5402 stories by Todd Shriber
Better Markets Says Prediction Markets Are Gambling by a Different Name
Organization is a frequent critic of prediction markets Says the industry is offering by gambling by another name Better Markets believes the CFTC doesn’t have the competencies or technology to regulate gaming across the country Better Markets, a nonpartisan public policy group,...
Kalshi, Polymarket Targeting $20 Billion Valuations
The two prediction market giants are both rumored to be attempting to raise capital at $20 billion valuations For Polymarket, that’d be double the high end of its last valuation For Kalshi, $20 billion is slightly less than double the $11 billion...
Vasquez Wants to Use Farm Bill to Bar Sports Event Contracts
New Mexico congressman wants to amend Farm Bill to prohibit prediction market operators from offering sports event contracts He says prediction markets are evading state and tribal laws The amendment is supported by tribal gaming entities Rep. Gabe Vasquez (D-NM) wants to...
Underdog Hinders 2025 Performance of BlackRock Closed-End Fund
Asset manager says a stake in the sports wagering company detracted from a closed-end fund’s 2025 performance Staffers recently reported significant layoffs at the gaming company The operator is shifting its emphasis to prediction markets BlackRock (NYSE: BLK), the world’s largest asset...
Dumont Could Earn Nearly $27M Yearly Under Terms of New Sands Contract
He was recently appointed chairman and CEO of Las Vegas Sands His base salary is $2.5 million per year That figure could swell to as much as $26.87 million through cash and equity incentives Las Vegas Sands (NYSE: LVS) Chairman and CEO...
Senators Push Ban On Government Officials from Trading Prediction Markets
If signed into law, the bill introduced by the senators would ban members of Congress, the president, and vice president from trading on prediction markets The legislation was proposed following prediction markets controversies involving US actions in Venezuela and Iran Another senator...
Flutter CEO Says Prediction Markets Aren’t Cannibalizing Sports Betting
In states where online sports betting is legal, bettors embrace that form of wagering over prediction markets Flutter CEO Jackson highlights Missouri launch as an example Says company has “real confidence” it’s not seeing cannibalization When given a choice between traditional online...
Betr Diving Into Prediction Markets Through Polymarket Partnership
Betr will launch a prediction markets platform leveraging Polymarket contracts The agreement will see Polymarket event contracts appear on the Betr mobile app The partnership is described as a “multi-year” deal Jake Paul’s Betr is the latest gaming company to move into...
Accel Entertainment Stock Soars as Investors Bet on Chicago VGT Spark
The company believes Chicago-area VGTs could be online before the end of 2026 Analysts view that as a catalyst for the stock One analyst says Chicago VGTs could have higher margins and faster payback periods than Accel’s existing Illinois business In late...
Betting on Bezels: Kalshi Opens Watch Futures Markets
Kalshi is partnering with luxury watch marketplace Bezel Event contracts will be tied to prices of fancy timepieces Brands include Patek Philippe and Rolex Kalshi knows what time it is. Via a partnership with Bezel, the largest US prediction operator is offering...
