Tag Archives: ReadWrite

Optimism returns as US Gaming Industry reports strong Q3 2025 growth despite economic uncertainty

The United States’ Gaming Industry Outlook has a sense of renewed optimism in Q3 of 2025, as industry leaders are citing rising revenues and stronger balance sheets. “The Gaming Conditions Index indicates that real economic activity – measured by key … Continue reading

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Are prediction markets gambling? Growth blurs lines between finance and betting

Prediction markets used to be the quirky side dish of the internet. Maybe you placed a small bet on who’d win an election or whether a big tech merger would finally happen. Or maybe you were one of the many … Continue reading

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Police in South Korea bust $3.4 billion gambling ring based in the Philippines

South Korean law enforcement has made 14 arrests after a gambling ring based in the Philippines was uncovered in Gangwon province. The Gangwon Provincial Police Agency’s Criminal Investigation Unit reported on November 6 that it had busted those involved with … Continue reading

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Light & Wonder announce positive Q3 earnings

Gambling product provider Light & Wonder has announced its Q3 2025 earnings, which, along with others reporting this week, appear to be good news. The company saw a 78% increase in its net income, with a 3% rise to $841 … Continue reading

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SGLA criticizes Minnesota AG’s crackdown on sweepstakes casinos as misguided action

The Social Gaming Leadership Alliance (SGLA) has released a press release expressing “disappointment” over a state’s decision to push back on what it considers illegal gambling. Namely, the Minnesota Attorney General has come out swinging against “out-of-state and overseas operators” … Continue reading

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Kalshi and Polymarket prediction markets to be integrated into Google Finance

Google has announced it’ll add support for prediction markets data into its Finance section, as it begins to explore data from these platforms. The announcement came in on Thursday (October 6) with a new suite of AI features added to … Continue reading

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Robinhood Q3 financials highlight Kalshi partnership with 100% growth

Robinhood, the trading and prediction market platform, has announced its Q3 financial results for 2025. Headlining the quarterly report is that revenue is up “100% year-over-year to a record $1.27 billion”. Helping this along is that Robinhood now has “11 … Continue reading

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VGW to end sweepstakes play in West Virginia as regulations tighten

Australian gaming giant VGW has confirmed that it plans to wind down its sweepstakes-style Promotional Play options in West Virginia later this year. This comes as it already wound down some of its sweepstakes operations in New York and New … Continue reading

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DraftKings and ESPN pact spotlights upcoming Predictions launch amid improved quarterly results

DraftKings and ESPN made their new agreement public on Thursday (November 6) as the broadcaster replaced PENN Entertainment with DraftKings as the exclusive ‘Official Sportsbook and Odds Provider.’ The partnership means fans will be able to use betting features and … Continue reading

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Ex-NBA star Damon Jones pleads not guilty in gambling and poker conspiracy cases

Former NBA guard and assistant coach Damon Jones pleaded not guilty on Thursday (November 6) to conspiracy charges tied to two separate federal gambling cases. In the first case, prosecutors say Jones, best known for his time with the Cleveland … Continue reading

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