Daily brief
Daily Brief — 8 October 2026
Prediction markets stay in focus: Coinbase exits Michigan sports contracts, Ohio reportedly sets a deadline, and the Ninth Circuit backs two tribes.
By iGG News Desk ·
Today's brief covers regulatory pressure on prediction markets across several US states, a Ninth Circuit ruling on tribal land, and news on suppliers, studios and corporate deals.
- Prediction
Coinbase agrees to end sports event contracts in Michigan by 10 October
The Michigan regulator says Coinbase will stop listing sports event contracts and close open positions by 10 October; the legal dispute continues.
- Prediction
IAGR and NAGRA file amicus brief in New Jersey's Kalshi Supreme Court case
The two regulator associations filed an amicus brief on 2 October in New Jersey's Kalshi case; states won in the Sixth and Ninth Circuits.
- Telegram
Card breakers sue TikTok and Fanatics over bans
Three sellers allege TikTok Shop staff pointed banned accounts to Fanatics deals after trademark and gambling strikes, according to their lawsuits.
- Sports
WSF Odds: player props rose to 14.2% of turnover during World Cup
Supplier data for June and July 2026 shows player props gaining share of turnover and GGR, while goalscorer markets stayed strong.
- Prediction
Genius Sports launches Prediction.com comparison site built on $1.2bn Legend deal
Genius Sports launched Prediction.com, showing data from 11 prediction market apps alongside live sports data. Its Legend unit built the site.
- Prediction· Data
Kalshi and Polymarket account for 1.33m of 2.8m NFL betting app downloads in Week 2
Sensor Tower data quoted by Citizens put Week 2 downloads at 2.8m, up 28% year over year; Polymarket and Kalshi lead DraftKings and FanDuel over two weeks.
- Operators
Evolution sets up US-focused slot studio Spinning Whale, first game due in November
Spinning Whale joins five other Evolution slot studios, and its games will be distributed exclusively through the group's One Stop Shop.
- Operators
People Inc withdraws $18bn MGM Resorts offer as MGM stays independent
People Inc dropped its $48.30-per-share bid for the 73% of MGM it does not own on 23 September; reports then pointed to a possible reverse approach by MGM.
- Prediction
Ohio reportedly orders 10 prediction market firms to stop sports contracts by 16 October
Yogonet reports the Ohio commission has told 10 prediction market operators and brokers to end sports event contracts by 16 October.
- Prediction
Ninth Circuit backs two tribes against Kalshi sports contracts on tribal land
The appeals court held that two tribes are likely to show Kalshi's sports event contracts violate IGRA when users trade from reservations, and remanded.
- Prediction
Texas Senate hearing: AGA and Kalshi testify on prediction markets
The 15 September Texas Senate State Affairs hearing on prediction markets heard from the AGA's Tres York and Kalshi's Robert DeNault.
Elsewhere · EGR
Sportradar nets $170m after selling Atrium Sports to Teamworks Innovations
Sportradar has sold Atrium Sports, a platform for coaching and scouting analysis, to Teamworks Innovations in an all-cash transaction worth $170m net. The New York-listed company says the disposal lets it concentrate on its main products.
egr.global
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