5446 stories by Todd Shriber
Kalshi Beating Sportsbooks on NCAA Tournament Pricing
Kalshi has consistently beaten sportsbooks on March Madness pricing Other prediction market platforms are lagging Analyst maintains view that prediction markets posed limited threat to sportsbook profitability Kalshi is getting it right in terms of the pricing offered to clients on NCAA...
Intercontinental Exchange Invests Another $600 Million in Polymarket
Exchange operator will also buy up to $40 million in Polymarket securities from existing investors ICE’s investment is part of Polymarket’s latest funding round ICE previously invested $2 billion in the prediction market at an $8 billion pre-money valuation Intercontinental Exchange (NYSE:...
Texas to Examine Prediction Markets in 2027 Legislative Session
Gov. Dan Patrick wants Texas State Senate to examine prediction markets next year Election event contracts mentioned in his list of priorities Sports wagering isn’t legal in the state In some form, the Texas State Senate will take up the issue of...
Fertitta Family Buys WNBA’s Connecticut Sun ahead of potential Houston relocation
It marks the return of the Houston Comets The transaction is reportedly worth $300 million Fertitta and his family also own the Houston Rockets Tilman Fertitta and his family are set to acquire the WNBA’s Connecticut Sun and will relocate the franchise,...
Kalshi Gets Green Light to Offer Margin Trading to Institutional Clients
Prediction market operator lands approval to offer margin trading The service will initially be limited to institutional investors It could bring more professional traders into prediction markets Kalshi could soon launch margin trading for institutional clients after receiving approval from the National...
Red Rock Casino Construction Plans Could Be Pain Then Gain Scenario
Red Rock Resorts is enhancing or expanding several of its Las Vegas casinos Analyst says construction disruption is likely to be modest He projects significant upside for the stock Red Rock Resorts (NASDAQ: RRR) is expanding or refreshing three of its Las...
Cathie Wood’s ARK Invest Partnering with Kalshi on Financial Prediction Markets
The growth-oriented asset manager will use select Kalshi markets as part of its research process and portfolio strategy ARK is focusing on three use cases for research process and portfolio strategy The money manager and ETF issuer is a Kalshi investor Cathie...
Sharp Bettors Moving Cash to Prediction Markets, Sports Expected to Extend Volume Dominance
Experts say large, skilled bettors are embracing the convenience of prediction markets Sports seen extending volume, liquidity leads on prediction market platforms Sportsbook apps still provide the superior user experience The convenience offered by prediction markets is driving more highly skilled bettors...
Sportsbooks Slashing Post-Super Bowl Promo Spending
February promotional spending is down dramatically in at least six states Post-Super Bowl pruning is typical, but 2026 declines are large Just two operators increased promotional expenditures last month With football being the most wagered on sport in the US, it’s not...
Codere Online May Be Buyout Target Amid Parent Company Takeover Rumors
Spanish media reports suggest Codere Group is a takeover target That could stoke buyout interest in Codere Online Prospective buyers of Codere Group could look to simplify the corporate structure Amid speculation that Codere Gaming (CG) is positioning itself for a sale,...
