5359 stories by Todd Shriber
Michigan Most Likely State to Raise iGaming, Sports Betting Taxes in 2026
Trio of states proposed raising gaming taxes this year Michigan viewed as most likely to do so, according to a research firm Whitmer is seeking Illinois-style sports betting tax scheme as well as increased iGaming levies To this point in the 2026...
Caesars Says ‘No’ to Prediction Markets…For Now
CEO Reeg says prediction markets are gambling Says company won’t participate in the industry in the current regulatory environment He’s open to it down the road if more regulatory clarity emerges Count Caesars Entertainment (NASDAQ: CZR) as a “no” and a hard...
Kalshi, Tradeweb Team Up to Expand Institutional Access to Prediction Markets
Tradeweb is also taking a stake in Kalshi The two companies will explore “an institutional-focused portal for event contracts” Partnership could bolster Kalshi’s footprint among institutional traders Tradeweb Markets (NASDAQ: TW), which runs electronic markets for a variety of financial instruments, and...
Novig Raises $75M in Series B Funding Round Led by Pantera Capital
Novig’s last capital raise was $18 million in August 2025 Company says its clients are 10x more likely to win than on traditional sportsbooks Novig has raised $105 million in less than two years Novig, the operator of a US peer-to-peer sports...
Nevada Sues Kalshi, Says It’s Engaging in ‘Unlawful Behavior’
A 9th Circuit Court ruling paves the way for Nevada to block Kalshi from doing business there The Gaming Control Board filed a civil enforcement action against the prediction market firm Board says Kalshi is expanding its business amid legal challenges Following...
Political Prediction Market ETFs Gain Momentum With New Filings
Bitwise, GraniteShares throw hats into prediction markets ETF ring Funds appear similar to previously pitched products SEC hasn’t approved these ETFs The prediction markets industry is fiercely competitive and the same is true of the race to launch exchange funds (ETFs) tied...
Circa Las Vegas to Host “Bitcoin Takeover” in April
Circa is sponsoring a three-day Bitcoin takeover event at the downtown Las Vegas casino The event coincides with a major cryptocurrency conference taking place at a Strip integrated resort Circa has a longstanding embrace of the king of digital currencies Circa Resort...
Einhorn Reduces Penn Entertainment Holdings as Shares Slip
DME Capital sold nearly 700,000 shares of Penn Entertainment in Q4 The hedge fund was also likely a seller of the regional casino stock in the prior The money manager still owns more than six million shares of the gaming stock David...
Rush Street Interactive Execs Sell Shares, Pare Down Stock Holdings
CEO Schwartz engages in largest sale to date COO Stetz also sold shares The stock is down 17.50% year-to-date High-ranking executives at Rush Street Interactive (NYSE: RSI) have recently been cutting their exposure to the gaming stock. A Form 4 filing with...
Super Group Accused of Misleading Investors by Spruce Point
Bearish research firm alleges Super Group is improperly booking revenue from a South African subsidiary The short seller says the gaming company claims to own 100% of the unit when documents indicate it does not The stock is struggling this year Spruce...
