5532 stories by Todd Shriber
‘Embodying Complexity’: Why a Caesars Takeover Could Be a Risky Bet
A potential takeover of Caesars Entertainment has a lot of moving parts Those include possible outcomes for VICI Properties, the owner of Caesars real-estate Analyst says the outcome for Caesars is one of the most important near-term issues for the industry It’s...
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 A two-tiered levy on bets went into effect last July Legislation has been tabled to repeal the levy but has not been ratified FanDuel, the...
Judge Blocks Arizona From Regulating Kalshi Prediction Markets
Federal judge temporarily prohibits Arizona from enforcing gaming laws against Kalshi Says Commodities Exchange Act (CEA) grants CFTC regulatory power over swaps CTFC rails against Arizona attempts to "weaponize" state law against federal law with Kalshi case Kalshi notched another legal victory...
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...
Billionaire Kenneth Dart Grows Flutter Entertainment Stake To Over 20%
The heir to the Dart Container fortune has been steadily buying Flutter stock He’s been buying as the stock declines and as some insiders sold Dart’s stake in the FanDuel owner is built through total return swaps Kenneth Dart, the heir to...
MGM and IAC Reach Voting Agreement Over Influence And Board
Barry Diller’s IAC and MGM Resorts reached a voting agreement under which the media company’s influence will be limited in certain circumstances In exchange, IAC is guaranteed two board seats IAC owns approximately 23% of MGM shares Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC)...
New Study Suggests 84% of Polymarket Traders Aren’t Profitable
That’s worse than a prior study indicating 70% of the prediction market’s traders lose money New study says just 2% of Polymarket traders have made more than $1,000 Less than a third of a percent made more than $10,000 Various studies indicate...
