5445 stories by Todd Shriber
Masters Winner Contract Was 2nd-Most Bet in Kalshi History
Golf’s first major of the year was the most bet on sporting event in Kalshi history That’s on the basis that volume generated by the Super Bowl was spread across a slew of derivatives The Masters champion contract was the 2nd-most bet...
Missouri Starts Strong in OSB, Little Sign of Prediction Markets Threat
Missouri is one of the best online sports betting launches in recent memory That’s happening with reduced promotional spending Analyst says there’s little evidence of prediction markets cannibalization Online sports wagering debuted in Missouri in December and the Show Me State is...
Robinhood Imposes Restrictions on Prediction Markets
Robinhood wants to damp insider trading It’s limiting the number of prediction markets traders have access to Event contracts are big business for the online broker Amid rising concern about and scrutiny applied to insider trading on prediction markets, Robinhood Markets (NASDAQ:...
Caesars Takeover Would ‘Embody Complexity,’ Says Analyst
A potential takeover of Caesars Entertainment has a lot of moving parts Those include possible outcomes for VICI Properties Analyst says the outcome for Caesars is one of the most important near-term issues for the industry It’s widely known that Caesars Entertainment...
FanDuel Temporarily Halts Illinois Per Bet Fee
The sportsbook operator is waiving its 50-cent surcharge on sports bets placed in Illinois through June 19 That may be an indication that a bill to repeal the tax has momentum The tax went into effect last July FanDuel, the largest US...
Kalshi Scores Arizona Win as Judge Rules State Can’t Regulate Prediction Markets
Federal judge temporarily prohibits Arizona from enforcing gaming laws against Kalshi Says Commodities Exchange Act (CEA) grants CFTC regulatory power over swaps Arizona brought a criminal case against Kalshi last month Kalshi notched another legal victory last Friday when a US district...
SharpLink Shares Lifted By TD Cowen ‘Buy’ Rating
Shares of Ethereum treasury firm bounced as TD Cowen started coverage with a “buy” rating Price target of $16 implies stock can more than double SharpLink is one of the largest corporate owners of Ethereum Shares of SharpLink Gaming (NASDAQ: SBET) rallied...
Report: Sportsbook Heavyweights Give $48M To Pro Sports Betting Super PAC
Sports Betting Alliance members including DraftKings and FanDuel have funneled $48 million into the Win for America super PAC The committee directs cash to state PACs It came under scrutiny in Alabama DraftKings (NASDAQ: DKNG), Flutter Entertainment’s (NYSE: FLUT) FanDuel and some...
Bank Of America: Sports Event Contracts Could Generate $1.1T in Volume
Bank of America estimates sports event contracts on prediction markets could eventually hit $1.1 trillion in annual volume That would result in revenue of $10 billion, assuming 1% commissions Report sent sports betting stocks tumbling Sports event contracts featured on prediction markets...
Charles Schwab: Prediction Markets And Betting Blurring Lines with Investing
Brokerage firm echoes refrain voiced by other betting, prediction market critics Schwab says those that are most drawn to sports betting are those that can least afforded the related losses Asset manager says bettors are missing out by not investing Charles Schwab...
