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Todd Shriber
5638 stories by Todd Shriber
MGM NYC Casino Strong Post-Resorts World Table Games Launch
Facing increased competition in the form of newly launched table games at Resorts World New York, MGM Resorts International’s (NYSE: MGM) Empire City Casino is holding up well. MGM's Empire City Casino in Yonkers, NY....
Kalshi Lands in Another ETF as XOVR Adds $30 Million Stake
Kalshi is still a closely held company, but the prediction market giant has found its way into another exchange traded fund (ETF). Kalshi is still a private company, but it landed in another ETF. (Image:...
Kalshi Rebuffs Think Tank Claim Regular Traders Lost $584 Million on Platform
The Roosevelt Institute estimates that from July 2021 through May 2026, what it deems “casual” or “ordinary” traders on Kalshi lost $583.5 million on the yes/no exchange. Not surprisingly, the prediction market operator takes issue...
Mark Cuban Sparks Legal Battle With Sands CEO Dumont Over New Mavericks Arena Deal
Mark Cuban has launched a legal battle against Dallas Mavericks majority owner Patrick Dumont, alleging “adversarial business practices” over a plan to move the NBA team to a new site within the DFW Metroplex. Mark...
Report: MGM Forms Special Committee to Review Barry Diller’s $12.4B Takeover Bid
Shares of MGM Resorts International (NYSE: MGM) rallied in after-hours trading Friday (July 10) amid reports the casino operator is in advanced talks with Barry Diller’s People Inc. (NASDAQ: PPLI) regarding last month's $12.4 billion...
Polymarket Seeks US License to Match Rival Kalshi’s Margin Trading
Polymarket wants to join rival Kalshi in offering margin trading to clients, aiming to boost its appeal to professional and institutional investors. Polymarket applied with the National Futures Association (NFA) to offer margin trading. (Photo...
DraftKings Stock Price Target Gets Prediction Market Lift at Deutsche Bank
DraftKings (NASDAQ: DKNG) stock is positioned for steady, incremental upside from current levels, driven by the growth of its new DraftKings Predictions business. Deutsche Bank boosted its price target on DraftKings stock. (Image: DraftKings/Shutterstock) In...
Goldman, Morgan Stanley Bar Staff from Prediction Markets; Sports Trading Still OK
Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS), two of Wall Street’s largest investment banking giants, are reportedly moving to restrict staffers from trading on prediction markets in an effort to prevent insider trading...
Icahn Ally Courtney Mather Steps Down From Caesars Entertainment Board
Courtney Mather, a long-time ally of activist investor Carl Icahn, has resigned from Caesars Entertainment’s (NASDAQ: CZR) board of directors, effective July 6. Courtney Mather resigned as a Caesars director just as Carl Icahn, his...
ARK Invest: Prediction Markets Can Scale to $5 Trillion Within 5 Years
Prediction market volumes could scale to $5 trillion within the next three to five years, according to new research from ARK Investment Management. ARK Invest says prediction market notional volume could hit $5 trillion in...
