May 27, 2026 15:19
Analysts flag an imminent growth turnaround for MGM’s core market Favorable hotel booking trends provide a strong tailwind for the current quarter MGM stock trades at a compelling discount, signaling a prime entry point Shares of MGM Resorts International (NYSE: MGM) surged to a 52-week high Wednesday following a positive upgrade from Truist Securities. Analysts […]
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May 27, 2026 15:04
Las Vegas visitors say they generally feel the casino town provides value That’s a big change from 2025, when visitors expressed frustrations with supposedly greedy casinos Las Vegas visitor volume was flat in the first quarter, but hotel rooms nonetheless raised rates After a wave of consumer blowback over soaring costs, a new Truist Securities […]
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May 27, 2026 13:46
Rhode Island’s single-operator sports betting market is officially expanding later this year, ending a strict monopoly that has been in place since 2019 The Rhode Island Lottery approved Bally’s Corporation for the state’s second-ever online sports betting license, beating out Rush Street Interactive for the coveted spot Launching this November, the flagship Bally Bet app […]
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May 27, 2026 12:36
Ontario’s centralized self-exclusion platform went live May 14 BetGuard’s scope covers all licensed iGaming websites in Ontario’s regulated market, including platforms operated by the OLG BetGuard prohibits operators from sending direct marketing to self-excluded individuals, with strict penalties for non-compliance More than 500 people have registered for BetGuard, iGaming Ontario’s centralized self-exclusion platform, just two […]
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May 27, 2026 12:25
The House Oversight Committee is launching an investigation into widespread insider trading on prediction markets Chairman James Comer demanded both Kalshi and Polymarket turn over internal records regarding user verification and trading activity In April, the Department of Justice (DOJ) brought charges against a US Army master sergeant on allegations that he used classified data […]
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May 27, 2026 09:16
Sweepstakes casinos are now illegal in Tennessee The sweepstakes casino ban took effect immediately upon Gov. Lee’s signing Lee also signed a measure to crack down on insider trading on prediction markets Online sweepstakes casinos are officially illegal in Tennessee after Gov. Bill Lee signed Senate Bill 2136/House Bill 1885 into law. Lee’s signature amends […]
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May 27, 2026 01:38
The president has previously expressed ambivalence toward prediction markets His son, Donald Trump Jr is an advisor to Kalshi and Polymarket He bashed Democrat politicians as standing in the way of the prediction markets industry In a new Truth Social post, President Trump said it is vital that the Commodity Futures Trading Commission (CFTC) maintains […]
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May 26, 2026 23:41
Former New Hampshire state senator and casino owner Andy Sanborn has agreed to plead guilty to a federal charge of stealing government funds by diverting over $255,000 in COVID-19 relief aid Under the terms of the federal plea agreement, Sanborn faces one year and one day in prison and a $250,000 fine for misusing an […]
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May 26, 2026 20:01
Short sellers have accumulated over $2.3 billion in paper profits betting against three dominant online gambling operators Flutter bore the brunt of the attack with $2 billion in short profits, followed by $351 million from DraftKings and $35 million from Entain The massive, short momentum is slowing slightly, showing early signs of modest short covering […]
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May 26, 2026 19:01
Rain, a decentralized prediction market protocol, has announced a massive expansion ahead of the upcoming FIFA World Cup The platform is backing its upcoming V2 launch with a $100 million liquidity commitment to ensure deep market depth for World Cup traders The capital injection is split evenly between $50 million in Tether (USDT) and $50 […]
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