5313 stories by Todd Shriber
AI Prone to Problem Betting Patterns, Even Addictive Behavior, Says Study
In betting environments, AI takes on human-like behavior and the results are bad. Study indicates large language models (LLMs) are vulnerable to addictive behavior. The models also engage in the gambler’s fallacy. Bettors thinking about using unsupervised artificial intelligence (AI) models in...
Macau Casino Stocks Still Discounted, Could Rally Anew in 2026
2026 Macau GGR estimates could prove conservative. Macau casino stocks could be ways to play China recovery, says analyst. Group trades at compelling discounts. Coming off a strong 2025 in which concessionaires won $30.9 billion, the highest level since before the coronavirus...
DraftKings Among J.P. Morgan’s Top Ideas for 2026
The sports betting stock had a rough 2025. DraftKings is the only gaming name on the bank’s list of nearly 60 equity ideas for 2026. DraftKings (NASDAQ: DKNG) stock endured a forgettable 2025, slumping 6.53% while the S&P 500 gained nearly 17%,...
Sports Betting Alliance Sues Chicago Over Permitting Fees, Taxes
The trade group says a licensing requirement in the city’s new budget could chase operators out of the Windy City. The budget goes into effect on Thursday, Jan. 1. SBA’s suit also emphasizes the budget’s 10.25% on sports bets placed within Chicago...
Circle, Coinbase Tipped as Prediction Market Winners as Volume Heads to $1.2 Trillion
Clear Street sees prediction market expansion benefiting Circle and Coinbase Research firm estimates total addressable market could reach $14 billion by 2030, with annual volume swelling to $1.2 trillion Circle’s stablecoin exposure seen as pivotal in prediction market expansion Circle Internet Group...
Coinbase Sees ‘Transformative Period’ Emerging for Prediction Markets
Coinbase sees prediction markets reaching “greater scale and liquidity.” Says fragmentation could spur evolution of prediction market aggregators. Cryptocurrency brokerage giant recently unveiled its prediction market plans. Coinbase Global (NASDAQ: COIN), the cryptocurrency brokerage firm that recently announced its prediction markets push,...
Kraken Could Be Next Crypto Broker to Enter Prediction Markets
The cyrptocurrency brokerage house is planning a 2026 prediction markets push. It obtained the related licensing via an October acquisition. Kraken would join several rivals in prediction markets space. Industry observers positioning 2026 prediction markets bingo cards ought to ensure they’ve got...
Caesars, Penn Still Contending with Elevated Debt Levels, Says Analyst
Casino operators’ debt/EBITDA levels elevated relative to peers. Analyst says coverage ratios are somewhat low. He adds high debt can hinder asset-level investment. Shares of Caesars Entertainment (NASDAQ: CZR) and Penn Entertainment (NASDAQ: PENN) flailed this year with the casino operators’ sizable...
Crypto.com Hiring Sports Trader, Could Take Other Side of Customer Bets
The quant trader would be part of the prediction market operator’s market making team, stirring speculation the trader will trade against customers. Trader will be tasked with “maximizing profits” while mitigating risks. com recently implemented a three-second delay on sports trades placed...
Etheruem Founder Buterin Says Prediction Markets ‘Healthier’ for Participants than Standard Markets
Ethereum co-founder says prediction markets have risks comparable to equity markets. Says prediction markets are “healthier” to take part in than traditional markets. Adds prediction markets should be compared to social media. Ethereum co-founder Vitalik Buterin believes prediction markets expose traders to...
