Sportradar Updates Outlook as U.S. Betting Slows
Quarterly revenue rose 19%, but currency moves, a flatter American market and slower prediction-market deals weighed on results.
Quarterly revenue rose 19%, but currency moves, a flatter American market and slower prediction-market deals weighed on results.
The filing comes a day after the company said it launched federally regulated sports event contracts in 47 states.
The deal gives registered U.S. users live tennis, official data and prediction markets in one app.
Another report put total consideration at up to about $1.3 billion, including the upfront value and an earn-out.
June handle fell 20% from May, while iGaming accounted for most of the state’s $341.3 million in combined receipts.
HB 2711 adds age limits, anti-manipulation rules and steep penalties as the state gaming board tells federal regulators the products are illegal sports wagering.
Joe Maloney says the trade group will keep its focus on state-regulated sports betting and iGaming as members make their own choices
David Z. Bean told a House hearing that CFTC-regulated contracts are bypassing tribal and state rules and draining gaming revenue.
The sports-gaming operator now controls the venue after buying Aristotle Exchange and securing CFTC licences.
Kalshi broke records as H2 Gambling Capital said the category reached 27% of legal U.S. sports-betting volume
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