5532 stories by Todd Shriber
Why Prediction Markets Are Still Ruled by Everyday Traders
80%+ of Polymarket users traded under $10,000 in Q1. Only a fraction of a percent reached six-figure volumes. Category expansion is now the primary lever for user growth. While prediction markets aim to attract institutional and whale capital, retail market participants continue...
Report: SEC Stalling Launches of Prediction Markets ETFs
Proposed ETFs were slated to debut this week. The SEC wants clearer details on fund operations and risk disclosures. Firms await approval to bring over 20 prediction market funds to market. The U.S. Securities and Exchange Commission (SEC) has reportedly delayed the...
Texas Capital: Melco Resorts Has Levers to Pull to Drive Shareholder Value
Shares of Melco Resorts are down 27.54% year-to-date Analyst says company has multiple avenues for creating shareholder value Those include a possible acquisition by the Hong Kong-listed parent Melco Resorts & Entertainment (NASDAQ: MLCO) shares are down 27.54% this year, but the...
Churchill Downs Stock Slips on Mixed Kentucky Derby Handle Report
All-sources Derby Week handle set a new record But handle for the Derby Day slate declined So did handle for the Run for the Rose itself Shares of Churchill Downs (NASDAQ: CHDN) slipped on Monday after a mixed wagering report for the...
Bally’s Reaches $1.7B Chicago Casino Milestone, Eyes Spring 2027 Opening
Bally's reached the final phase of construction on its riverfront casino site. The $1.7 billion project is expected to create 3,000 jobs and boost local revenue. The site will include a 500-room hotel, a theater, a 2-acre park, and thousands of gaming...
Kalshi Restricts Ag Commodities Trading Hours Amid Industry Backlash
Event contracts on the platform typically trade 24/7 Kalshi agreed to move its agriculture commodities trading hours to match those of traditional exchanges The prediction market operator unveiled a dedicated commodities hub last month Kalshi, the largest US prediction market operator, agreed...
Analyst: Caesars Takeover Valuation Suggests MGM is Undervalued at $60
Caesars' rumored takeover price suggests MGM’s true fair value is closer to $60 a share—a nearly 50% premium over current market prices. The market is deeply discounting the gaming giant, offering a rare opportunity for investors. This conservative estimate completely leaves out...
Eilers & Krejcik: Kalshi Reaches Top 5 in U.S. Sports Betting
Kalshi reached an estimated $2 billion in March handle-equivalent volume, making it the fourth-largest U.S. operator by handle-per-adult. The prediction market platform is now operating at a larger scale than several major, established national sportsbooks, including BetMGM and Caesars. While its volume...
Penn Entertainment Board Structure Challenged by Unite Here Union
Unite Here is calling on Penn Entertainment to declassify its board elections. The union is requesting that all board seats become subject to annual elections rather than multi-year staggered terms. The proposal is expected to be a focal point at the company’s...
The Ultimate Portfolio Hedge? Why Wall Street Is Racing to Launch Election Prediction Funds
SEC filings indicate Roundhill and GraniteShares could roll out political prediction market ETFs in the coming days The Roundhill filing indicates an effective date of May 5 while GraniteShares filings show May 8 The funds will hold event contracts tied to Democrat...
