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Todd Shriber
5694 stories by Todd Shriber
PENN Entertainment Shareholders Back Board Declassification Proposal
PENN Entertainment investors approve union proposal to declassify casino operator’s board of directors, pushing for annual elections instead of staggered multi-year terms This marks the second time in the company's history that investors have backed...
Crypto-Driven Trades Push Prediction Market Volume to New Heights
Sports are still the primary driver of prediction market volume However, fast resolution cryptocurrency trades are gaining momentum Some critics assert those trades are another form of gambling While sports event contracts remain the primary...
Novig Secures Historic CFTC Nod for 50-State Prediction Market
The CFTC has granted Novig Designated Contract Market (DCM) status, allowing it to bypass state-by-state licensing and launch a regulated sports prediction exchange across all 50 states Approved in just five months, the quick turnaround...
Coinbase Upgrades Prediction Suite With ‘Crypto Binaries’ and Parlay-Style Combos
The cryptocurrency brokerage is adding combos or parlays to its prediction market offering It’s adding timed crypto trades to the mix Coinbase partners with Kalshi Coinbase Global (NASDAQ: COIN) today (June 16) announced an expansion...
Roundhill Ditches Passive Index to Actively Manage Famous BETZ Gambling ETF
The Roundhill Sports Betting & iGaming ETF (BETZ) will officially convert to an actively managed fund immediately following the market close on Thursday, June 18 The move means the ETF will stop tracking its rigid...
Rush Street Inches Closer to Prediction Markets with DCM Filing
Rush Street Interactive filed for two important prediction market licenses with the CFTC for both a Designated Contract Market (DCM) license and a Derivatives Clearing Organization (DCO) registration It’s viewed as the latest sign the...
Kalshi Tops $100B in Lifetime Volume as Daily Levels Soar Amid Major Sporting Events
Kalshi’s lifetime total notional volume recently surpassed $100 billion fueled by a perfect storm of sports betting and macroeconomic forecasting With the help of big sporting events, the prediction market operator recently notched its first...
Kalshi Using Claude AI to ‘Referee’ Prediction Markets
Internally dubbed "Harrison," the proprietary AI agent was built to handle backend market compliance as Kalshi’s transaction volumes skyrocket Harrison proactively reviews and stress-tests the literal wording of event contracts, catching ambiguities and closing potential...
Moody’s: Bally’s Evoke Acquisition ‘Credit Positive’ for Indebted Target
Bally’s finalized a deal to buy London-listed gaming operator Evoke at a premium rate of 50p per share The takeover rescues Evoke—owner of William Hill and 888—as it struggles under a crushing £1.8 billion net...
Robinhood Debuts Rothera Exchange With Massive World Cup Prediction Rollout
World Cup prediction market volume already exceeded that of the Super Bowl Bernstein says Robinhood likely to draw “strong tailwinds” from the event The company is routing World Cup trades through Rothera Shares of Robinhood...
