5315 stories by Todd Shriber
ESPN Bet Is Almost Gone, But Penn Is Making Sports Betting Strides
Data indicate Penn Entertainment is making sports betting progress Company recently announced end of ESPN Bet partnership Experts see positives in Penn’s new direction The once ballyhooed version of the ESPN Bet mobile sports wagering application operated by Penn Entertainment (NASDAQ: PENN)...
Robinhood Rocks Prediction Markets Industry with Susquehanna Deal
Robinhood announces plans for independent prediction market offering Could be blow to partner Kalshi Prediction markets represent one of Robinhood’s fastest-growing businesses Talk about a Thanksgiving week bombshell. Late Tuesday, Robinhood Markets (NASDAQ: HOOD) rocked the prediction markets industry, unveiling what amounts...
DraftKings, Flutter Among Gaming AI Implementation Leaders
Two sportsbook giants are gaming industry leaders regarding AI adoption The pair have some traits that make them consumer cyclical AI leaders, says Morgan Stanley Other betting-related companies also establishing AI leadership Artificial intelligence (AI) is still young, but the disruptive technology...
Polymarket US Launch Imminent Following CFTC Approval
CFTC issued amended order of designation Order allows Polymarket to operate intermediated exchange in the US Approval paves way for Polymarket to reenter the US Polymarket’s long-awaited return to the US inched closer to reality on Tuesday after the Commodities Futures Trading...
DraftKings Rolls Out Spanish-Language Betting Apps
Spanish-language offering will initially be available to existing North American customers Company says Spanish speakers are a growing part of its customer base Hablas español? DraftKings has you covered. The gaming company introduced Spanish-language functionality in its popular internet casino and sports...
DraftKings, FanDuel Could See $5B Prediction Market Opportunity, Says Analyst
Two sportsbook giants could see $5 billion total addressable in US prediction markets, says analyst Forecast is based on $4.4 billion in sports-only contracts It’s also based on 40% of US betting age population without access to legal sports betting Flutter Entertainment’s...
Sports Betting Proliferation Problematic for Sub-Prime Lenders, Says BofA
Prediction markets, sports betting boom could be trouble for some lenders Bank of America sees potential stress for sub-prime and student loan lenders Young men in low-income areas seen as particularly vulnerable The rapid expansion of sports betting in the US and...
Kalshi Hits $11 Billion Valuation, Closes in on DraftKings’ Market Cap Following $1 Billion Funding Round
The prediction market is reportedly worth $11 billion following an undisclosed capital raise of $1 billion Its valuation more than doubled in about six weeks Kalshi is worth just $3.44 billion less than DraftKings Prediction markets operator Kalshi reportedly raised $1 billion...
Fanatics Nears Prediction Markets Entry with Crypto.com
Fanatics acquired a company to gain National Futures Association (NFA) membership CEO Rubin says partnership with Crypto.com could debut in coming weeks Count Fanatics as the latest sportsbook operator entering the world of prediction markets. In an interview with CNBC’s Sara Eisen...
Polymarket IPO Chatter Heats up Following Kraken Filing
Report suggests prediction market, crypto exchange have similarities Rumors recently surfaced Polymarket could raise capital at a valuation of up to $15 billion On Wednesday, cryptocurrency exchange operator Kraken filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC),...
