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Todd Shriber
5638 stories by Todd Shriber
American Century Weighs the Pros and Cons of Trading Corporate Risks on Prediction Markets
The asset manager views event contracts as a groundbreaking new framework for quantifying macroeconomic risk By tapping into collective market intelligence, these platforms offer the potential for highly accurate, real-time predictions However, fund managers warn...
Minnesota Becomes First State to Ban Prediction Markets, Prompting Immediate Federal Lawsuit
Minnesota has officially become the first state in the nation to pass an outright ban on prediction markets, transforming legal operators into felons overnight The CFTC swiftly launched a federal lawsuit against the state to...
Houston Politician Proposes Turning the Astrodome Into the ‘World’s Biggest Casino’
A former Houston mayor running for Harris County judge wants billionaire Tilman Fertitta to transform the iconic, decaying Astrodome into a massive casino The candidate is calling on voters to "get rid of" Texas Lt....
How AI Can Secretly Drive Massive Profits for the Casino Industry
Casinos have been slow to join the AI revolution, trailing behind other major sectors Embracing algorithms over old tech is expected to unlock a major avalanche of future earnings Operators are actively testing AI for...
Bringing Home the Bacon: Pork Producers Demand Voice in Prediction Market Rules
National Pork Producers Council pushes CFTC to consider prediction markets’ impact on agriculture commodities trading Council warns some event contracts have been subject to abuse Group says prediction markets can create “noise” affecting traditional commodities...
Polymarket Teams Up with Nasdaq to Launch Private Company Prediction Markets
The prediction market operator is broadening access to large privately held companies News arrives as investors prepare for some of the largest IPOs in history Polymarket is partnering with Nasdaq Private Market Polymarket is partnering...
Macquarie: The Stock Divide Between Online Casinos and Sportsbooks is Widening
Q1 results highlight a widening performance gap between iGaming and sportsbook operators Market momentum strongly favors online casino stocks over sports betting peers Current stock volatility is being fueled by trader sentiment rather than fundamental...
Jefferies: Monarch Casino Sees Attractive M&A Environment
Analyst claims M&A could be “most likely avenue” for growth for operator after discussions with management Monarch management sees deep pool of potential opportunities The operator is frequently attached to takeover rumors, but hasn’t made...
JP Morgan: MGM Stock Volatility Could Increase Post-Caesars Takeover
Analysts warn that an acquired Caesars would concentrate capital and heighten trading volatility for rival MGM A successful buyout would eliminate one of the few pure-play public options left for investing in Las Vegas Strip...
JPMorgan: Potential Caesars-Fertitta Merger Could Force Vegas Casino Sale
JP Morgan suggests overlapping operations could force the sale of either Caesars' Flamingo or Fertitta’s Golden Nugget Regulatory hurdles are expected to compel asset sell-offs stretching far beyond the Las Vegas Strip JPMorgan estimates that...
