Marcus Chen brings a quantitative approach to poker strategy and sports betting analysis. With a background in data analytics and over eight years covering professional poker circuits, his articles combine statistical insights with practical advice for serious players looking to sharpen their edge at the table.
DraftKings reported a drop in Q2 revenue due to sports outcomes and increased promotional spending — a combination that outweighed its major customer growth. The company posted $1.44 billion in…
A Utah federal judge has ruled that the state’s strict anti-gambling laws apply to Kalshi’s sports event contracts, a decision that rejects the company’s defense of federal commodities law preemption….
Fanatics Betting and Gaming’s head of responsible gaming, Anthony D’Angelo, voiced stern criticism of sports prediction markets this week. Speaking at the National Conference of State Legislatures Legislative Summit in…
A federal judge in New York has denied Kalshi’s request for an injunction to stop the state from enforcing its sports betting regulations on the company’s prediction market contracts. This…
California tribal leaders are setting their sights on 2028 for a sports betting ballot measure, eager to capitalize on the rise of prediction markets. On Wednesday’s “New Normal” podcast, James…
IG Group announced its acquisition of Underdog for up to $1.3 billion. The deal includes an upfront payment of $1.1 billion, partially in IG Group shares, with an additional $200…
Rush Street Interactive (RSI) has revised its annual revenue guidance upward, reflecting a notable quarter that saw strong iGaming share growth for BetRivers and a lucrative World Cup period. RSI…
DraftKings has partnered with Delta Air Lines to roll out SkyPicks, a free-to-play sports game, now accessible on all domestic flights. Players can’t bet real money but can win Delta…
The National Council of Legislators from Gaming States (NCLGS) is taking a firm stance against unregulated prediction markets. At their recent summer meeting, the executive committee explicitly called on Congress…
A Minnesota federal judge has placed a temporary hold on the state’s newly enacted ban on prediction markets, suggesting that the law may be overridden by federal regulations on event…
Fanatics is stepping up its game in the sports betting world, acquiring key infrastructure to bolster its prediction market capabilities. The company is purchasing Water Street Labs and CX Clearinghouse…
BetMGM has adjusted its expectations, no longer anticipating to reach its $500 million annual EBITDA target next year. Increased competition from both regulated and unregulated prediction markets is a major…
The path to legal online casinos in Massachusetts just hit another roadblock. The state launched its interactive lottery platform on Monday, a move spearheaded by State Treasurer Deb Goldberg, who’s…
The Wisconsin Elections Commission issued a stern warning this week, advising voters they can’t simultaneously bet on and vote in the same election. This announcement hasn’t sat well with prediction…
Kalshi, a prediction markets operator, has agreed to halt the offering of sports, election, and entertainment contracts in Nevada by August 12. This decision follows a legal tussle with the…