Caesars, VICI outline possible NBA arena site behind Las Vegas Strip resorts
Caesars and VICI Properties say they are developing a plan for 50 acres behind three Las Vegas Strip resorts that could become the site of a future NBA arena.
Tyler Andrews
Contributor
Posts by Tyler Andrews
DraftKings sued over California-linked prediction market claims
A lawsuit filed in Massachusetts on behalf of a California resident alleges DraftKings’ Predictions product violates state gambling rules by offering sports betting under the label of event-contract trading.
Thunder Valley Casino Resort suspends gaming after power outage
Thunder Valley Casino Resort said it temporarily suspended gaming operations Thursday because of a power outage tied to a crash that damaged utility infrastructure.
Robinhood says prediction markets helped drive record $1.31B quarter
Robinhood reported record second-quarter revenue of $1.31 billion, with event contracts generating $156 million and surpassing crypto transaction revenue for the period.
Study links legal online sports betting to lower household savings
Researchers analyzing more than 183,000 U.S. households found that legal online sports betting was associated with lower investment deposits and added financial strain for some frequent and lower-savings bettors.
California wildfire prediction markets draw scrutiny as lawmakers target disaster-related trades
Prediction markets tied to California wildfires are facing ethical and regulatory scrutiny, with critics warning they could create harmful incentives during real-world disasters.
