5447 stories by Todd Shriber
Kalshi, Tradeweb Team Up to Expand Institutional Access to Prediction Markets
Tradeweb is also taking a stake in Kalshi The two companies will explore “an institutional-focused portal for event contracts” Partnership could bolster Kalshi’s footprint among institutional traders Tradeweb Markets (NASDAQ: TW), which runs electronic markets for a variety of financial instruments, and...
Nevada Sues Kalshi, Says It’s Engaging in ‘Unlawful Behavior’
A 9th Circuit Court ruling paves the way for Nevada to block Kalshi from doing business there The Gaming Control Board filed a civil enforcement action against the prediction market firm Board says Kalshi is expanding its business amid legal challenges Following...
Political Prediction Market ETFs Gain Momentum With New Filings
Bitwise, GraniteShares throw hats into prediction markets ETF ring Funds appear similar to previously pitched products SEC hasn’t approved these ETFs The prediction markets industry is fiercely competitive and the same is true of the race to launch exchange funds (ETFs) tied...
Circa Las Vegas to Host “Bitcoin Takeover” in April
Circa is sponsoring a three-day Bitcoin takeover event at the downtown Las Vegas casino The event coincides with a major cryptocurrency conference taking place at a Strip integrated resort Circa has a longstanding embrace of the king of digital currencies Circa Resort...
Einhorn Reduces Penn Entertainment Holdings as Shares Slip
DME Capital sold nearly 700,000 shares of Penn Entertainment in Q4 The hedge fund was also likely a seller of the regional casino stock in the prior The money manager still owns more than six million shares of the gaming stock David...
Rush Street Interactive Execs Sell Shares, Pare Down Stock Holdings
CEO Schwartz engages in largest sale to date COO Stetz also sold shares The stock is down 17.50% year-to-date High-ranking executives at Rush Street Interactive (NYSE: RSI) have recently been cutting their exposure to the gaming stock. A Form 4 filing with...
Super Group Accused of Misleading Investors by Spruce Point
Bearish research firm alleges Super Group is improperly booking revenue from a South African subsidiary The short seller says the gaming company claims to own 100% of the unit when documents indicate it does not The stock is struggling this year Spruce...
Bettors Given Prediction Market Edge By New Tool to Fade Losers
Traditional copy trading tools only allow users to follow other bettors and traders Stand is taking the opposite approach It could work because most prediction market traders lose money Sports bettors know about the notion of fading bettors that are on losing...
New Political Prediction Market ETFs Could Give Bettors an Edge
Fund sponsor files for six ETFs that would track domestic political prediction markets The ETFs haven’t been approved as of yet Roundhill is the company behind a well-known sports betting ETF Bettors and traders focusing on political prediction markets could have new...
SEC Could Regulate Some Prediction Markets, But Not Sports
CFTC, SEC already share some oversight responsibilities SEC Chair Atkins says prediction markets have potential overlap for the two agencies It’s unlikely the SEC would get involved with sports event contracts Prediction market operators may soon have another federal regulator to answer...
