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Prediction Markets vs. OSBs: The Never-Ending Story?
Fanatics Markets stops accepting trades in Utah on Wednesday, November 4, pulling its entire prediction-market offering from the state. DraftKings and FanDuel have pulled their sports contracts there too but kept financial event contracts live. The retreat follows Utah Attorney General Derek Brown's criminal charges against Kalshi and its co-founders: 13 felony gambling counts plus one count of profiting from illegal activity. Also: Fox's advertising revenue jumps 47% on the World Cup, while Lachlan Murdoch promises a "disciplined" approach to future rights; Fanatics and the NHL launch…
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