Shiv Verma notes users have been buying and selling weather contracts to hedge “flight risk” and their home insurance, yet he stresses the platform won't offer war and death markets The post Robinhood customers trading contracts “we didn’t even imagine,” says CFO first appeared on EGR North America.
Transaction involving Las Vegas giant is worth $31 per share, with deal subject to shareholder and regulatory approvals The post Fertitta Entertainment agrees $17.6bn takeover deal with Caesars first appeared on EGR North America.
License application submitted by operator’s subsidiary marks first step in plans to launch games from LeoVegas Studios in the market The post LVS’ CEO on the idea of casino-related prediction markets: “I’m always open to innovation” first appeared on EGR North America.
Boutique analyst firm estimates $900m to $1bn was bet in the US on the 2022 edition in Qatar, with upcoming tournament to include 104 games versus 64 four years ago The post EKG’s base case projection for World Cup betting handle tops $2.8bn first appeared on EGR North America.
Louisiana approaches measures against athlete harassment and New York tables a locational ban The post Regulation roundup: New York, Tennessee, North Carolina, and more first appeared on EGR North America.
US President insists it is “critically important that the CFTC's exclusive authority over prediction markets is maintained” in strongly worded Truth Social post The post Trump warns “scum” not to interfere in the federal regulation of prediction markets first appeared on EGR North America.
Jesper Søgaard tells EGR it is the “nature of capitalism” for multiple business to try grab a slice of the prediction markets pie, while he lays out his frustration in Brazil as the unregulated market continues to proliferate The post Better Collective co-CEO on the prediction markets prize and keeping tabs on M&A first appeared […]
Prediction markets to face three-to-four-month regulatory investigation as part of pushback from government and regulator The post Spain blocks Kalshi and Polymarket and opens disciplinary proceedings first appeared on EGR North America.
Threat posed by prediction markets and a hardening regulatory environment in the UK prompted funds to place bets on Flutter, DraftKings and Entain stock falling The post Hedge funds accumulate more than $2.3bn short selling leading gambling firms first appeared on EGR North America.
Peter Neronha accuses the prediction market platforms of “evading our laws”, while insisting there is “no substantive difference between sports betting and events contracts” The post Rhode Island AG sues Polymarket and Kalshi for “unlawfully” offering sports betting first appeared on EGR North America.