5359 stories by Todd Shriber
Bettors Given Prediction Market Edge By New Tool to Fade Losers
Traditional copy trading tools only allow users to follow other bettors and traders Stand is taking the opposite approach It could work because most prediction market traders lose money Sports bettors know about the notion of fading bettors that are on losing...
New Political Prediction Market ETFs Could Give Bettors an Edge
Fund sponsor files for six ETFs that would track domestic political prediction markets The ETFs haven’t been approved as of yet Roundhill is the company behind a well-known sports betting ETF Bettors and traders focusing on political prediction markets could have new...
SEC Could Regulate Some Prediction Markets, But Not Sports
CFTC, SEC already share some oversight responsibilities SEC Chair Atkins says prediction markets have potential overlap for the two agencies It’s unlikely the SEC would get involved with sports event contracts Prediction market operators may soon have another federal regulator to answer...
Melco Resorts Ends Strategic Review of Manila Casino
A transaction didn’t materialize for City of Dreams Manila Ho says considered alternatives didn’t maximize the venue’s value Melco could reevaluate the situation down the road Nearly a year to the day after it unveiled a strategic review for its City of...
DraftKings Post-Earnings Slide Takes Stock to Lowest Levels Since April 2023
DraftKings stock plunges after company issues weak 2026 revenue guidance It forecast sales of $6.5 billion to $6.9 billion Analysts were expecting $7.3 billion Shares of DraftKings (NASDAQ: DKNG) in after-hours trading Thursday following a tepid 2026 revenue forecast that’s well below...
Polymarket Token Launch Could Be Imminent
Social media chatter indicates prediction market giant could soon launch native cryptocurency Company recently made patent filings for the “POLY” token Cryptocurrency and prediction markets traders alike may soon have something to cheer as it appears Polymarket is getting to closer to...
Prediction Markets Aren’t Taking Share from Legal Sports Betting, Says ARK
Cathie Wood’s investment firm says prediction markets aren’t taking sizable share from legal sportsbooks Rather, “regulatory arbitrage” is at play DraftKings deposits outpace Kalshi in states where both are legal Prediction markets notched massive turnover increases over the course of the 2025...
Michigan Governor Proposes New Sports Betting & Casino Tax Hikes to Fund Medicaid
Michigan governor wants to duplicate the per bet tax scheme employed by nearby Illinois The Illinois policy resulted in fewer bets being placed and operators passing costs onto bettors Whitmer also wants to scrap promo spending deductions and raise taxes on iGaming...
Red Rock Unveils Another Special Dividend, Updates Las Vegas Spending Plans
Company forecast 2026 spending of up to $425 million, including Durango, Green Valley Ranch, and Sunset Station expansions Those projects are on time and on budget Red Rock declared a special dividend of $1 per share Red Rock Resorts (NASDAQ: RRR) delivered...
PrizePicks Founder Adam Wexler Gifted Six-Figure Watch from Poker Legend Phil Hellmuth
The Tourbillon watch is a gift for PrizePicks selling a majority stake to Allwyn That deal values the company at up to $4.15 billion Hellmuth was an early PrizePicks investor Poker legend Phil Hellmuth sure knows how to show his appreciation. Just...
