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Todd Shriber
5694 stories by Todd Shriber
Prediction Markets Coalition Accuses AGA, States of ‘Collusive’ Behavior
The Coalition for Prediction Markets (CPM) claims there is “troubling evidence” that state gaming regulators are working hand-in-hand with the casino lobby to systematically shut down event contract platforms. The Coalition for Prediction Markets is...
Brightstar Lottery Stock Hits the Jackpot With Deutsche Bank ‘Buy’ Rating
Brightstar Lottery (NYSE: BRSL) stock hit its own jackpot Wednesday (July 1), climbing sharply on the heels of Deutsche Bank analyst Steven Pizzella initiating coverage with a shiny $15 price target. The Brightstar Lottery logo....
MGM China Buys Parent’s Mainland Hospitality Arm for $20M
MGM China paid $20 million to acquire MGM Asia-Pacific Ltd from its parent company, paving the way for the Macau casino operator to expand its mainland hospitality footprint. MGM China is acquiring a hotel management...
SEC Weighs Overhaul of ETF Rules as Prediction Market Funds Loom
The Securities and Exchange Commission (SEC) is seeking public feedback on "novel" exchange-traded funds (ETFs), a regulatory move triggered by a recent surge in filings for ETFs tied to political prediction markets. The Securities and...
Meta Explored Kalshi Acquisition Before Pivoting to In-House ‘Arena’ App
Meta CEO Mark Zuckerberg personally met with Kalshi CEO Tarek Mansour in 2025 to discuss a potential takeover of the prediction market platform The informal talks broke down over valuation disputes and internal Meta concerns...
60% of Polymarket Traders Are Crypto Newbies
A Bitget Wallet study reveals 60% of active Polymarket users had no prior onchain trading history As a decentralized and crypto-native prediction market, the platform allows users to wager on real-world outcomes without deep blockchain...
HG Vora, Thorn in Penn Entertainment’s Side, Secures Nevada Gaming License
HG Vora founder Parag Vora has secured a Nevada gaming license following a regulatory review The activist hedge fund had been locked in a lengthy proxy battle and legal dispute with Penn Entertainment The standoff...
Las Vegas Sands Stock Punished Too Harshly, Has Major Tailwinds
Las Vegas Sands stock is down 28.6% year-to-date That implies it’s being treated more like a US-centric operator It also implies markets may be overlooking the company’s grip on the Singapore casino market Shares of...
Bernstein: Kalshi, Polymarket May Become Takeover Candidates
Research firm says increased vertical integration in the prediction market industry could spark consolidation Kalshi, Polymarket lag in distribution, potentially making them acquisition targets Bernstein also sees possibility of large-scale sportsbook M&A With vertical integration...
Moody’s Lowers Wynn Credit Outlook to Stable From Positive on High Leverage
Moody’s reduced its outlook on three Wynn Resorts entities to “stable” from “positive” The revision specifically targets the company's primary Las Vegas and Macau operating segments, alongside Wynn Resorts Finance The ratings agency pointed to...
