Caesars Entertainment (CZR) Stock: Goldman Doubles Stake as Kalshi Takeover Odds Hit 68%
TLDR Gamco Investors raised its stake in Caesars (CZR) by 72.8% to 999,162 shares worth ~$27M in Q3 Caesars missed Q4 EPS badly, reporting -$1.23 vs. the -$0.18 estimate, but revenue of $2.92B edged past forecasts Kalshi prediction market traders…
TLDR Benchmark reiterated a Buy rating on DKNG with a $29 price…
TLDR Oil prices surged past $100 a barrel, hitting highs not seen…
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Mike Raffensperger, who led FanDuel’s sports division for eight years, is leaving the company before month’s end after overseeing major growth.
Prediction Markets
TLDR Benchmark reiterated a Buy rating on DKNG with a $29 price…
TLDR Oil prices surged past $100 a barrel, hitting highs not seen…
Prediction Market Funding Talks: What We Know About Polymarket and Kalshi’s $20B Plans
TLDR Polymarket and Kalshi are each in early talks to raise new…
TLDR Kalshi and Polymarket are both in talks with investors about raising…
TLDR Polymarket has acquired Dome, a Y Combinator-backed startup building a unified…
TLDR The Trump administration’s CFTC is backing prediction markets Kalshi and Polymarket…
Novig Raises $75 Million to Take On Kalshi and Polymarket in Sports Prediction Markets
TLDR Novig raised $75M in a Series B round led by Pantera…
DraftKings (DKNG) Stock: Director Buys $2 Million in Shares as Wall Street Cuts Targets
TLDR Director Harry Sloan bought 100,000 DraftKings shares for ~$2.19 million at…
Regulation
View MoreKalshi Wins Tennessee Court Ruling as Prediction Market Legal Battle Spreads Across States
TLDR A federal judge in Tennessee granted Kalshi a preliminary injunction, blocking state officials from enforcing local sports betting laws against it. Judge Trauger…
Industry
DraftKings Launches Super App to Combine Sports Betting & Prediction Markets Nationwide
TLDR DraftKings announced a “Super App” that combines sports betting, prediction markets, casino, and lottery gaming in one mobile platform The app will launch…
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TLDR MarketBeat flagged seven casino stocks with the highest dollar trading volume, including DraftKings, MGM, and PENN Entertainment DraftKings analysts see roughly 30% upside potential tied to its prediction markets launch MGM posted record revenue of…