Daily brief
Daily Brief — 7 November 2026
CFTC tells exchanges to drop geofencing despite court orders; DraftKings and Super Group cut 2026 guidance, while PENN lifts its retail outlook and eyes Texas.
By iGG News Desk ·
Today's brief covers a regulatory clash over prediction-market access, guidance cuts at DraftKings and Super Group, and PENN's raised retail outlook alongside its Texas ambitions.
Elsewhere · CDC Gaming Reports
Inside the latest prediction market news
The CFTC told federally regulated exchanges to end geofencing within 30 days or explain why they cannot, putting them at odds with court orders. Senator Adam Schiff criticised the move as undermining state law and tribal sovereignty.
cdcgaming.com
Elsewhere · Yogonet
DraftKings cuts 2026 earnings forecast by up to $625 million as quarterly losses nearly double
DraftKings lowered its 2026 adjusted EBITDA outlook to $175m–$275m, citing heavy investment in its Predictions business. Third-quarter revenue rose 16%, but net loss widened to $468.7m from $256.8m a year earlier.
yogonet.com
Elsewhere · Gambling Insider
PENN Q3 Revenue Hits $1.84B as Texas Opportunities Emerge, Interactive Losses Narrow
PENN posted third-quarter revenue of $1.84bn, up 7.1%, on record retail results, and raised its retail guidance. Its CEO named Texas as the largest opportunity after the departures of key expansion opponents.
gamblinginsider.com
Elsewhere · CasinoBeats
Super Group cuts 2026 guidance after $40m sports hit as casino and UK growth hold up
Super Group reduced its 2026 targets after customer-friendly sports results cost about $40m of quarterly revenue. Third-quarter revenue grew 10% to $611m, led by online casino and UK growth, and the group announced a $150m buyback.
casinobeats.com
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