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- Churchill Downs to acquire Preakness Stakes for $85 million
- Virginia Redistricting Odds Go Viral at Gambling911.com
- Commonwealth Voters Heavily Favored at -1000 to Approve Redistricting
- Prediction Market Traders Doubt Justice Alito Retirement Announcement By September 30
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Gambling News / Horse Racing
Churchill Downs to acquire Preakness Stakes for $85 million
Tuesday April 21, 2026 (11:10 am EDT)
Churchill Downs Incorporated has entered into a definitive agreement to acquire the Preakness Stakes for $85 million, the Louisville-based company announced April 21.
The Preakness Stakes, first run in 1873, is the second leg of the Triple Crown of Thoroughbred Racing traditionally ran at Pimlico Race Course in Baltimore.
The deal also includes the Black-Eyed Susan Stakes, a leading race for 3-year-old fillies that's also conducted at Pimlico Race Course on the day before Preakness.
“This acquisition adds one of the most iconic brands in American sports to our portfolio and is consistent with our strategy of investing in premier Thoroughbred racing assets with long-term growth potential,” Bill Carstanjen, chief executive officer of Churchill Downs Inc., said in a news release. “In keeping ownership of the Preakness intellectual property in the racing industry, CDI will support efforts to fully realize the potential of a redeveloped Pimlico and Preakness Stakes within the Triple Crown and the broader sports and entertainment landscape.”
Politics
Prediction Market Traders Doubt Justice Alito Retirement Announcement By September 30
Tuesday April 21, 2026 (9:30 am EDT)
Traders on Kalshi believe that Supreme Court Justice Samuel Alito will not announce his retirement by September 30 of this year despite much talk that such a move could reignite interest among Republicans to vote for their party representatives in the upcoming midterm elections.
Only a quarter of traders at Kalshi believe he will announce his retirement by the end of September while 43% believe he will do so by January 2017.
Alito, who just turned 76, fell ill at an event in Philadelphia last month and was treated for dehydration before returning home to suburban Washington,
Alito’s illness did not require an overnight hospital stay and he was back on the bench the following Monday, spokeswoman Patricia McCabe said in a statement.
Sweepstakes Casinos
Virginia Redistricting Odds Go Viral at Gambling911.com
Tuesday April 21, 2026 (9:30 am EDT)
BetOnline released odds for Tuesday's redistricting special election in Virginia, along with odds on the exit of FBI Director Kash Patel, on Monday and, based on the amount of traffic coming in from Virginia, Gambling911.com could only conclude that interest was more heavy on the former odds for that commonwealth's redistricting results.
BetOnline.ag has set odds on the measure passing and the numbers heavily favor it happening. Here are the numbers with prop bets still available (scroll down to see the selection).
Scroll left to right on mobile device to see regions in stats below
Will Virginia Redistricting Amendment pass?
Yes -1000
No +550
(Odds equate to a 91% implied probability measure will pass)
By what margin will the redistricting amendment in Virginia pass?
Over/Under 7%
In other political odds news, Kash Patel and Howard Lutnick are seeing their chances of hanging around as members of Trump's circle quickly diminish.
The Atlantic article titled “The FBI Director Is MIA,” has pushed people to bet against Patel, and Lutnick's upcoming testimony to Congress about Jeffrey Epstein has bettors banking against his future.
Interestingly, Patel, Lutnick, Pete Hegseth and Tulsi Gabbard are all favored to leave their posts before 2027.
Here are all the current Trump admin odds and changes:
Will Kash Patel leave position before 2027?
Yes -900
No +500
(Odds on April 13 were Yes -250, No +170)
Will Howard Lutnick leave position before 2027?
Yes -200
No +150
(Odds on April 13 were Yes +110, No -150)
Will Pete Hegseth leave position before 2027?
Yes -130
No -110
Will Tulsi Gabbard leave position before 2027?
Yes -165
No +125
Will Robert Kennedy Jr. leave position before 2027?
Yes +200
No -300
Will Marco Rubio leave position before 2027?
Yes +500
No -900
Will Markwayne Mullin leave position before 2027?
Yes +1000
No -4000
Sweepstakes Casinos
Maryland Fails to Pass Sweepstakes Casino Ban as Session Ends
Monday April 20, 2026 (10:16 pm EDT)
Maryland lawmakers failed to pass legislation to ban sweepstakes casinos before the state’s legislative session concluded this month.
A pair of bills to prohibit online dual-currency casino-style games passed the Maryland House with overwhelming bipartisan support but neither made it through the Senate.
The Maryland Lottery and Gaming Commission sent out dozens of cease-and-desist letters; officials estimated only around 25% of operators complied.
