5312 stories by Todd Shriber
Hobbs Wants to Make Arizona Sports Betting Tax Among Highest in the US
Governor is proposing a 45% tax rate on select operators The state currently levies a 10% on internet sports wagering As is the case in Illinois, the proposal targets the largest operators In the search for more revenue, Gov. Katie Hobbs (D-AZ)...
Giannis Antetokounmpo Is Now a Kalshi Investor
Company says it has $100 billion in annualized revenue Antetokounmpo is first NBA star to join Kalshi investor ranks He won’t be able to trade on NBA markets Milwaukee Bucks star Giannis Antetokounmpo is now a Kalshi shareholder, according to announcements on...
DraftKings Partners with Crypto.com on NFL, NBA Player Prop Bets
DraftKings Predictions will now feature player-specific event contracts on the NFL and the NBA. Company said it is teaming up with Crypto.com That partnership paves the way for expansion on DraftKings Predictions, including political derivatives DraftKings Predictions, said today it is partnering...
MGM Stock Lands Modest Price Target Increase on Vegas Optimism
Analyst lifts MGM price target due in part to Las Vegas stability Stock has multiple 2026 catalysts, including BetMGM and Japan Capital return story should continue, says analyst Capping a weird week in which inadvertently and then officially released fourth-quarter and full-year...
Sands, Wynn Tipped to Gain Macau Market Share
Macau casino stocks often rally ahead of Chinese Lunar New Year Analyst believes Las Vegas Sands and Wynn can add market share in Macau Macau GGR estimates seen as conservative Ahead of Chinese Lunar New Year festivities, which often bring upside for...
Kalshi Creating Problems for DraftKings, Says Bear Cave
Kalshi execution beating DraftKings Consumers “are voting with their fingertips,” says Dorsey Kalshi more appealing to sharps, whales Shares of DraftKings (NASDAQ: DKNG) are off 5.1% today after a research firm published a report noting that Kalshi is besting the sportsbook operator...
Opinion On-Chain Prediction Market Raises $20 Million
Company raised $20 million in a pre-Series A round The platform isn’t available in the US… …But it’s one of the largest prediction markets in the world Opinion Labs, the company behind the Opinion Trade prediction, raised $20 million from several investors...
Coinbase Sues Attorney General and Nevada Gaming Board
The Nevada Gaming Control Board is suing Coinbase to prevent it from offering sports event contracts in the state Coinbase quickly responded with a suit of its own Company calls Nevada action a manufactured emergency Coinbase Global (NASDAQ: COIN) late Wednesday responded...
Kairos, Company Behind Prediction Market Terminal, Lands $2.5M in Funding
Company is building a Bloomberg Terminal-esque product for prediction market traders The startup landed $2.5 million in financing in a funding round led by a16z crypto Kairos, a startup company developing a unifying terminal for prediction market traders, raised $2.5 million in...
MGM, Entain Rally as BetMGM Posts First Profitable Year
The gaming stocks soared Wednesday as BetMGM delivered estimate-beating 2025 results Net gaming surged 33% to $2.8 billion Company reiterates $500 million 2027 EBITDA target Shares of MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY) rallied Wednesday as BetMGM --...
