5402 stories by Todd Shriber
Kalshi Expands Insider Trading Rules With Athlete, Politician Screens
The prediction market operator is expanding its insider trading protocols Those include “preemptive” athlete and politician screening The move comes as senators attempt to ban sports event contracts Kalshi, the largest prediction market operating in the US, announced a sweeping set of...
Caesars Takeover Could Spark New Wave of Casino Deals, Says Analyst
If a Caesars takeover happens, it could be “the first of many” in the casino industry, says Truist analyst Jonas Due to Caesars being a high-profile operator, boards at other gaming companies may be compelled to weigh takeovers Caesars has been bought...
Retail Traders Lose Out to ‘Sharks’ on Prediction Markets, Says Analyst
Fresh data confirm that retail traders on prediction markets are losing more than sports bettors Sharp bettors are utilizing prediction markets to their advantage Crossover players aren’t valuable sportsbook clients, says analyst New data confirm that retail prediction markets traders fare worse...
Betting Stocks Rally on Senate Bill Aiming to Halt Sports Prediction Markets
Shares of DraftKings, Flutter, and rivals popped on Monday on news of a Senate bill that would prohibit sports event contracts The bill will reportedly be introduced by a Democrat and a Republican, confirming bipartisan support During football season, some experts said...
5% Federal Sports Betting Tax Could Raise Nearly $100B, Says Policy Group
The federal tax on sports wagering is just 0.25% today If it was raised to 5%, it’d generate $97 billion in revenue over a decade At 5%, it’d be the fifth-largest federal excise tax Plenty of states aren’t shy about raising sports...
Kalshi Facing Temporary Nevada Ban Following Court Ruling
Nevada court issues 14-day temporary restraining order against Kalshi The order bars from Kalshi from offering entertainment, political and sports event contracts in the state It’s the first time a state has forced a prediction market to halt operations The First Judicial...
Regional Casino Consumers Proving Resilient as Gas Prices Surge, Says Analyst
Even consumers on the low end are showing strength Analyst likes Churchill Downs, Penn Entertainment The national average gas price is $3.91 per gallon, according to AAA The conflict in Iran sent the national average gas price to $3.91 a gallon today,...
BetMGM ‘Optionality’ Could Be Imminent for Entain, Says Analyst
Entain could be ready to make a decision on the fate of its 50% interest in BetMGM Jefferies analyst says BetMGM “standalone capability” could emerge as soon as Q2 That would provide Entain with flexibility The time for Entain Plc (OTC: GMVHY)...
Kalshi Raises $1 Billion, Sends Valuation Soaring to $22 Billion
Kalshi reportedly raised $1 billion That doubles the prediction market operator’s valuation to $22 billion That doubling occurred in less than four months Kalshi has reportedly procured $1 billion in fresh capital, sending its valuation soaring to $22 billion, or double what...
Kalshi Traders See 80% Chance Caesars Is Acquired This Year
Kalshi traders broadly expect Caesars will be taken over in 2026 The event contract is currently 80% in the “yes” camp, but that’s off the high of 91% Takeover chatter pertaining to the casino giant has been quiet this week Traders on...
