backs Kalshi as Real-Time Economic Barometer, Gambling Insider
A Federal Reserve research paper has highlighted Kalshi’s prediction markets as a potential real-time economic forecasting tool, suggesting event contract pricing may offer forward-looking signals.
The paper examined how market-based probability data can reflect expectations around macroeconomic outcomes. While not an endorsement, the study adds institutional weight to the argument that regulated prediction markets can function beyond gambling into broader economic analysis.
Responsible Gambling & Player Protection
NHS Wales to Launch Specialist Gambling Treatment Service, SBC News
NHS Wales has confirmed plans to launch a dedicated specialist gambling treatment service as part of a broader mental health expansion.
The new service will provide structured clinical support, including assessment, therapy for gambling addiction, and referral pathways for individuals experiencing gambling-related harm. Health officials said the rollout aims to strengthen regional access to treatment and align Wales more closely with specialist services already available in parts of England.
MGM Resorts and BetMGM Commit Over $1M to Responsible Gaming Initiatives, MGM
MGM Resorts and BetMGM have pledged more than $1 million toward responsible gaming initiatives during Problem Gambling Awareness Month.
The funding will support research, educational campaigns, and nonprofit partnerships focused on prevention and player protection. The companies said the commitment reinforces their ongoing investment in responsible gambling tools and awareness programming across U.S. markets.
- Alberta is wisely giving First Nations a 2% cut of the gross gambling revenue from online gambling, Dave Briggs on LinkedIn
- South Dakota’s online sports betting push just hit a wall, iGB on X
- The global online gambling market is projected to reach $286.4bn by 2035, A Bet A on LinkedIn
- Aristocrat settlement results in Q4 loss for Light & Wonder, CDC Gaming on X
Stories from iGaming Forums
- Fixed Match gambling scam on telegram and other sites, Bitcoin Forum
- Don’t Use Jackpot City, Reddit
- Why you shouldn’t rely too much on AI in betting, Bitcoin Forum
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