BetMGM said it renewed its NFL marketing partnership in Canada, extending the agreement by one year on 23 October. The deal, first agreed in 2022 for Ontario, now covers Alberta as well and allows BetMGM to continue using NFL branding in its Canadian marketing.
BetMGM can continue using NFL branding in Canadian marketing as its partnership now covers Alberta as well as Ontario.
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Kalshi has introduced ladder and escalator contracts on selected NFL player markets. The contracts pay incremental amounts as a player accumulates statistics, with each contract settling at between $0.00 and $1.00. Ladders and escalators are available for receptions, receiving yards, rushing yards and a fantasy ladder based on fantasy points.
Kalshi now offers ladder and escalator contracts on a limited set of NFL player markets. Payouts grow step by step as a player's statistics accumulate, and every contract settles somewhere between $0.00 and $1.00. The eligible statistics are receptions, receiving yards and rushing yards, plus a fantasy ladder tied to fantasy points.
BetMGM's iGaming revenue grew 6% to $483m. The outlet also reported a 7% increase in online sports betting revenue to $216m.
BetMGM reported third-quarter revenue of $710m, up 7% year over year, the company said during its Q3 2026 earnings call. iGaming revenue rose 6% to $483m, while sports revenue increased 7% to $216m. Active players fell 3% to 878,000.
Reportedly, BetMGM is directing more marketing towards New Jersey, Pennsylvania, Michigan and West Virginia, where it offers both online casino and sportsbook products. Online casino generated approximately 68% of Q3 revenue, with revenue from that segment increasing 6% year on year to $483m.
Online casino accounted for roughly 68% of BetMGM's third-quarter revenue, and the operator now plans to concentrate more marketing spending on the four markets where it runs both a casino product and a sportsbook. Those states are New Jersey, Pennsylvania, Michigan and West Virginia. By contrast, the company's mobile sportsbook is regulated and available in 25 jurisdictions. Online Poker Report covered the shift, drawing on a company release and the earnings call.
SportsGrid is reportedly seeking a buyer with help from investment bank Telos Advisors, citing an unnamed source first reported by Front Office Sports. The company has reportedly held talks with potential buyers for several months, and one possible lead buyer has emerged. SportsGrid’s revenue has declined in recent years after it lost major sportsbook partnerships with operators such as FanDuel and BetMGM.
SportsGrid, a sports wagering media network, is reportedly working with investment bank Telos Advisors to find a buyer, according to an unidentified source cited in a report. The company has reportedly held talks with prospective buyers for several months, and one potential lead buyer has emerged. The identity of that buyer was not disclosed.
BetMGM chief executive Adam Greenblatt expects the total addressable market for prediction markets to contract before a Supreme Court hearing. He also said BetMGM was withstanding competitive pressure, with betting handle increasing by 3%.