5218 stories by Todd Shriber
Sports Betting Proliferation Problematic for Sub-Prime Lenders, Says BofA
Prediction markets, sports betting boom could be trouble for some lenders Bank of America sees potential stress for sub-prime and student loan lenders Young men in low-income areas seen as particularly vulnerable The rapid expansion of sports betting in the US and...
California Indian Casino Leader Says CFTC Nominee Must Examine Prediction Markets
Michael Selig’s nomination to lead CFTC is close to moving to a full Senate vote Selig says he’ll let courts inform his decision-making on prediction markets California tribal casino leader calls prediction markets threats to tribal sovereignty Michael Selig’s nomination to lead...
Kalshi Hits $11 Billion Valuation, Closes in on DraftKings’ Market Cap Following $1 Billion Funding Round
The prediction market is reportedly worth $11 billion following an undisclosed capital raise of $1 billion Its valuation more than doubled in about six weeks Kalshi is worth just $3.44 billion less than DraftKings Prediction markets operator Kalshi reportedly raised $1 billion...
Fanatics Nears Prediction Markets Entry with Crypto.com
Fanatics acquired a company to gain National Futures Association (NFA) membership CEO Rubin says partnership with Crypto.com could debut in coming weeks Count Fanatics as the latest sportsbook operator entering the world of prediction markets. In an interview with CNBC’s Sara Eisen...
Polymarket IPO Chatter Heats up Following Kraken Filing
Report suggests prediction market, crypto exchange have similarities Rumors recently surfaced Polymarket could raise capital at a valuation of up to $15 billion On Wednesday, cryptocurrency exchange operator Kraken filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC),...
Casinos Driving Improving Indian Country Economies, Says Census Bureau
Poverty level tumbled following 1990s tribal casino expansion Tribal casinos increase employment, wages for people of all races, says study Congress passed the Indian Gaming Regulatory Act (IGRA) in 1988, paving the way for massive casino expansion on tribal lands in the...
Dana White Wants Netflix Special Where He Bets $30 Million at a Vegas Casino
White wants to do a Netflix show where he bets $1 million a hand on baccarat at a Las Vegas casino The UFC CEO’s gambling exploits are well-documented UFC CEO Dana White wants to leverage the league’s relationship with Netflix to get...
Wynn Macau, UAE Exposure Support Long-Term Stock Outlook
Wynn is one of this year’s best-performing casino stocks Geographic diversification is a big reason why It’s also the lone bright spot on the Las Vegas Strip Shares of Wynn Resorts (NASDAQ: WYNN) are up 39.61% year-to-date, easily making it one of...
Bally’s Colorado Casino Workers Cleared to Join Teamsters Union
Bally’s, Teamsters reach neutrality agreement Accord paves way for workers at Black Hawk, Colo. casinos to join union Those properties represent three of the operator’s four casinos in Colorado Bally’s and the International Brotherhood of Teamsters announced they reached a neutrality agreement,...
VICI Hit with Downgrade on Caesars Regional Casino Concerns
Caesars regional casino lease prompts downgrade of landlord Wells Fargo also voiced concern about softness in Las Vegas, regional markets Research firm mentioned dearth of “fee simple” deals Shares of VICI Properties (NYSE: VICI) slumped Tuesday after Wells Fargo downgraded the casino...
