5544 stories by Todd Shriber
Sands CEO Dumont Says Casino Company Not Interested in iGaming
Las Vegas Sands won’t pursue online gaming Company previously had minor investments in the space, but scrapped a related unit last year Dumont wants Sands to focus on land-based integrated resorts Las Vegas Sands (NYSE: LVS) won’t be changing its view on...
Prediction Market ‘Combos’ Bigger Losers for Bettors Than Sportsbook Parlays
Prediction market combos lead to larger losses for retail bettors than the parlays offered by traditional sportsbooks Citizens Research estimates retail market participants lose 45% more wallet with combos compared to sports betting parlays Bettors using both prediction markets and sportsbook generating...
AGA: Prediction Markets Pilfering $1B+ in Tax Revenue from States, Tribes
Gaming lobby says states and tribes have missed out on more than $1 billion in tax revenue from prediction markets Prediction markets are federally regulated by the Commodity Futures Trading Commission (CTFC) States are grappling with how to appropriately tax yes/no exchanges...
Analysts Say ‘Low’ Caesars Buyout Will Lift MGM, Ignite Casino Dealmaking
While Tilman Fertitta’s $31-a-share cash offer represents a significant premium over earlier trading, analysts argue it still undervalues Caesars’ long-term footprint Low or not, the $17.6 billion enterprise deal establishes a firm valuation floor for domestic casino operators, resetting expectations for the...
Prediction Market Volume Is Surging—And Leaving Sports Betting in the Dust
Kalshi, Polymarket combined April volume reached $24 billion, according to American think-tank Pew Research Center Average month in 2025 for US sportsbooks was $14 billion in handle terms Sports drove 80% of turnover on Kalshi last month Prediction market volume is soaring,...
The Next Contender: Rush Street Interactive Signals Entry Into Prediction Markets
Rush Street Interactive recently filed for a designated contract market (DCMs) license That could pave the way for the gaming company to enter the prediction market industry The stock has long been viewed as protection against prediction markets expansion Rush Street Interactive...
Truist Upgrades MGM to ‘Buy’ on Predicted Las Vegas Strip Recovery
Analysts flag an imminent growth turnaround for MGM's core market Favorable hotel booking trends provide a strong tailwind for the current quarter MGM stock trades at a compelling discount, signaling a prime entry point Shares of MGM Resorts International (NYSE: MGM) surged...
Trump Backs Federal Control of Prediction Markets, Slams State Democrats as ‘Scum’
The president has previously expressed ambivalence toward prediction markets His son, Donald Trump Jr is an advisor to Kalshi and Polymarket He bashed Democrat politicians as standing in the way of the prediction markets industry In a new Truth Social post, President...
Hedge Funds Reap $2.3B Profit Betting Against Flutter and Sportsbook Rivals
Short sellers have accumulated over $2.3 billion in paper profits betting against three dominant online gambling operators Flutter bore the brunt of the attack with $2 billion in short profits, followed by $351 million from DraftKings and $35 million from Entain The...
Prediction Market ‘Rain’ Injects $100 Million Ahead of World Cup V2 Launch
Rain, a decentralized prediction market protocol, has announced a massive expansion ahead of the upcoming FIFA World Cup The platform is backing its upcoming V2 launch with a $100 million liquidity commitment to ensure deep market depth for World Cup traders The...
