5402 stories by Todd Shriber
Super Group Stock Has Potential Upside of Nearly 51%, Says Analyst
The once-hot stock has been in a funk this year Super Group could benefit from the World Cup Analyst says markets don’t fully comprehend the Africa opportunity set Super Group (NYSE: SGHC) stock has the makings of a rebound candidate with the...
61% of Americans Say Prediction Markets Are Gambling
That’s nearly 8x the amount that view event contracts as investing 41% use prediction markets to make money Young men are nearly twice as likely to participate in sports betting and prediction markets as the general public Prediction markets are attempting to...
Fitch Affirms MGM Credit Grade of BB-, Three Notches Into Junk Territory
The ratings agency continues to rate the casino giant non-investment grade Fitch applies a “stable” outlook to MGM rating Fitch says headwinds remain in Las Vegas MGM Resorts International’s (NYSE: MGM) credit rating was affirmed at BB- with a “stable” outlook today...
Kalshi Hit With Criminal Charges in Arizona, State Says Company Is Operating Illegal Betting
Kalshi sued Arizona last week, state fired back today In a 20-count criminal complaint, the state says Kalshi is operating an illegal wagering platform State also criticized Kalshi for offering election event contracts In a wide-ranging 20-count criminal complaint, the state of...
Five-Minute Bitcoin Trades Equal Gambling, Says Expert
Five-minute cryptocurrency trades are increasingly popular on Polymarket, other prediction markets Expert says those traders are more akin to gambling, not investing He warns those event contracts could harm crypto credibility Polymarket traders are increasingly embracing ultra-short-term cryptocurrency trades, but at least...
Kalshi Lags DraftKings in Sports Betting Favorability, Says Truist Survey
When they have access to choice, bettors prefer DraftKings sportsbook to Kalshi sports event contracts But when they’re in states where prediction markets are the only option, Kalshi scores well relative to rival prediction markets Most prediction market users have college degrees,...
JPMorgan Reviews Staff Rules on Prediction Markets Amid Insider Trading Concerns
The bank is considering implementing policies on how staff interact with prediction markets It’s not clear if the consideration is prompted by insider trading concerns or if outright bans will be unveiled The bank isn’t considering a prediction markets entry of its...
Churchill Downs Still a ‘Buy’ Amid Virginia Gaming Expansion Talks
Virginia lawmakers recently passed two gaming expansion bills Churchill Downs, MGM expected to lobby against Fairfax County casino Analyst says Churchill Downs stock is still a “buy” Churchill Downs (NASDAQ: CHDN) stock is off 23.40% year-to-date and some of that weakness is...
Betting Data Providers Can Reap Prediction Market Rewards, Says Analyst
Analyst says data providers could benefit regardless of legal outcomes for prediction markets Signs emerging market makers want data offered by the providers NFL looms large While there’s some sentiment in the investment community that prediction markets are partially to blame for...
MGM Believes Japan Casino Could Compete with Marina Bay Sands on Profitability
Marina Bay Sands, operated by Las Vegas Sands, is the most profitable casino in the world MGM believes its Osaka integrated resort could eventually compete on that level MGM Osaka is expected to open in 2030 Executives from MGM Resorts International (NYSE:...
