5590 stories by Todd Shriber
Prediction Market Volume Is Surging—And Leaving Sports Betting in the Dust
Kalshi, Polymarket combined April volume reached $24 billion, according to American think-tank Pew Research Center Average month in 2025 for US sportsbooks was $14 billion in handle terms Sports drove 80% of turnover on Kalshi last month Prediction market volume is soaring,...
The Next Contender: Rush Street Interactive Signals Entry Into Prediction Markets
Rush Street Interactive recently filed for a designated contract market (DCMs) license That could pave the way for the gaming company to enter the prediction market industry The stock has long been viewed as protection against prediction markets expansion Rush Street Interactive...
Truist Upgrades MGM to ‘Buy’ on Predicted Las Vegas Strip Recovery
Analysts flag an imminent growth turnaround for MGM's core market Favorable hotel booking trends provide a strong tailwind for the current quarter MGM stock trades at a compelling discount, signaling a prime entry point Shares of MGM Resorts International (NYSE: MGM) surged...
Trump Backs Federal Control of Prediction Markets, Slams State Democrats as ‘Scum’
The president has previously expressed ambivalence toward prediction markets His son, Donald Trump Jr is an advisor to Kalshi and Polymarket He bashed Democrat politicians as standing in the way of the prediction markets industry In a new Truth Social post, President...
Hedge Funds Reap $2.3B Profit Betting Against Flutter and Sportsbook Rivals
Short sellers have accumulated over $2.3 billion in paper profits betting against three dominant online gambling operators Flutter bore the brunt of the attack with $2 billion in short profits, followed by $351 million from DraftKings and $35 million from Entain The...
Prediction Market ‘Rain’ Injects $100 Million Ahead of World Cup V2 Launch
Rain, a decentralized prediction market protocol, has announced a massive expansion ahead of the upcoming FIFA World Cup The platform is backing its upcoming V2 launch with a $100 million liquidity commitment to ensure deep market depth for World Cup traders The...
Forget the Auction House. Kalshi Now Offering Art Prediction Markets.
Event contracts will be tied to selling prices of and realized values of fine art Contracts resolve “against publicly reported results” Adds to Kalshi’s roster of derivatives tied to real world assets For all those art aficionados that can’t afford a Christie’s...
Stifel: Churchill Downs Has Ample M&A Optionality
A top research firm clarifies it has no insider knowledge of Churchill Downs engaging in any formal M&A or consolidation discussions However, analysts point out "compelling" reasons for the operator to shed its slower-growth gaming segment to unlock shareholder value If a...
Tema’s ‘TOLL’ ETF Discloses Kalshi as Its Largest Holding
Kalshi is still privately held The Tema Durable Quality ETF provides access to the prediction market operator It’s believed to be the first ETF featuring exposure to Kalshi Although Kalshi is a privately held company, investors can now gain public stock-market exposure...
Century Casinos Could Be Motivated to Divest Poland Operations
Divesting the company’s two-thirds stake in Casinos Poland remains a central element of Century’s ongoing strategic review Citizens Research analyst Jordan Bender notes that with all Polish operating licenses fully secured through 2028, the company has an ideal window to maximize valuation...
