5081 stories by Todd Shriber
Fanatics’ $31 Billion Valuation Ranks it Among Most Valuable Unicorns
Fanatics in the top 20 among world’s most valuable unicorns Sports apparel and gaming company is valued at $31 billion Sports apparel and betting company Fanatics is one of the most valuable unicorns in the world, though it has a long way...
DraftKings, PrizePicks, Others May Be Readying Prediction Market Plans
NFA registry indicates DraftKings may again be evaluating prediction markets entry Fanatics also has a filing with the NFA PrizePicks, Underdog Fantasy also mulling NFA membership A batch of recent filings with the National Futures Association (NFA) indicate that DraftKings (NASDAQ: DKNG)...
CME/FanDuel Deal Greeted Favorably by Wall Street Analysts
One analyst called sportsbooks’ move into prediction markets “enticing” Another said CME/FanDuel deal opens the floodgates CME, FanDuel announced partnership on Wednesday that will bring financial event contracts to FanDuel customers Late Wednesday, CME Group (NASDAQ: CME) and Flutter Entertainment’s (NYSE: FLUT)...
CME, FanDuel Taking Fight to Prediction Markets with Financial Contracts
Companies are teaming up on yes/no contracts on commodities, stock indexes, economic data and more CME, FanDuel are forming a joint venture Could be blow to Kalshi Possibly rocking the burgeoning prediction markets industry, CME Group (NASDAQ: CME) and FanDuel said today...
Flutter Stock Earns Spot on Goldman Hedge Fund VIP List
VIP list is collection of stocks appearing in hedge funds’ top 10 holdings Flutter is lone gaming name to make the cut Flutter Entertainment (NYSE: FLUT) earned another accolade: an appearance on the Goldman Sachs Hedge Fund VIP List. That grouping, which...
Kalshi Files to Offer Football Player Props, Sides, Totals
Filings arrive ahead of start of football season Certain to intensify competition with sportsbooks Contracts will go live unless CFTC blocks move or requests 90-day review period In a move certain to that ratchet up competition with sportsbook operators, Kalshi filed to...
PrizePicks Could Be Positioning Itself for Sale, Valuation May Be $2 Billion
DFS operator’s move to PVP model could be attractive to suitors Online betting firms could kick to the tires on PrizePicks Rival Underdog Fantasy’s recent valuation could be boon for PrizePicks Daily fantasy sports (DFS) operator PrizePicks has largely shifted to a...
Rio Las Vegas Lands $176.5 Million CPACE Loan
Peachtree Group provides $176.5 million in financing to Rio casino hotel There’s been unsubstantiated chatter about venue’s financial health Dreamscape Companies, the operator of the Rio Hotel & Casino, procured a $176.5 million Commercial Property Assessed Clean Energy (CPACE) loan from Peachtree...
DraftKings Could Buy Back $18 Billion of Stock Over 10 Years, Says Analyst
DraftKings is a product, technology leader in iGaming/sports betting industry Company could be a massive buyer of its own shares over the next decade DraftKings (NASDAQ: DKNG) could be a major buyer of its shares over the next 10 years, potentially retiring...
Peppermint Hippo Las Vegas Owner Could Become Public Company
In deal with Tradewinds Universal, Peppermint Hippo could become publicly traded gentlemen’s club stock Peppermint Hippo operates two Las Vegas gentlemen’s clubs In a unique deal that could make another cabaret operator available to public investors, Tradewinds Universal, Inc. (OTCID: TRWD) said...
