Main menu
Todd Shriber
5695 stories by Todd Shriber
BetMGM ‘Optionality’ Could Be Imminent for Entain, Says Analyst
Entain could be ready to make a decision on the fate of its 50% interest in BetMGM Jefferies analyst says BetMGM “standalone capability” could emerge as soon as Q2 That would provide Entain with flexibility...
Kalshi Raises $1 Billion, Sends Valuation Soaring to $22 Billion
Kalshi reportedly raised $1 billion That doubles the prediction market operator’s valuation to $22 billion That doubling occurred in less than four months Kalshi has reportedly procured $1 billion in fresh capital, sending its valuation...
Kalshi Traders See 80% Chance Caesars Is Acquired This Year
Kalshi traders broadly expect Caesars will be taken over in 2026 The event contract is currently 80% in the “yes” camp, but that’s off the high of 91% Takeover chatter pertaining to the casino giant...
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...
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...
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...
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...
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...
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...
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...
