5590 stories by Todd Shriber
Roundhill Ditches Passive Index to Actively Manage Famous BETZ Gambling ETF
The Roundhill Sports Betting & iGaming ETF (BETZ) will officially convert to an actively managed fund immediately following the market close on Thursday, June 18 The move means the ETF will stop tracking its rigid benchmark, the Morningstar Sports Betting & iGaming...
Rush Street Inches Closer to Prediction Markets with DCM Filing
Rush Street Interactive filed for two important prediction market licenses with the CFTC for both a Designated Contract Market (DCM) license and a Derivatives Clearing Organization (DCO) registration It’s viewed as the latest sign the internet casino giant is serious about entering...
Kalshi Tops $100B in Lifetime Volume as Daily Levels Soar Amid Major Sporting Events
Kalshi’s lifetime total notional volume recently surpassed $100 billion fueled by a perfect storm of sports betting and macroeconomic forecasting With the help of big sporting events, the prediction market operator recently notched its first ever $1 billion volume days propelled by...
Kalshi Using Claude AI to ‘Referee’ Prediction Markets
Internally dubbed "Harrison," the proprietary AI agent was built to handle backend market compliance as Kalshi’s transaction volumes skyrocket Harrison proactively reviews and stress-tests the literal wording of event contracts, catching ambiguities and closing potential loopholes before wagers go live Beyond legal...
Moody’s: Bally’s Evoke Acquisition ‘Credit Positive’ for Indebted Target
Bally’s finalized a deal to buy London-listed gaming operator Evoke at a premium rate of 50p per share The takeover rescues Evoke—owner of William Hill and 888—as it struggles under a crushing £1.8 billion net debt load The agency labeled the deal...
Robinhood Debuts Rothera Exchange With Massive World Cup Prediction Rollout
World Cup prediction market volume already exceeded that of the Super Bowl Bernstein says Robinhood likely to draw “strong tailwinds” from the event The company is routing World Cup trades through Rothera Shares of Robinhood (NASDAQ: HOOD) climbed on Monday (June 15)...
Stifel: Diller Likely Has to Bid Higher for MGM to Get Deal Done
Analyst says there’s “less internal support” for MGM takeover offer than the bid to acquire Caesars MGM shares trade above Diller’s offer price, implying investors expect a revised bid There’s downside risk should offer be rejected It’s been two weeks since Barry...
JP Morgan: MGM’s Japan Casino Asset Alone Worth $19 Per Share
JPMorgan estimates that MGM Osaka could add up to $31 per share in long-term value once fully operational Analysts cite Singapore’s highly lucrative Marina Bay Sands as the closest structural blueprint for Osaka’s revenue potential While the resort is scheduled to open...
Stifel: Penn May Be a Winner as Casino M&A Heats Up
Recent high-profile takeover bids for rivals Caesars and MGM support a highly favorable "valuation floor" for Penn Entertainment stock While not a buyer for whole companies, Penn could selectively buy specific regional casino properties that Caesars is forced to divest during consolidation...
Flutter To Exit London Listing as New York Becomes Primary Market
Flutter Entertainment will pull its shares from the London Stock Exchange in August News comes about two years after the company made New York its primary listing venue New York will be the gaming stock’s sole listing Flutter Entertainment (NYSE: FLUT) announced...
