5448 stories by Todd Shriber
SEC Could Regulate Some Prediction Markets, But Not Sports
CFTC, SEC already share some oversight responsibilities SEC Chair Atkins says prediction markets have potential overlap for the two agencies It’s unlikely the SEC would get involved with sports event contracts Prediction market operators may soon have another federal regulator to answer...
Melco Resorts Ends Strategic Review of Manila Casino
A transaction didn’t materialize for City of Dreams Manila Ho says considered alternatives didn’t maximize the venue’s value Melco could reevaluate the situation down the road Nearly a year to the day after it unveiled a strategic review for its City of...
DraftKings Post-Earnings Slide Takes Stock to Lowest Levels Since April 2023
DraftKings stock plunges after company issues weak 2026 revenue guidance It forecast sales of $6.5 billion to $6.9 billion Analysts were expecting $7.3 billion Shares of DraftKings (NASDAQ: DKNG) in after-hours trading Thursday following a tepid 2026 revenue forecast that’s well below...
Polymarket Token Launch Could Be Imminent
Social media chatter indicates prediction market giant could soon launch native cryptocurency Company recently made patent filings for the “POLY” token Cryptocurrency and prediction markets traders alike may soon have something to cheer as it appears Polymarket is getting to closer to...
Prediction Markets Aren’t Taking Share from Legal Sports Betting, Says ARK
Cathie Wood’s investment firm says prediction markets aren’t taking sizable share from legal sportsbooks Rather, “regulatory arbitrage” is at play DraftKings deposits outpace Kalshi in states where both are legal Prediction markets notched massive turnover increases over the course of the 2025...
Michigan Governor Proposes New Sports Betting & Casino Tax Hikes to Fund Medicaid
Michigan governor wants to duplicate the per bet tax scheme employed by nearby Illinois The Illinois policy resulted in fewer bets being placed and operators passing costs onto bettors Whitmer also wants to scrap promo spending deductions and raise taxes on iGaming...
Red Rock Unveils Another Special Dividend, Updates Las Vegas Spending Plans
Company forecast 2026 spending of up to $425 million, including Durango, Green Valley Ranch, and Sunset Station expansions Those projects are on time and on budget Red Rock declared a special dividend of $1 per share Red Rock Resorts (NASDAQ: RRR) delivered...
PrizePicks Founder Adam Wexler Gifted Six-Figure Watch from Poker Legend Phil Hellmuth
The Tourbillon watch is a gift for PrizePicks selling a majority stake to Allwyn That deal values the company at up to $4.15 billion Hellmuth was an early PrizePicks investor Poker legend Phil Hellmuth sure knows how to show his appreciation. Just...
FanDuel Founder Eccles Says Kalshi Traveling Same Road as Juul, Skillz
FanDuel co-founder says Kalshi needs to pull back or risk meeting a similar outcome to that of vaping company Juul He says Kalshi advertising is aggressive and likely to be ineffective He also made comparisons between Kalshi and Skillz FanDuel co-founder Nigel...
Las Vegas Sands Gets Credit Rating Upgrade on Strong Singapore Performance
Fitch takes Sands one notch further into investment-grade territory Ratings agency says outlook is “stable” Cites strong performance at Marina Bay Sands Las Vegas Sands (NYSE: LVS), the largest casino operator as measured by market capitalization, landed a credit rating upgrade from...
