5448 stories by Todd Shriber
Super Bowl Betting Expected to Decline 2% to $1.5 Billion, Says Analyst
Operators face tough hold comps This year’s matchup could result in lower handle Prediction markets sources of pressure, too Super Bowl LX, the 60th edition of the NFL’s biggest game, is coming up on Sunday, February 8, but it might not be...
Prediction Markets Gamify Finance, Says Better Markets
Policy group sees parallels in prediction markets and the rise of GameStop in 2021 Says prediction markets are competition for cryptocurrency among young, potentially addicted traders Line between betting and investing is blurring, says group Five years removed from the massive rally...
Kalshi Hires Former Biden Administration Member to Lead DC Office
Prediction market operator announces opening of new Washington, DC office Former Biden staffer John Bivona will be company’s first head of government relations Bivona has nearly two decades experience as a Democrat advisor, strategist Prediction market operator Kalshi announced the opening of...
Kalshi, Polymarket Not ‘Genuine Markets’ says Better Markets Director
Kalshi, Polymarket aren’t “genuine markets,” says Better Markets director He says “prediction market” is a disingenuous label Adds CFTC is “ill-suited” to regulate prediction markets A public policy expert believes there’s no essentially no difference between prediction markets and casinos, local bookies,...
Locals Want Shuttered San Francisco Mall to Become a Casino or Sphere
The San Francisco Centre mall is closing for good on Monday. A poll indicates some residents would like to see the property turned into a casino or Sphere. Most want it converted to an entertainment or housing. The San Francisco Centre mall,...
Forbes Launching Prediction Markets, but Real Money Won’t Be at Stake
The financial publication expects to launch ForbesPredict in the second half of 2026 It won’t involve real money and will focus on outcomes of Forbes articles Forbes is getting into the prediction markets arena, but real money won’t be at stake when...
Melco Could Reap $600 Million Windfall by Selling Manila Casino, Says Analyst
Lawerence Ho’s company previously said it’s examining alternatives for City of Dreams Manila If analyst’s $600 million forecast proves accurate, that’s roughly 25% of the company’s current market capitalization Analyst says stock is inexpensive and selloff is “overdone” Lawrence Ho’s Melco Resorts...
Flutter Facing Rough Q4 on Prediction Market Cannibalization
Flutter’s fourth-quarter results could disappoint, says analyst December results were “uncharacteristically bad" Prediction markets appear to be taking some share from online sportsbooks Investors shouldn’t expect much from Flutter Entertainment (NYSE: FLUT) when it steps into the earnings confessional next month. While...
Sphere Stock Rallies as Analyst Sees Variety of Catalysts Driving Upside
Analyst lifts rating on Sphere Entertainment to “buy” from “neutral” Says there are multiple catalysts to contributing to bullish outlook Forecasts improved profitability in 2026 and 2027 Shares of Sphere Entertainment (NYSE: SPHR) surged Thursday after a research firm upgraded the stock...
Wynn Facing Fed Probe Tied to VP’s Alleged Liquor Scheme
Whistleblower informed Department of Justice (DOJ) regarding possible improprieties involving alcohol companies and a Wynn nightlife executive The assistant US attorney looking into the matter handled the DOJ’s case against Wynn resulting in a $130 million forfeiture in 2024 As of yet,...
