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PENN Entertainment has extended its agreement to use Kambi’s retail sportsbook technology until July 31, 2027.
After initially extending the agreement to the end of 2025, Kambi will now continue to support PENN’s sportsbook operations until July 31, 2027. The agreement includes all on-property sportsbooks that are active as of the end of 2025, with Kambi currently supporting 30 PENN properties across 13 US states.

Kambi is pleased to announce a retail sportsbook partnership extension with PENN Entertainment.
The extension, relates to on-property sportsbooks active by end of 2025, provides PENN Entertainment access to Kambi’s premium retail sports betting technology until 31 July 2027.… pic.twitter.com/6c2GHOUGuU
— Kambi (@KambiSports) November 26, 2025

Kambi offers a turnkey sportsbook solution for customers like PENN, allowing companies to rapidly expand into new areas. In the case of PENN, the company is reportedly planning a “migration to its proprietary technology”, using Kambi’s technology to remain flexible during the transition.

“We are pleased to extend our retail agreement with PENN Entertainment, reaffirming Kambi’s position as the trusted sportsbook provider for leading operators,” said Kambi CEO Werner Becher.
“This agreement ensures PENN can continue to benefit from our high-performance technology while maintaining the flexibility to execute its long-term strategic plans. We look forward to continuing to work alongside PENN to deliver exceptional retail sportsbook experiences for its customers across the US.”
Kambi and PENN have eyes on future growth
Some of the features included in Kambi’s offering include betting kiosks, over-the-counter betting options, and modern trading capabilities. The company has had its eyes on growth and expansion, with conservative financial reports including a major source code acquisition.
On PENN’s behalf, the company’s most recent financial results highlighted a focus on the US and Canada, which goes hand in hand with this extended partnership with Kambi. This comes after PENN and ESPN parted ways, rebranding ESPN Bet to theScore Bet.
Indeed, PENN’s North American iCasino arm of the business achieved its highest quarterly gaming revenue yet, seeing an increase of nearly 40% year-over-year. Those encouraging results underline the decision to continue investing in that space through the ongoing extension with Kambi.

Featured image: Kami Group / PENN Entertainment

The post Kambi and PENN extend their sportsbook partnership until July 2027 appeared first on ReadWrite.

After a post to social media allegedly containing racist language from Polymarket’s company account, a representative for the company has apologized.
Prediction market Polymarket was quickly called out for a now-deleted post to X that allegedly contained ethnic slurs. The post reportedly used racial insults while accusing some of its users based in India, Nigeria, and Turkey of pretending to be women.
The company’s Chief Legal Officer, Neal Kumar, has taken to X to address the message, apologizing for it and saying the company “takes full responsibility”.

The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility. As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place…
— Neal Kumar (@HereComesKumar) November 26, 2025

“The post earlier this week from an unofficial Company account was unacceptable, and we take full responsibility,” he wrote. “As an Indian American, looking up the history of the term sucked. I’ve always found engagement to be far more effective than rage, and believe this came from a place of misunderstanding, not hate.
“Uncomfortable conversations to understand each other is a practice to live and breathe, and we had one here this week to make us stronger. We apologize for the pain and we are committed to doing better.”
Backlash to Polymarket on social media
Social media users have used the example of this post to criticize Polymarket’s presence on social media in general.
“Polymarket’s social media strategy is the worst I’ve ever seen,” wrote founder and CEO of Creator Buddy, Alex Finn. “Almost every official account tweets rage bait, misinformation, and lies. All just to drive engagement. You’re turning off a lot of people and I’d encourage you to reconsider the entire strategy.”
Others argue that the apology should come from the official Polymarket account, not Kumar’s, with another social media user, Andy Parackal, writing: “The racist post wasn’t some random meme; it targeted Indians, Nigerians, and Turks, and it was posted under an account literally signing off as the Polymarket traders. So why is the apology coming from you personally, instead of the official Polymarket account where the slur was posted?”
Polymarket typically uses its X account to promote certain contracts and bets that can be placed on the predictions market platform, with some recent examples including whether Jesus Christ will return before 2027 and whether a turkey will audibly gobble during the official pardoning, among other financial and political contracts.
ReadWrite has reached out to Polymarket for further comment. This comes hot on the heels of Polymarket securing CFTC approval to return to the US.
Featured image: Polymarket
The post Polymarket CLO apologizes for company post allegedly including racist language appeared first on ReadWrite.