5315 stories by Todd Shriber
Interactive Brokers Sees 2026 Elections Boosting Prediction Markets
Brokerage house runs the popular ForecastEx prediction market. Company sees another boom sparked by 2026 midterm elections. Interactive Brokers (NASDAQ: IBKR), the company behind the ForecastEx prediction market, believes 2026 midterm elections will drive increased event contract activity. In an interview with...
Prediction Markets Have Sports Pricing Problems
A new report suggests prediction markets aren’t offering bettors improved prospects relative to what they get at standard sportsbooks Bettors’ effective costs are higher on most prediction markets Point was widely discussed over the course of the 2025 NFL season With sports...
Playtika to Cut Staff by 15%, Incur Charges up to $15 Million
Mobile gaming company says it will slash staff by 15% Expects to reinvest cost savings in growth initiatives Shares of Playtika (NASDAQ: PLTK) traded lower early Wednesday after the mobile gaming company said it will reduce its workforce by 15%, incurring costs...
Two Former Congressmen Join Prediction Markets Lobbying Group
Democrat Patrick Maloney joining as president and CEO Republican Patrick McHenry on board as a senior advisor The Coalition for Prediction Markets (CPM), the newly formed lobbying group for that budding industry, said Tuesday that two former congressmen are joining the coalition....
AGA, IGA Press Congress on Prediction Markets Sports Bets
Gaming trade groups say sports event contracts are “indistinguishable” from legal sports betting They say the prediction markets industry is exploiting inaction by the CFTC The American Gaming Association (AGA) and the Indian Gaming Association (IGA) are urging Congress to take action...
MGM Stock Downgraded on Lingering Las Vegas Casino Issues
Stock downgraded as analyst sees weak leisure demand trumping strong group calendar Analyst expects Strip EBITDAR to decline this year Says MGM needs to improve customer value proposition Shares of MGM Resorts International (NYSE: MGM) faltered Tuesday after a sell-side analyst downgraded...
Churchill Downs Unveils $180M-$200M Refresh of New Hampshire Casino
The venue will be renamed Rockingham Grand Casino. It currently operates as Casino Salem in Salem, NH. Company could spend up to $200 million on the project. Churchill Downs said today it will spend up to $200 million revamping the gaming venue...
VICI Premium Over Gaming and Leisure Seen Narrowing
VICI usually commands a premium multiple to its rival That gap could narrow Analyst forecasts some resolution between Caesars and VICI Likely due in part to its Las Vegas-heavy portfolio, VICI Properties (NYSE: VICI) commands premium multiples relative to rival Gaming and...
Banijay Sells 54% Interest in Germany’s bet-at-home
The company said its Betclic unit divested all of its 53.9% stake in bet-at-home The buyer wasn’t disclosed A pair of executives are leaving the company French entertainment conglomerate Banijay Group announced earlier this month that its Betclic unit sold the entirety...
Caesars, DraftKings Seen as Winners as Maine Approves iGaming
The state surprisingly becomes the eighth to allow internet casinos. Caesars and DraftKings are seen as potential beneficiaries because they’re the two sports betting license holders there. iGaming in Maine will be run through tribes, but they can partner with commercial operators....
