5359 stories by Todd Shriber
Flutter Facing Rough Q4 on Prediction Market Cannibalization
Flutter’s fourth-quarter results could disappoint, says analyst December results were “uncharacteristically bad" Prediction markets appear to be taking some share from online sportsbooks Investors shouldn’t expect much from Flutter Entertainment (NYSE: FLUT) when it steps into the earnings confessional next month. While...
Sphere Stock Rallies as Analyst Sees Variety of Catalysts Driving Upside
Analyst lifts rating on Sphere Entertainment to “buy” from “neutral” Says there are multiple catalysts to contributing to bullish outlook Forecasts improved profitability in 2026 and 2027 Shares of Sphere Entertainment (NYSE: SPHR) surged Thursday after a research firm upgraded the stock...
Wynn Facing Fed Probe Tied to VP’s Alleged Liquor Scheme
Whistleblower informed Department of Justice (DOJ) regarding possible improprieties involving alcohol companies and a Wynn nightlife executive The assistant US attorney looking into the matter handled the DOJ’s case against Wynn resulting in a $130 million forfeiture in 2024 As of yet,...
Super Group Affirms 2025 Guidance, Announces Special Dividend
Betway parent forecasts 2025 revenue of $2.17 billion to $2.27 billion Guidance reflects strength in iGaming operations Company also unveils special dividend Shares of Betway owner Super Group (NYSE: SGHC) traded slightly higher Wednesday after the gaming company said it will at...
Massachusetts Court Grants Injunction Blocking Kalshi’s Sports Prediction Markets
Judge approves attorney general’s request for a preliminary injunction against Kalshi. Injunction goes into effect on Jan. 23. Kalshi expected to appeal, but unless it wins on appeal, it’s barred from offering sports event contracts in Massachusetts. Kalshi is on the brink...
High Roller Gives and Takes as Investors Search for Prediction Market Stocks
The previously high-flying stock tumbled Tuesday on news of a $25 million share sale The volatile stock has been soaring this year as retail traders search for equities with prediction market ties Shares of High Roller Technologies (NYSE: ROLR) are off nearly...
Wynn Coverup: Nightlife Exec Allegedly Took Liquor Company Kickbacks
***Update: Wynn provided Casino.org with a statement. It is in bold in the article's second subhead.*** Whistleblower says a Wynn Resorts nightlife executive took millions of dollars in kickbacks from liquor companies and distributors The source says the executive’s behavior was known to...
Kalshi Running ‘Shadow’ Sportsbook, Claim Class Action Plaintiffs
Some of the plaintiffs have problem wagering habits They believe the prediction market operator attempts to extract profits from gambling addicts The plaintiffs call Kalshi a “shadow” sportsbook that’s defying state gaming laws A group of Kalshi clients, some of whom admit...
DraftKings, Flutter Poised for Q4 Earnings Beat on Improving Hold
NFL hold rates bounced back in November and December Analyst says that’s not reflected in consensus forecasts Prediction markets aren’t product competitive with sportsbooks Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the two largest US sportsbook operators, could top fourth-quarter earnings...
Robinhood Adds Bespoke NFL Parlays to Prediction Markets Menu
The brokerage house will allow prediction market clients to build their own NFL parlays Like other prediction market operators, Robinhood calls these “combos” Company previewed the offering at its December YES/NO event Robinhood Markets (NASDAQ: HOOD) announced Friday that it's allowing prediction...
