5590 stories by Todd Shriber
Prediction Market ETFs Shouldn’t Be Approved, Says Expert
Several issuers want to bring ETFs based on political event contracts to market The SEC recently delayed those efforts At least one financial expert says regulators should reject these ETFs Several issuers of exchange traded funds (ETFs) are attempting to bring products...
Kalshi Investor Andreessen Horowitz Identifies Surge in Non-Sports Prediction Volume
The crypto arm of Andreessen Horowitz (a16z) notes that while sports betting volume on Kalshi is hitting record highs in absolute dollars, its share of total platform turnover is actually shrinking Long-tail non-sports categories—including entertainment, politics, and cryptocurrency—are retaining users better and...
Bally’s $302 Million Evoke Takeover Bid May Be Assisted by TPG
Private equity firm TPG rumored to be working on financing to ease Evoke’s debt burden That could ease Bally’s takeover efforts for the William Hill owner Private equity company TPG is reportedly in talks with Bally’s Intralot that could potentially smooth the...
MGM Next Domino to Fall? Casino Stock Soars on Diller Takeover Bid
MGM stock soars as Barry Diller offers $18 billion for the casino operator Diller’s People Inc. is the largest MGM shareholder Offer emerges just days after Tilman Fertitta launched a bid for Caesars Entertainment Shares of MGM Resorts International (NYSE: MGM) surged...
Stifel: Red Rock Selloff ‘Overdone’, Las Vegas Locals Market Still Healthy
Red Rock stock is saddled with a modest year-to-date loss It surged over the past week, indicating investors may be revisiting the name Analyst says investors should focus on 2027 Even with the benefit of an 11.26% rally over the past week,...
CBRE: Fertitta’s $17.6B Caesars Deal Unlikely to Face Competing Bids Despite ‘Go-Shop’ Window
Caesars has kicked off a 45-day "go-shop" period to hunt for better offers Wall Street analysts believe the window will yield zero competing bids The massive scale and exact operational overlap with Fertitta’s portfolio make a hostile or competing takeover highly unappealing...
Sands CEO Dumont Says Casino Company Not Interested in iGaming
Las Vegas Sands won’t pursue online gaming Company previously had minor investments in the space, but scrapped a related unit last year Dumont wants Sands to focus on land-based integrated resorts Las Vegas Sands (NYSE: LVS) won’t be changing its view on...
Prediction Market ‘Combos’ Bigger Losers for Bettors Than Sportsbook Parlays
Prediction market combos lead to larger losses for retail bettors than the parlays offered by traditional sportsbooks Citizens Research estimates retail market participants lose 45% more wallet with combos compared to sports betting parlays Bettors using both prediction markets and sportsbook generating...
AGA: Prediction Markets Pilfering $1B+ in Tax Revenue from States, Tribes
Gaming lobby says states and tribes have missed out on more than $1 billion in tax revenue from prediction markets Prediction markets are federally regulated by the Commodity Futures Trading Commission (CTFC) States are grappling with how to appropriately tax yes/no exchanges...
Analysts Say ‘Low’ Caesars Buyout Will Lift MGM, Ignite Casino Dealmaking
While Tilman Fertitta’s $31-a-share cash offer represents a significant premium over earlier trading, analysts argue it still undervalues Caesars’ long-term footprint Low or not, the $17.6 billion enterprise deal establishes a firm valuation floor for domestic casino operators, resetting expectations for the...
