Caesars plans for possible entry into sports prediction markets

Caesars Entertainment told analysts it is preparing for a possible move into sports prediction markets if a lawful route emerges, while seeking to protect its state licences. President of Caesars Sports and Online Eric Hession said the company was monitoring developments; chief executive Tom Reeg said it would consider entering if it could do so without risking licences. Caesars reported third-quarter online sports-betting handle growth of 6% and iGaming revenue growth of 29%, according to analyst Barry Jonas.