5402 stories by Todd Shriber
Kalshi Scores Legal Win in Tennessee, Judge Rules Sports Event Contracts Are Swaps
Kalshi scores win in federal suit against Tennessee regulators Judge rules sports event contracts are swaps under Commodities Exchange Act Ruling arrives a month after judge issued a temporary restraining order against the state Following a lengthy losing streak in court, Kalshi...
Illinois Advances Bill to Prevent Chicago Sports Betting Tax Hike
House committee moves bill to block Chicago sports betting tax increase If passed, it’d confirm that gaming tax power rests with state lawmakers Illinois raised sports betting taxes in 2024 and 2025 Illinois lawmakers may have finally met a tax increase they...
Boyd Gaming Back with Another Dividend Hike
Boyd Gaming is raising its quarterly dividend by more than 10% Marks fourth consecutive dividend hike Las Vegas locals segment underpins fundamental outlook Boyd Gaming (NYSE: BYD) said today it is boosting its quarterly dividend to 20 cents a share from 18,...
Michigan Most Likely State to Raise iGaming, Sports Betting Taxes in 2026
Trio of states proposed raising gaming taxes this year Michigan viewed as most likely to do so, according to a research firm Whitmer is seeking Illinois-style sports betting tax scheme as well as increased iGaming levies To this point in the 2026...
Caesars Says ‘No’ to Prediction Markets…For Now
CEO Reeg says prediction markets are gambling Says company won’t participate in the industry in the current regulatory environment He’s open to it down the road if more regulatory clarity emerges Count Caesars Entertainment (NASDAQ: CZR) as a “no” and a hard...
Kalshi, Tradeweb Team Up to Expand Institutional Access to Prediction Markets
Tradeweb is also taking a stake in Kalshi The two companies will explore “an institutional-focused portal for event contracts” Partnership could bolster Kalshi’s footprint among institutional traders Tradeweb Markets (NASDAQ: TW), which runs electronic markets for a variety of financial instruments, and...
Nevada Sues Kalshi, Says It’s Engaging in ‘Unlawful Behavior’
A 9th Circuit Court ruling paves the way for Nevada to block Kalshi from doing business there The Gaming Control Board filed a civil enforcement action against the prediction market firm Board says Kalshi is expanding its business amid legal challenges Following...
Political Prediction Market ETFs Gain Momentum With New Filings
Bitwise, GraniteShares throw hats into prediction markets ETF ring Funds appear similar to previously pitched products SEC hasn’t approved these ETFs The prediction markets industry is fiercely competitive and the same is true of the race to launch exchange funds (ETFs) tied...
Circa Las Vegas to Host “Bitcoin Takeover” in April
Circa is sponsoring a three-day Bitcoin takeover event at the downtown Las Vegas casino The event coincides with a major cryptocurrency conference taking place at a Strip integrated resort Circa has a longstanding embrace of the king of digital currencies Circa Resort...
Einhorn Reduces Penn Entertainment Holdings as Shares Slip
DME Capital sold nearly 700,000 shares of Penn Entertainment in Q4 The hedge fund was also likely a seller of the regional casino stock in the prior The money manager still owns more than six million shares of the gaming stock David...
