News
CFTC's Louisiana lawsuit raises the stakes for Kalshi
CFTC lawsuits against Louisiana and Arkansas put Kalshi's state access in focus. We examine the legal history, temporary order and business risks.
GambleBallers - News
News
Bragg Gaming revenue falls 23% as cash generation takes priority
Bragg Gaming’s Q3 revenue fell 23% to €20.6m. We examine the cash flow gap, its content strategy and Morten Tonnesen’s turnaround priorities.
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Polymarket’s Job Cuts Put Its Next Growth Phase Under Scrutiny
Polymarket confirms job and contractor cuts. We examine its revenue claims, ICE backing, leadership hires and the risks behind its next phase of growth.
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Digital Card Rips Test the Line Between Collecting and Gambling
Digital card rips draw PrizePicks, Underdog and FanDuel’s interest. We examine instant buybacks, physical cards, legal history and the quality of growth.
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DoubleDown’s Takeover Shows Why a Higher Offer Can Lose
DoubleDown’s takeover disclosures show why a conditional higher offer fell short. We examine the history, valuation, financing and minority investor safeguards.
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The NBA Cameo That Tests DraftKings' VIP Defence
DraftKings disclosed a Miles McBride Cameo sent to a customer. We examine athlete consent, VIP gift controls and the history behind congressional scrutiny.
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Better Collective's Reported Job Cuts Expose the Limits of Diversification
Better Collective reportedly cut up to 85 jobs. We examine its Brazil exposure, acquisition history and the costs behind a more resilient affiliate business.
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Aristocrat Names Its Next CEO as Digital Growth Faces a Profit Test
Dafne Guisard is set to succeed Trevor Croker at Aristocrat in April 2027. We examine its digital profits, strategy and the challenges she will inherit.
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Gentoo’s €100m Refinancing Gives the Juroszek Family Control
Gentoo Media’s €100m refinancing puts the Juroszek family in control. We examine dilution, the new loan and the acquisition history behind its funding needs.
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Kalshi Faces Reported CFTC Warning Over Product Filings
Kalshi reportedly faces a CFTC warning over product filings. We examine self-certification, its regulatory history and the risks of rapid product growth.
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Brightstar’s Profit Squeeze Shows the Cost of a Lottery Licence
Brightstar Lottery cut its 2026 outlook. We examine Italy Lotto’s licence cost, the gap between profit and cash flow, and the risks behind long concessions.
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Catena Media Revenue Falls 30% as Search Pressures Mount
Catena Media’s Q3 revenue fell 30%. We examine search disruption, its North American reset and the risks behind loyalty products and traffiqX.
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Playtech Raises Its 2026 Forecast as Risks Build for 2027
Playtech expects 2026 adjusted EBITDA above €300m. We examine Hard Rock Digital, the Snaitech sale and the UK, Brazil and competition risks facing 2027.
News
Prediction Markets Face the Cost of Fighting the States
Underdog’s Missouri challenge and Ohio restrictions show how state enforcement affects prediction-market brokers, suppliers and licensed gambling businesses.
News
CDA Gaming’s Brazil Reprieve Is Suspended as Licence Dispute Deepens
CDA Gaming’s interim relief in Brazil was suspended on 6 November. We examine the licence dispute, the corrected chronology and the limits of a temporary court victory.
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Inspired’s Comparable Growth Faces a Changing UK Tax Test
Inspired’s Q3 comparable growth shows supplier resilience, while Brazil’s shutdown, future UK machine-duty changes and cash generation test its limits.
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FanDuel Faces Hearing Over Bill Simmons’ Proxy Bets
Massachusetts will examine FanDuel’s handling of wagers described by Bill Simmons. We explain why device location and account control raise separate questions.
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DraftKings’ VIP Defence Hinges on When the Perks Stop
DraftKings has defended its VIP programme to US lawmakers. We examine host incentives, customer safeguards and what Britain’s stricter model can show.
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Play’n GO Sale Report Puts Revenue Quality in Focus
We examine what Play’n GO’s reported sale plans could mean for revenue quality, distribution and the earnings needed to support a higher valuation.
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Evolution and Playtech: The Risks Beyond the Next Hearing
Evolution's New Jersey case faces a UPEPA hearing. We examine disclosure risks, the possible addition of Playtech and the limits of a procedural win.
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PENN's Texas Bet Began Long Before This Election
PENN plans a stronger Texas gambling push. We examine its racing interests, the 2012 Retama deal, political hurdles and the risks of waiting for reform.
News
CFTC's 30-day access demand deepens prediction markets dispute
The CFTC's 30-day access demand meets court restrictions in Michigan and on California tribal lands. We examine the prediction markets dispute.
News
DraftKings cuts outlook as prediction markets test its growth model
DraftKings cuts its 2026 earnings outlook as Predictions spending rises. We examine the customer payback model and the risk to sports market access.
News
Light & Wonder's digital split puts SciPlay's new CEO to the test
Light & Wonder's iGaming grows while SciPlay contracts. We examine the history, direct sales economics and the task facing new CEO Matthieu Labbat.