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DraftKings Q2 Profitability Falls but Predictions Growth Outpaces Expectations

Despite a significant dip in second-quarter profitability, DraftKings’ prediction market volume has climbed nearly fivefold since April, with management expecting customer growth to accelerate further during the NFL season. Profits at DraftKings fell sharply in the second quarter of 2026 as unfavorable sports results and higher…
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Kalshi Geofencing, Earnings, NFL Preseason Lead Gambling Stories to Watch This Week

Michigan and Nevada are set to become the first two states to force Kalshi to geofence its platform, marking a new phase in the fight over prediction market sports contracts. Prediction markets continue to drive the gambling industry news this week, with enforcement measures taking effect in Michigan and Nevada, court conferences…
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Kalshi Relationship Surfaces Concerns About NCPG’s Legitimacy

The National Council on Problem Gambling defends its Kalshi partnership by calling prediction markets the β€˜latest evolution of gambling-like platforms.’ Almost three months after the National Council on Problem Gambling (NCPG) announced Kalshi as the first member of its new Financial Services & Trading vertical, questions mount about the…
πŸ“° PREDICTED
Polymarket Seeks A $20 Billion Valuation

News Roundup: Polymarket seek a $20 billion valuation, Utah wins in court, and CME + FanDuel venture finally pulls back. Plus, everything else in prediction markets this week.
πŸ—ž NEWS
Anthony Richardson Trade Market Steady on Kalshi

Kalshi continues to point towards Anthony Richardson being traded from the Indianapolis Colts.
πŸ“Š Prediction Market Pulse Β· 11 Aug

πŸ’΅ Total 24h volume: $1.37B (πŸŸ₯ -3% w/w)

🟒 Kalshi $1.07B (πŸŸ₯ -3% w/w)
πŸ”΅ Polymarket $197M (πŸŸ₯ -10% w/w)
🟀 Nadex $36M (πŸŸ₯ -5% w/w)
🩡 Rothera $34M (🟩 +180% w/w)
🟠 Opinion $19M (🟩 +1% w/w)
🟣 Predict.fun $9M (πŸŸ₯ -5% w/w)
🟑 Limitless $4M (🟩 +13% w/w)
πŸ”΄ Hip4 $488k (πŸŸ₯ -49% w/w)

πŸ“ˆ Total open interest: $1.16B (🟩 +5% w/w)

🟒 Kalshi $677M (🟩 +5% w/w)
πŸ”΅ Polymarket $430M (🟩 +5% w/w)
🩡 Rothera $19M (🟩 +65% w/w)
🟀 Nadex $14M (πŸŸ₯ -11% w/w)
🟣 Predict.fun $11M (🟩 +4% w/w)
🟠 Opinion $4M (🟩 +1% w/w)
🟑 Limitless $374k (🟩 +2% w/w)

Combined 7-day volume: $10.50B

Data: Artemis
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'Really difficult path' to legislation on prediction markets, Johnson says - SDPB

'Really difficult path' to legislation on prediction markets, Johnson says SDPB
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White House to Senate: Pass Clarity Act by Sept. 15 or Never

The White House says the Senate has until September 15 to advance the Clarity Act after Democrats blocked a procedural vote before the August recess, with prediction markets now pricing roughly a one in four chance the bill becomes law in 2026. A Hard Deadline From the White House Patrick Witt, executive director of the […]
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Connecticut Judge Finds Kalshi Sports Contracts Are Not Swaps, Rejects Preemption Bid

The federal court decides that Kalshi is unlikely to prevail on either of its central legal arguments, while noting that sports generated up to 90% of the prediction market’s revenue. A Connecticut federal judge has denied Kalshi’s request to block the state from enforcing its gambling laws against the prediction market, finding that its…