Posts From: June 2025

Kalshi valued at $2 billion in latest funding round

Kalshi has raised $185 million in a funding round that values the prediction marketplace at $2 billion, its CEO Tarek Mansour said in a post on X on Wednesday. The...

Finance News
Entain stock gains as Goldman Sachs upgrades rating

Goldman Sachs upgraded Entain from neutral to buy on Thursday, raising its price target to GBP10.20 from GBP8.10, citing improved risk/reward following the company’s successful turnaround efforts. The upgrade follows...

Finance News
PointsBet and Betr shares slide as MIXI lodges off-market takeover

Betr has raised questions over the validity of a shareholder vote that appeared to clear the way for Japanese firm MIXI to acquire PointsBet’s Australian wagering business in a $400 million...

Finance News
Polymarket nears $200 million fundraising at valuation over $1 Billion

Polymarket is close to raising $200 million in a funding round that values the world’s biggest prediction market at more than $1 billion, a person familiar with the matter told...

Finance News
New Jersey Governor proposes online gambling tax hike

New Jersey Governor Phil Murphy is putting the finishing touches on a tax hike for online casinos and sports betting operators to 20%. The deadline to do so before the start of the fiscal year is...

Finance News
Danske Spil first quarter revenue tops DKK1.27 billion

Danske Spil’s first quarter revenue tops DKK1.27 billion net revenue amounts to DKK 565.6 million against DKK 534.2 million record in 2023. The year’s operating profit before tax, value adjustments...

Finance News
Pennsylvania posts record gambling revenue for May

The Pennsylvania Gaming Control Board (PGCB) reported that the combined total revenue generated from all forms of gaming along with fantasy contests during May 2025 was $601,833,369, an increase of...

Finance News
Loterie Romande sets new revenue record in 2024

The year 2024, marked by a combination of favorable and unprecedented factors for Loterie Romande, that generated gross gaming revenue of CHF 438.2 million and an exceptional profit of CHF...

Finance News
DraftKings bets on politics

DraftKings is jumping into electoral politics with a new corporate PAC. The DraftKings PAC will be led by the platform’s senior director of federal affairs, Lauren Pfingstag Vahey, and senior vice president...

Finance News
Danish online gaming revenue up 21% in April

The Danes’ gambling spend increased in April 2025 compared with the same month last year. Especially online casino and betting saw a growth in the spending.  Figures from the Danish...

Finance News