Author: Trader Edge

TLDR Barrow Hanley Mewhinney & Strauss increased its LVS position by 43.8%, adding 1.66 million shares worth ~$293 million Schroder Investment Management Group grew its stake by 4,504%, now holding over 1 million shares LVS beat Q4 earnings estimates — $0.85 EPS vs $0.77 expected — and revenue jumped 26% year-over-year to $3.65 billion CEO Robert Goldstein sold ~1.2 million shares in December at $66.68, totaling nearly $80 million LVS raised its quarterly dividend from $0.25 to $0.30, with most analysts rating the stock a “Moderate Buy” with a $68.55 average target Las Vegas Sands (LVS) stock opened at $54.25…

TLDR Wynn Resorts has restarted construction on its Wynn Al Marjan Island resort in Ras Al Khaimah, UAE, after a short pause The pause came as the ongoing U.S.-Israeli conflict with Iran has disrupted business across the Middle East Wynn holds a 40% equity stake in the project, which is being built by affiliate Island 3 AMI FZ-LLC The conflict has closed UAE airspace and disrupted operations at Dubai and Abu Dhabi airports, affecting regional business Wynn expects the resort to open in Q1 2027; staff are permitted to work remotely if advised by their home embassies Wynn Resorts (WYNN)…

TLDR An Ohio federal judge ruled that Kalshi’s sports prediction markets count as gambling and must follow Ohio state law. The judge rejected Kalshi’s argument that its contracts are “swaps” covered by federal commodity law. Ohio Attorney General Dave Yost called it a “big win for Ohio” on social media. Kalshi says it will appeal the ruling, pointing to a conflicting decision from a Tennessee federal court. Courts in Massachusetts and Nevada have also sided with state regulators against Kalshi in recent months. Kalshi, a New York-based prediction market platform, lost a key legal battle in Ohio this week. A…

TLDR Polymarket has partnered with Palantir Technologies and TWG AI to build an AI-powered sports market integrity platform The system is built on the Vergence AI engine, developed through a joint venture between the three companies in 2024 It will monitor trades end-to-end, covering order flow, execution data, and settlement activity Tools include real-time anomaly detection, participant screening, and automated compliance reporting The move comes after state regulators criticized prediction markets for lacking integrity controls Polymarket announced Tuesday it has teamed up with Palantir Technologies and TWG AI to build an AI-driven platform designed to monitor and protect the integrity…

TLDR House Democrats introduced the Banning Games on Deaths and Elections Act to ban contracts tied to elections, war, and death on platforms like Polymarket and Kalshi. Sen. Adam Schiff and Rep. Mike Levin separately introduced the DEATH BETS Act, targeting the same contract types under the Commodity Exchange Act. Research found insiders profited from these bets — one trader made $553,000 from a contract tied to the assassination of an Iranian leader. Around $500 million was reportedly bet on the timing of U.S. military strikes on Iran, drawing major regulatory scrutiny. Polymarket handled over $3.6 billion in bets during…

TLDR Five casino stocks — DraftKings, MGM, PENN, Caesars, and Las Vegas Sands — are drawing investor attention in early 2026 DraftKings analysts see around 30% upside potential following its prediction markets launch MGM posted record revenue of $17.2 billion in 2024, up 7% year-over-year PENN ended its ESPN Bet partnership in November 2025 after poor results and is rebranding under theScore Bet Las Vegas Sands shut down its digital gaming arm in October 2025 to refocus on Macau and Singapore Five casino stocks are drawing investor attention heading into 2026, based on trading volume data and recent analyst coverage.…

TLDR Director Keith Meister sold 37,500 MGM stock units on March 9, 2026, at $34.27 each, totaling $1,285,125 His remaining stake is 5,347,978 units valued at roughly $183.3 million — the sale trimmed his holding by 0.70% MGM’s Q4 EPS came in at $1.60, crushing the $0.64 consensus estimate; revenue hit $4.61B vs. $4.42B expected The stock traded at $35.66 on Monday, with a market cap of $9.12 billion Analyst consensus sits at “Hold” with an average price target of $41.94 Director Keith Meister sold 37,500 units of MGM Resorts International (MGM) stock on March 9, 2026, at an average…

TLDR DraftKings is rolling out a unified “super app” — DraftKings Sports & Casino — starting around NCAA March Madness, combining its sportsbook, casino, lottery, and prediction products into one platform. Victory Capital Management raised its DKNG position by 21.2% in Q3, and several other institutional investors also added to their holdings. Director Harry Sloan bought 100,000 shares at $21.85 in February, a $2.18M purchase that increased his stake by nearly 40%. DKNG stock is trading at $25.16, well below its 52-week high of $48.78, with its 200-day moving average at $33.77. Analyst consensus is “Moderate Buy” with an average…

TLDR CFTC Chairman Michael Selig scrapped a 2024 proposal that would have banned sports and political event contracts Selig launched “Project Crypto” with the SEC to create joint rules and a shared crypto-asset taxonomy The CFTC is claiming exclusive federal jurisdiction over prediction markets, putting it on a collision course with states like Nevada New rules will cover DeFi registration, leveraged crypto spot trading, perpetual derivatives, and AI-driven trading systems Prediction platforms must accept tighter surveillance and insider-trading enforcement in exchange for regulatory clarity The head of the U.S. Commodity Futures Trading Commission is pushing to bring prediction markets and…

TLDR Kalshi has partnered with XP International to launch regulated prediction markets in Brazil XP Group manages over $345 billion in assets and serves 4.7 million customers The service will be available to clients with international accounts through XP’s Clear brokerage Initial markets will focus on financial and economic events Brazil’s gambling regulator IBJR has raised concerns, warning the products may constitute betting under existing law Kalshi, a U.S.-based regulated prediction market platform, is expanding outside the United States for the first time. The company has teamed up with XP International, part of Brazil’s XP Group, to offer prediction markets…