5532 stories by Todd Shriber
Kalshi Gets Green Light to Offer Margin Trading to Institutional Clients
Prediction market operator lands approval to offer margin trading The service will initially be limited to institutional investors It could bring more professional traders into prediction markets Kalshi could soon launch margin trading for institutional clients after receiving approval from the National...
Red Rock Casino Construction Plans Could Be Pain Then Gain Scenario
Red Rock Resorts is enhancing or expanding several of its Las Vegas casinos Analyst says construction disruption is likely to be modest He projects significant upside for the stock Red Rock Resorts (NASDAQ: RRR) is expanding or refreshing three of its Las...
Cathie Wood’s ARK Invest Partnering with Kalshi on Financial Prediction Markets
The growth-oriented asset manager will use select Kalshi markets as part of its research process and portfolio strategy ARK is focusing on three use cases for research process and portfolio strategy The money manager and ETF issuer is a Kalshi investor Cathie...
Sharp Bettors Moving Cash to Prediction Markets, Sports Expected to Extend Volume Dominance
Experts say large, skilled bettors are embracing the convenience of prediction markets Sports seen extending volume, liquidity leads on prediction market platforms Sportsbook apps still provide the superior user experience The convenience offered by prediction markets is driving more highly skilled bettors...
Sportsbooks Slashing Post-Super Bowl Promo Spending
February promotional spending is down dramatically in at least six states Post-Super Bowl pruning is typical, but 2026 declines are large Just two operators increased promotional expenditures last month With football being the most wagered on sport in the US, it’s not...
Codere Online May Be Buyout Target Amid Parent Company Takeover Rumors
Spanish media reports suggest Codere Group is a takeover target That could stoke buyout interest in Codere Online Prospective buyers of Codere Group could look to simplify the corporate structure Amid speculation that Codere Gaming (CG) is positioning itself for a sale,...
Massachusetts Dem Bans Staff from Using Prediction Markets
Moulton is the first member of Congress to take such action The ban applies to all of his staffers, including those working in the Massachusetts district he represents He says prediction markets “are playgrounds for corrupt insiders” Rep. Seth Moulton (D-MA) is...
Penn Poised for Improving Finances in 2026, Says Credit Analyst
Revamping of multiple regional casinos helps the outlook So does an improving picture for the company’s digital gaming unit Lease-adjusted leverage currently resides at 7x In somewhat quiet fashion, shares of Penn Entertainment (NASDAQ: PENN) are up nearly 16% over the past...
New York City Casinos Seen Posting up to $5.6B in Annual Revenue
Research firm says that’s the bull case scenario for the three licensees The bulk of that estimate is based on gaming revenue with some contributions from non-gaming sources The base case scenario is $4.7 billion in annual revenue The three New York...
Robinhood Sees Prediction Markets Evolving Beyond Sports
Brokerage firm aiming to be a prediction markets leader Company could build-out prediction platform with wider-ranging institutional capabilities Analyst says international expansion could be in the cards Robinhood Markets (NASDAQ: HOOD) is aiming to be a prediction markets while expanding its yes/no...
