Sam McQuillan

1 week ago | legalsportsreport.com | Sam McQuillan

FanDuel strengthened its grip on the US sports betting market in Q1 2025, growing revenue and profitability despite a rough March Madness for operators. Parent company Flutter Entertainment reported earnings Wednesday, highlighting FanDuel’s gains, sports betting margin expansion, and product development as management addressed the rapidly changing industry. FanDuel reported $1.67 billion in Q1 revenue, up 18% year over year, including a 15% increase in sportsbook revenue.

1 week ago | legalsportsreport.com | Sam McQuillan

Investment firm HG Vora Capital Management has filed a lawsuit against Penn Entertainment, accusing the company of violating federal securities laws and breaching its fiduciary duties after it reduced the number of board seats up for election from three to two ahead of its 2025 annual meeting.

1 week ago | legalsportsreport.com | Sam McQuillan

The NCAA has sanctioned five current or former Iowa State football support staff members after they collectively placed more than 6,200 bets totaling over $100,000, some on Iowa State’s own basketball programs, over a two-year span. The disciplinary action follows a broader state-led investigation into sports betting activity at Iowa and Iowa State athletic facilities from 2021 to 2023.

1 week ago | legalsportsreport.com | Sam McQuillan

Sports prediction markets on Robinhood, Kalshi and Crypto.com are a direct threat to the integrity of the NBA, the league says. In a Thursday letter to the Commodity Futures Trading Commission, which oversees those markets, the NBA warned that allowing wagers on the outcome of games without the robust safeguards required of licensed sportsbooks could jeopardize the integrity of the sport.

1 week ago | legalsportsreport.com | Sam McQuillan

Genius Sports on Thursday announced the expansion of its interactive sports betting product, BetVision, now available for soccer through a new partnership with rights distributor Infront Bettor. Genius Sports says its BetVision for soccer gives sportsbooks access to more than 120 global competitions, including the French Ligue 1 and UEFA Champions League qualifiers. The announcement marks the product’s second major sport integration following its NFL launch in 2023.