Churchill Downs Incorporated (CDI) has announced that it has entered into a definitive agreement to acquire the intellectual property, including all trademarks and associated rights, of the Preakness Stakes and Black-Eyed Susan Stakes (the Preakness IP Rights) from 1/ST Maryland LLC, an affiliate of 1/ST Racing, for a purchase price of $85 million, subject to customary closing conditions (the Transaction).

The Preakness IP Rights are subject to an Exclusive License Agreement pursuant to which CDI will license to the State of Maryland the intellectual property rights necessary to conduct the running of the Preakness Stakes and Black-Eyed Susan Stakes in exchange for an annual fee.

The Preakness Stakes, first run in 1873, is the second leg of the Triple Crown of Thoroughbred Racing. The Black-Eyed Susan is a leading race for three-year-old fillies traditionally conducted at Pimlico Race Course on the day before Preakness.

“This acquisition adds one of the most iconic brands in American sports to our portfolio and is consistent with our strategy of investing in premier Thoroughbred racing assets with long-term growth potential. In keeping ownership of the Preakness intellectual property in the racing industry, CDI will support efforts to fully realize the potential of a redeveloped Pimlico and Preakness Stakes within the Triple Crown and the broader sports and entertainment landscape,” said Bill Carstanjen, Chief Executive Officer of CDI.

The parties expect the Transaction to close after the running of the 2026 Preakness Stakes. The Transaction will be funded with cash on hand and the Company’s existing credit facility.

Betsson has announced that it has entered into an agreement to acquire Rhino Entertainment Group’s B2C business in Canada. The acquisition scope includes several Rhino Group entities that collectively hold assets, licenses, personnel, and operational capabilities related to Rhino’s B2C activities in Ontario and the rest of Canada. The target business currently serves Canadian customers and is well-positioned to expand into additional Canadian provinces as local regulatory frameworks continue to evolve.

In addition to the B2C assets, Betsson will acquire Rhino’s proprietary front-end and middleware technology. This technology will strengthen Betsson’s B2B offering and is expected to drive incremental licensing revenue within Betsson’s B2B business.

The transaction is consistent with Betsson’s strategy to generate shareholder value by investing in existing and new B2C markets and growing its B2B business. The acquisition is expected to add economies of scale, strengthen profitability and expand Betsson’s growth opportunities in its B2C and B2B businesses. In 2025, the acquired assets generated a combined estimated EUR 13.7 million of earnings before interest, taxes, depreciation and amortisation (EBITDA) on a proforma basis.

The total purchase price amounts to approximately EUR 64.5 million with an upfront payment of EUR 51.25 million at closing and a deferred payment of the remaining amount six months after closing. Betsson will finance the acquisition with existing cash resources.

Completion of the deal is expected to take place after applicable regulatory clearances in the second or third quarter of 2026. Gernandt & Danielsson Advokatbyrå acts as lead legal advisor to Betsson in connection with the transaction.

PolyGun, the world’s leading copy trading platform for prediction markets, has acquired Polymarket Analytics, the number one data and intelligence platform in the global prediction market space. PolyGun has earned its reputation as the most powerful and intuitive copy trading tool in the space, enabling users to automatically mirror the trades of the best-performing Polymarket wallets in real time. Polymarket Analytics, meanwhile, has built the most comprehensive prediction market intelligence platform on the internet.

This deal marks a watershed moment for an industry that has rapidly matured into a multi-billion dollar arena.

The Scale of Polymarket Analytics

Polymarket Analytics is the pulse of the entire prediction market ecosystem. The platform currently tracks:

• Over 2,300,000 traders monitored across Polymarket and Kalshi

• 183,871+ active markets tracked in real time

• 119,782,679+ individual positions indexed

• Over 250,000 active users on the platform

• As one of the only platforms in the world that provides deep analytical coverage of both Polymarket and Kalshi, Polymarket Analytics gives users a true 360-degree view of the prediction market landscape.

The platform has uncovered remarkable patterns in prediction market behavior: traders with documented 96% win rates on mention markets, anonymous accounts winning hundreds of thousands during NBA playoffs, and distinct trader archetypes, from speed traders reacting to breaking news, to liquidity providers, to disciplined “bonders” compounding on high-probability markets. This depth of intelligence was a central factor in PolyGun’s strategic decision to acquire the company.

“PolyGun was built on a single belief: that every trader deserves to win. We have obsessed over giving our users the tools they need to make smarter, faster, and more profitable decisions. Acquiring Polymarket Analytics is the next evolution of that mission. When you combine the best trading execution platform with the best data platform in the world, you don’t just improve the product, you change what’s possible,” said Larry, CMO & CFO at PolyGun.

What the Integration Means for Users

PolyGun plans to deeply integrate the Polymarket Analytics data pipeline directly into the PolyGun platform, giving users access to the fastest and most reliable market and trader intelligence available anywhere. This means PolyGun users will be able to make copy trading decisions backed by institutional-grade data, seeing not just who is winning, but understanding why, across every market and every platform.

Education has always been at the core of PolyGun’s DNA. The platform’s core philosophy is: “We win when our users win”. PolyGun invests in helping every user understand the markets they are trading in, the traders they are copying, and the edge they need to succeed consistently. The acquisition of Polymarket Analytics accelerates the mission to enable user access to position history, trader performance breakdowns, market sentiment data, win rates, and much more, all surfaced natively inside the PolyGun experience.

Polymarket Official Builders Program Partnership

Both PolyGun and Polymarket Analytics are official partners of the Polymarket Builders Program, an initiative designed to support the most innovative builders in the prediction market ecosystem. The Polymarket Builders Program has been instrumental in fostering a community of mission-driven teams who are committed to growing the prediction market space responsibly and ambitiously. This acquisition is in many ways a direct result of the world-class environment that Polymarket has cultivated in the program that empowers builders to dream bigger, move faster, and create products that genuinely serve the community.

As Vainglorious steps back from the CEO role, he leaves with the same mindset that built Polymarket Analytics from the ground up — find a north star, stay consistent, and ship.

“The hardest part wasn’t the code — it was finding a north star, staying consistent, and actually shipping,” said Vainglorious, CEO of Polymarket Analytics.