Galaxy Introduces Institutional OTC Prediction Market Trading
"The offering covers instruments referencing non-sports event contracts traded on Kalshi and Polymarket — spanning economic, political, geopolitical, and other event-driven markets" Galaxy Launches Institutional OTC Prediction Markets Trading https://t.co/hyyjrK84Hx
Brick‑and‑mortar Thrives as Diller Bids $18B for MGM
Brick n' mortar isn't dead... Barry Diller launches $18bn takeover offer for MGM Resorts https://t.co/3hKuJg3f3M
Fertitta to Acquire Caesars in $17.6B Cash Deal
Deja-vu.. "... all-cash transaction valued at approximately $17.6 billion, including the assumption of approximately $11.9 billion of Caesars’ outstanding debt." Caesars Entertainment Enters Into Agreement to Be Acquired by Fertitta Entertainment https://t.co/3MREIGHzfq
Shell Companies Legal Yet Strategic, Polymarket Hides Panama HQ
"Corporate law experts say while there is nothing illegal about housing a business inside a shell company, the practice is often a strategic move..." NPR went looking for Polymarket's Panama headquarters. It's elusive https://t.co/nHVzQkkbDk
Profit Surge Fuels Push for Sports Predictions Leadership
“Our core business is strong, and profitability is inflecting. That gives us the firepower to press our advantage in Predictions. With our Super App, market making capabilities, proprietary exchange, and combos coming together, we intend to establish a leadership position...
Credit Card Sports Betting Banned in Nine States, Growing
"Using a credit card to place sports bets is not allowed in at least nine states, and another is looking to join the list." Credit cards to be BANNED under ‘betting’ rule spreading across the US https://t.co/eEZ35bptsr
Flutter Reports FanDuel Customer Decline, Sportsbook Down 6%
For those keeping score.. "FanDuel exited 2025 with a smaller customer base than anticipated which continued to impact growth during the quarter, with sportsbook AMPs 6% lower year-over-year" Slaughtered the sheep... Flutter Q1 2026 Financial Results https://t.co/QRFO0NlXcW
CFTC Targets Minnesota in Prediction Markets Crackdown
"Selig, who has so far filed lawsuits against five states that tried to crack down..." CFTC eyes Minnesota as next front for prediction markets fight https://t.co/FJy7zAGifo
Leagues Push Federal Ban on Sports Prediction Markets
“ln general, leagues should have control over the types of markets offered on their competitions and businesses..." Leagues' flex: 'Play nice or lose low-latency data' is my guess. NBA, MLB, player unions ask feds for restrictions on prediction markets https://t.co/vaDLDj77kf
Bots Beat Human Traders in Prediction Markets
Finance Professor Josh Della Vedova talks new report bots are outperforming traders in prediction markets https://t.co/fwHPf4KYWV
Sportradar Q1 2026 Beats Forecast, Launches $250M Buyback
SRAD 1Q26 this morning... reiterates 2026 outlook... earnings call at 8 am... ☕️ Sportradar Reports First Quarter 2026 Financial Results and Announces $250 Million Enhanced Open Market Share Repurchase Program https://t.co/qVVNYHEhBo
FanDuel Vows Marketing Boost as It Lags Prediction Markets
"FanDuel executives promise more is on the way, including a big marketing push tied to World Cup soccer in June and the coming NFL season." FanDuel Is Playing Catch-Up on Prediction Markets https://t.co/UywIDexI7O
Sports Betting Slump Driven by Multiple Economic Factors
For those keeping score of sports betting numbers... lot of headlines these days about 'cannibilization' due to prediction markets. And while it is certainly a factor contributing to y/y decrease in recent months, I wouldn't be quick to dismiss other...
Brazil Bans Election and Sports Prediction Markets, Targeting Kalshi, Polymarket
"... published a resolution banning prediction markets tied to elections, sports and other events" Will be recurring theme for Kalshi and Polymarket as they run into gambling jurisdictions abroad.. Brazil Blocks Polymarket, Kalshi Over ‘Illegal Betting’ https://t.co/lFX6dVWJLf
CFTC's Inaction Fueled Offshore Sports Betting Boom
So all those decades the CFTC simply chose not to regulate sports betting... is a real shame... all those folks who got pinched over the years... the offshore industry wouldn't have come to exist perhaps... perhaps I wouldn't be here...