A Gambler's Blog - LuckyRedRabbit.com

Genius Sports CEO says prediction market rise is a win-win as Legend synergies begin to show

Genius Sports’ Chief Executive Officer, Mark Locke, has made clear that the rise of prediction markets is a win-win for the NYSE-listed company. It follows the business securing partnerships with the sector’s two dominant forces in Kalshi and Polymarket earlier in the week. Locke affirmed his confidence in working with prediction market platforms in Genius’ […]

PokerStars UK to migrate to Betfair, Sky Bet and Paddy Power platforms

Flutter Entertainment is making PokerStars the primary poker product of its UK brands, starting with Betfair before an integration on Sky Bet and Paddy Power later this year. Consolidation of UK brands comes amid a generational leadership change at Flutter, with current Chief Executive Officer and President of International brands, Dan Taylor, whose remit has […]

PENN Entertainment Raises 2026 Retail Outlook After Strong Q2

PENN Entertainment reported record second-quarter retail results as revenue reached $1.5 billion, an increase of about 4% year over year. Adjusted EBITDAR rose approximately 6% to $517.2 million, producing a 34.4% margin. Nine properties recorded their strongest second-quarter revenue …

The post PENN Entertainment Raises 2026 Retail Outlook After Strong Q2 first appeared on RealMoneyAction.com.

Polymarket Eyes $20 Billion Valuation Amid Europe Curbs

Polymarket is reportedly seeking about $1 billion in funding at a valuation above $20 billion, according to Bloomberg, as prediction markets grow in the United States while facing regulatory restrictions across Europe.

Bloomberg reported on August 4, 2026, that …

The post Polymarket Eyes $20 Billion Valuation Amid Europe Curbs first appeared on RealMoneyAction.com.

Wisconsin Sports Betting Law Faces Constitutional Challenge

Wisconsin’s new online sports betting framework faces a lawsuit from conservative groups that argue lawmakers lacked constitutional authority to expand gambling. The case targets a law allowing federally recognized tribal nations to offer mobile sports wagering to people physically in …

The post Wisconsin Sports Betting Law Faces Constitutional Challenge first appeared on RealMoneyAction.com.

Tribal Leaders Challenge Prediction Market Sports Contracts

Tribal gaming representatives urged Congress to intervene in sports prediction markets, arguing that event contracts can function like sports wagers while avoiding requirements applied to tribal and state-regulated gaming.

The concerns emerged during an August 4 Senate Indian Affairs Committee …

The post Tribal Leaders Challenge Prediction Market Sports Contracts first appeared on RealMoneyAction.com.

UFC Champion Charles Oliveira to take the Super Stage at SBC Summit 2026

UFC lightweight champion Charles Oliveira, holder of UFC’s all-time records for most finishes, submission wins and post-fight bonuses, will appear at SBC Summit 2026 across two days as an Aviator brand ambassador, courtesy of award-winning game developer SPRIBE. Oliveira will meet attendees at the SPRIBE booth (A416) on Tuesday, 29 September, before taking to the […]

Entain’s three-year contract suggests all hope not lost for Ladbrokes Coral

At a time when retail betting operations in the UK are being rolled back, Ladbrokes Coral owner Entain has penned a deal suggesting the opposite. The company has signed a three-year contract with Barron McCann, an onsite and remote IT support services provider. The contract entails multi-device engineering support and lifecycle infrastructure services for Entain’s […]

Novibet CTO: technology is the digital business itself

The success of running an online business depends largely on the technology behind it. This rings especially true if you’re in the online entertainment sector, where regulations, tech innovation, and customer preferences intersect on a daily basis. For Novibet and its Chief Technology Officer, Yiannis Stavroulas, having a forward-looking vision today of how your business […]

What the 2026 World Cup taught RightBet about volatility, pricing and sportsbook risk

The 2026 FIFA World Cup rewrote football’s record books long before the final whistle. Expanded to 48 teams, staged across three host nations and featuring 104 matches, the tournament presented sportsbooks with an operational challenge unlike anything they had experienced before. While the additional fixtures created unprecedented betting opportunities, they also introduced greater uncertainty. Unfamiliar […]