5446 stories by Todd Shriber
Flutter CEO Says Prediction Markets Aren’t Cannibalizing Sports Betting
In states where online sports betting is legal, bettors embrace that form of wagering over prediction markets Flutter CEO Jackson highlights Missouri launch as an example Says company has “real confidence” it’s not seeing cannibalization When given a choice between traditional online...
Betr Diving Into Prediction Markets Through Polymarket Partnership
Betr will launch a prediction markets platform leveraging Polymarket contracts The agreement will see Polymarket event contracts appear on the Betr mobile app The partnership is described as a “multi-year” deal Jake Paul’s Betr is the latest gaming company to move into...
Accel Entertainment Stock Soars as Investors Bet on Chicago VGT Spark
The company believes Chicago-area VGTs could be online before the end of 2026 Analysts view that as a catalyst for the stock One analyst says Chicago VGTs could have higher margins and faster payback periods than Accel’s existing Illinois business In late...
Betting on Bezels: Kalshi Opens Watch Futures Markets
Kalshi is partnering with luxury watch marketplace Bezel Event contracts will be tied to prices of fancy timepieces Brands include Patek Philippe and Rolex Kalshi knows what time it is. Via a partnership with Bezel, the largest US prediction operator is offering...
Prediction Markets Could Face Liability if Deemed Addictive, Says Law Firm
Prediction markets could contend with legal liability if courts view the industry as pushing an addictive product Getting there requires courts to make judgments on whether the industry is operating in the realm of finance or as gaming enterprises Plaintiffs face significant...
Kalshi Launches Market on Caesars Takeover Odds as Buyout Speculation Builds
Prediction market operator will hang a market on Caesars potentially being acquired Rumors to that effect emerged last week There’s talk of a management-led buyout and Tilman Fertitta being involved Thanks to Kalshi, the Caesars Entertainment (NASDAQ: CZR) takeover rumor got a...
DraftKings Forecasts 30% EBITDA Margins, Unveils Super App Plans
DraftKings forecasts long-term adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 30% Sees potential upside to that projection Company sees $55 billion to $80 billion industry “gross revenue opportunity” In advance of its investor day, which is taking place...
DraftKings Investor Day Could Spark the Stock, Says Analyst
DraftKings holds its investor day on Monday The stock is down 44.22% over the past year and 30.82% year-to-date Analyst says prediction markets commentary could be a catalyst for shares With the stock down nearly 31% since the start of the year,...
Bally’s Acquires Bronx Casino Land for $156.6 Million
Bally’s buys 16 acres on which a casino hotel will be built The land is part of acreage currently occupied by a golf course Company plans to spend $4 billion on Bronx casino project Bally’s reportedly now has control of 16 acres...
Churchill Downs Won’t Allow Prediction Markets Access to Kentucky Derby
Company says prediction markets need its consent to offer Derby event contracts Gaming firm hasn’t agreed to provide that authorization and doesn’t appear willing to When the Kentucky Derby takes place on Saturday, May 2, don’t expect to see event contracts tied...
