5532 stories by Todd Shriber
Analyst: DraftKings May Have Q1 Tailwinds But 2026 Guidance Reachable
A pair of upsets may have provided some relief for DraftKings Analyst lifts Q1 EBITDA estimate to $154 million Says company’s full-year guidance is attainable The NCAA's March Madness Tournament is likely to have a neutral impact on DraftKings’ (NASDAQ: DKNG) first-quarter...
Jefferies Analyst: Prediction Markets Likely Facing SCOTUS Loss in 2027
Jefferies analyst breaks down four scenarios in which Kalshi could notch losses in Supreme Court losses He ranks the risks of Kalshi losing those cases as “medium,” “high” and “very high” He adds the high court is likely to hear prediction market...
JPMorgan CEO Hints at Caveated Prediction Markets Entry
JPMorgan Chase CEO Jamie Dimon says bank is mulling prediction markets entry If that happens, the bank will not offer political or sports event contracts He says there are a lot of other event contracts the bank could avoid JPMorgan Chase CEO...
Diller’s IAC bolsters its MGM stake with $37m share deal
IAC recently boosted its MGM stake by one million shares Barry Diller’s company already owned about 23% of the casino giant The two latest transactions cost a combined $37.22 million Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) recently upped its stake in MGM Resorts...
Prediction Market Users Mostly Small, Act Like Day Traders
Median bet size on Polymarket is just $10 Analysis indicates average user on that platform trades 25 times per day That behavior is more consistent with active or day trading than sports betting Prediction markets are courting institutional investors and whale bettors,...
Robinhood Could Reap Long-Term Growth from Prediction Markets
The brokerage house is a fast-growing prediction markets player Many of its clients are already sports bettors Analyst says prediction can contribute to company’s long-term growth Robinhood Markets (NASDAQ: HOOD) is already the de facto brokerage house for many Gen Z and...
Kalshi Beating Sportsbooks on NCAA Tournament Pricing
Kalshi has consistently beaten sportsbooks on March Madness pricing Other prediction market platforms are lagging Analyst maintains view that prediction markets posed limited threat to sportsbook profitability Kalshi is getting it right in terms of the pricing offered to clients on NCAA...
Intercontinental Exchange Invests Another $600 Million in Polymarket
Exchange operator will also buy up to $40 million in Polymarket securities from existing investors ICE’s investment is part of Polymarket’s latest funding round ICE previously invested $2 billion in the prediction market at an $8 billion pre-money valuation Intercontinental Exchange (NYSE:...
Texas to Examine Prediction Markets in 2027 Legislative Session
Gov. Dan Patrick wants Texas State Senate to examine prediction markets next year Election event contracts mentioned in his list of priorities Sports wagering isn’t legal in the state In some form, the Texas State Senate will take up the issue of...
Fertitta Family Buys WNBA’s Connecticut Sun ahead of potential Houston relocation
It marks the return of the Houston Comets The transaction is reportedly worth $300 million Fertitta and his family also own the Houston Rockets Tilman Fertitta and his family are set to acquire the WNBA’s Connecticut Sun and will relocate the franchise,...
