Nvidia earnings, Target’s profit outlook, Meta’s antitrust victory and more in Morning Squawk

Here are five key things investors need to know to start the trading day.

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Netherlands Pauses Move to Seize Chinese-Owned Chipmaker Nexperia

Gesture of goodwill temporarily cools EU–China dispute that rattled global car supply chains.
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Credit risk automation platform Kaaj raises $3.8M seed from Kindred Ventures

Kaaj announced on Wednesday a $3.8 million seed round from Kindred Ventures and Better Tomorrow Ventures.  

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Playtech expands partnership with SkillOnNet to secure exclusive bingo deal

Playtech have recently announced an expansion with long-term partners SkillOnNet to become the exclusive bingo provider for the operator in both the UK and Mexico.
A new brand called Zingo Bingo will be launched, while flagship names such as PlayOjo and PlayUZU will also be included in the exclusive deal.
This long-standing partnership, which dates back to 2021, is going from strength to strength with SkillOnNet successfully launching its bingo offerings on the new bingo platform by Playtech.
Both companies are now working in unison to not only improve player engagement across their bingo brands, but to further deepen their collaboration over the coming years.
“We’re pleased and excited to welcome SkillOnNet to the Playtech Bingo Network,” Said Marat Koss, Playtech’s Chief Interactive Gaming Officer.
“Their decision to migrate their iconic brands like PlayOjo to our new Next-Gen iBingo platform is a strong validation of our technology and long-term Bingo strategy. We look forward to continuing our close collaboration with the SkillOnNet team as we build on our shared success and drive further growth across key markets.”
SkillOnNet’s Head of Bingo, Malcolm Farrimond, added: “We are delighted to partner with Playtech Bingo as we bring PlayOjo, PlayUZU, and our new Zingo Bingo brand to their platform.
“To mark the launch of the new PlayOjo bingo, we will produce a large scale ATL and digital marketing campaign, including strategic TV sponsorship deals. The strength of Playtech’s technology, combined with the scale of its Bingo network, makes them the ideal partner to support our growth. We’re confident this collaboration will deliver great value to our players and look forward to building a strong, long-term relationship.”
Playtech have been busy throughout 2025
ProgressPlay also partnered with Playtech, rolling out its bingo platform across more than 120 UK gambling sites in April. This expansion, alongside SkillOnNet, is just one of the many deals Playtech have conducted this year.
In January, the company partnered with Nederlandse Loterij, before announcing a new deal to provide bingo games to BV Group and their brands BetVictor and Heart Bingo. However, it offloaded Happybet in May, the German brand of Playtech, transferring it to pferdewetten.de, a Frankfurt-based operator in the gambling industry.
In September, the company began to roll out retail sports betting across the MSC Cruises fleet after a partnership was forged earlier in 2025.
Customers are now able to make use of Playtech’s sports betting solutions, with MSC Cruises being the third largest cruise line in the world, enhancing Playtech’s growing stature in the industry.
Featured image: Playtech
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Larry Summers resigns from OpenAI board after release of emails with Epstein

Details about Summers’ communications with sex offender Jeffrey Epstein were made public last week.

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Make Better Diagrams with Microsoft Visio Professional 2021, Now $13

Create org charts, flow diagrams, mind maps, SWOT analysis, and even floor plans with user-friendly controls and more than 250,000 preset templates.
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As Lovable hits $200M ARR, its CEO credits staying in Europe for its success

Lovable CEO Anton Osika said he credits ignoring advice to move to Silicon Valley for the AI coding company’s success.

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Connecticut warns of DraftKings scheme leading to arrests in growing fraud

The Department of Consumer Protection Gaming Division in Connecticut has issued a warning to the public regarding an emerging scheme connected to DraftKings. According to officials, the scheme targets gaming operators and “promises a big payoff but could result in your arrest for identity theft, computer crimes and larceny charges.”
A total of 15 arrests have been made by the Gaming Division so far in connection with this investigation, with several more arrests said to be pending.

“If someone approaches you and asks you to participate in a ‘business venture’ that sounds like fraud, it probably is,” said DCP Commissioner Bryan T. Cafferelli.
Learn more about the illegal scheme:https://t.co/XgzKkTsl4L
— Connecticut Department of Consumer Protection (@CTDCP) November 14, 2025

“If someone approaches you and asks you to participate in a ‘business venture’ that sounds like fraud, it probably is,” said DCP Commissioner Bryan T. Cafferelli in the warning. “Participating in this scheme is a crime. It’s unlikely you’ll land a big payoff, but it will likely result in your arrest.”
How does the Connecticut illegal gaming scheme targeting DraftKings work?
The department has issued a step-by-step explanation as to how the scheme works, with it starting with someone approaching you, either in person or through social media, to ask you to open a gaming account if you don’t already have one.
They then provide you with a credit card and instruct you to make a large deposit into your gaming account, with these credit cards being allegedly linked to stolen identities.
The department continues to suggest that after briefly participating in gaming activity, the schemers will instruct you to withdraw the money and deposit it into your own account. You will then be instructed to transfer all or a portion of that withdrawal via a payment app like Zelle to a new account, often held by the original person who contacted you. That person then keeps most of the funds.
“This is fraud, and a felony,” said DCP Gaming Director Kris Gilman. “The organizers of these schemes will promise you won’t get caught, but that’s clearly not true. Identity theft and computer crimes are traceable.
“The message is clear: do not participate in this scam. You’ll be promised money for nothing when, in reality, you’ll be paid much less than promised, if anything at all. On top of that, you’ll be left with a felony warrant for your arrest. Never attempt to fund your online gaming account with a bank account that is not your own and do not share your online gaming account credentials with anyone.”
The department has also stated that consumers can report gaming-related concerns to them through email.
Featured Image: AI-generated via Ideogram
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FanDuel joins DraftKings in resigning from the American Gaming Association

FanDuel and DraftKings have tendered their resignation from the American Gaming Association (AGA), effective immediately.
Their decision has set a milestone in the current timeline of American gambling operators, underlining the split between state-regulated gambling markets and the jurisdiction afforded to federally regulated prediction markets.
With these two major players in the gambling industry breaking away from the AGA, FanDuel’s comments, confirmed to ReadWrite, show that there has been a paradigm shift among companies distancing themselves from traditional regulatory ties.
“As we expand into prediction markets, we recognize this direction is not aligned with the American Gaming Association’s current priorities for its member operators. After thoughtful consideration, we have decided to step back from our AGA membership at this time.”
The AGA accepts resignations
DraftKings echoed the statement of its counterpart, saying to The Closing Line, that the operator has “determined that its plans no longer fully align with the AGA’s direction in certain areas and have decided to relinquish its membership.”
The AGA stoically recognized the submissions, saying “The AGA has accepted their request to relinquish their membership, effective immediately. We wish them the best, and we expect to maintain close ties in our mission to promote and protect legal, regulated gaming,” a spokesperson confirmed to ReadWrite.
FanDuel and DraftKings part ways with AGA amid prediction market uncertainty
We have reported on the sharp rise in prediction markets since federal regulators opened the doors to companies like Kalshi and Polymarket operating within the US.
The Commodity Futures Trading Commission (CFTC) regulates all Designated Contract Markets (DCMs) under the Commodity Exchange Act (CEA).
Critics of the CTA believe the legislation’s wording is outdated, leading to a host of cease-and-desist motions across the nation, but there has been continued growth in both the valuation of providers and those entering the fray.
The grey area afforded to those under the CFTC as a DCM creates a hotbed of opportunities for operators to offer markets that have traditionally required extensive approval and licensing from state regulators and AGA membership.
In the case of Kalshi, the prediction provider chose to challenge the rights of Tribal Communities regarding the CFTC’s jurisdictional oversight, underscoring the tensions bubbling across traditionally regulated areas.

BREAKING: Three federally recognized California Indian tribes have sued Kalshi and Robinhood in CA federal court, alleging that the two companies are unlawfully engaging in sports betting by offering sports-outcome event contracts on the tribes’ Indian lands in violation of IGRA. pic.twitter.com/renw1XBtjz
— Daniel Wallach (@WALLACHLEGAL) July 23, 2025

“Kalshi does not house servers on Indian lands. Kalshi does not employ personnel on Indian lands. Kalshi conducts no business whatsoever on Indian lands,” said the New York-based company.
This could set a precedent in the prediction market race and prompt more companies to shift their business trajectories into the lane of federally regulated markets, much to the chagrin of state parties.
Featured image: AGA
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The $500 billion Nvidia question, and 4 others, CEO Jensen Huang must answer tonight

Nvidia earnings will be out after Wednesday’s close, and AI rockstar CEO Jensen Huang will be on the hot seat.

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