5590 stories by Todd Shriber
Analyst: DraftKings Can Be Long-Term Prediction Markets Winner
DraftKings is ramping up its prediction market offering It’s already unlocking cost benefits Analyst says “many” existing DraftKings customers could flock to company’s event contracts platform DraftKings (NASDAQ: DKNG) is a relatively new player on the prediction market stage having launched DraftKings...
Macquarie: Regional Casino Stocks Showing Better Post-Earnings Reaction
Regional operators locked in stronger post-Q1 earnings gains than their larger, tourism-heavy peers Analysts note that regional casino stocks are steadily tracking pure market fundamentals rather than speculative hype Looking ahead, regional names are projected to consistently outpace Las Vegas Strip-heavy rivals...
American Century Weighs the Pros and Cons of Trading Corporate Risks on Prediction Markets
The asset manager views event contracts as a groundbreaking new framework for quantifying macroeconomic risk By tapping into collective market intelligence, these platforms offer the potential for highly accurate, real-time predictions However, fund managers warn that the sector remains shadowed by the...
Minnesota Becomes First State to Ban Prediction Markets, Prompting Immediate Federal Lawsuit
Minnesota has officially become the first state in the nation to pass an outright ban on prediction markets, transforming legal operators into felons overnight The CFTC swiftly launched a federal lawsuit against the state to block the law, declaring an unprecedented clash...
Houston Politician Proposes Turning the Astrodome Into the ‘World’s Biggest Casino’
A former Houston mayor running for Harris County judge wants billionaire Tilman Fertitta to transform the iconic, decaying Astrodome into a massive casino The candidate is calling on voters to "get rid of" Texas Lt. Gov. Dan Patrick—the primary roadblock to legalizing...
How AI Can Secretly Drive Massive Profits for the Casino Industry
Casinos have been slow to join the AI revolution, trailing behind other major sectors Embracing algorithms over old tech is expected to unlock a major avalanche of future earnings Operators are actively testing AI for hyper-personalized player rewards and dynamic hotel pricing...
Bringing Home the Bacon: Pork Producers Demand Voice in Prediction Market Rules
National Pork Producers Council pushes CFTC to consider prediction markets’ impact on agriculture commodities trading Council warns some event contracts have been subject to abuse Group says prediction markets can create “noise” affecting traditional commodities markets The National Pork Producers Council (NPPC)...
Polymarket Teams Up with Nasdaq to Launch Private Company Prediction Markets
The prediction market operator is broadening access to large privately held companies News arrives as investors prepare for some of the largest IPOs in history Polymarket is partnering with Nasdaq Private Market Polymarket is partnering with Nasdaq Private Market (NPM) to offer...
Macquarie: The Stock Divide Between Online Casinos and Sportsbooks is Widening
Q1 results highlight a widening performance gap between iGaming and sportsbook operators Market momentum strongly favors online casino stocks over sports betting peers Current stock volatility is being fueled by trader sentiment rather than fundamental changes With gaming industry first-quarter earnings season...
Jefferies: Monarch Casino Sees Attractive M&A Environment
Analyst claims M&A could be “most likely avenue” for growth for operator after discussions with management Monarch management sees deep pool of potential opportunities The operator is frequently attached to takeover rumors, but hasn’t made a deal Monarch Casino & Resort (NASDAQ:...
