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Todd Shriber
5750 stories by Todd Shriber
Sands, Wynn Price Targets Cut as Macau GGR Softens
The World Cup’s dampening effect on Macau’s June gross gaming revenue (GGR) has prompted an analyst to trim price targets for Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN). The Venetian on the...
Kalshi Becomes Only Prediction Market to Crack World Cup Brand Power List
While the 48-team World Cup is driving historic trading volume on Kalshi, the tournament is yielding an equally critical win for the prediction market: a massive surge in mainstream brand equity. The World Cup is...
Cathie Wood’s Ark Innovation ETF Just Completely Exited DraftKings
Cathie Wood’s flagship ARK Innovation ETF (NYSE: ARKK) has completely eliminated its position in DraftKings (NASDAQ: DKNG), marking a definitive exit from the sports betting giant. ARK Investment Management founder Cathie Wood. The firm's largest...
Jefferies: Prediction Market Daily Volume Surges 80% in June, Sports Accounts for 89%
With a big assist from sports event contracts, average daily volume (ADV) across the prediction market industry swelled 80% on a month-over-month (m/m) basis in June, reaching $1.7 billion, according to latest Jefferies data. Kalshi's...
Deutsche Bank: World Cup Betting Handle Pacing Ahead of Estimates
The World Cup’s field of 16 will be officially set following three matches on Friday (July 3), but it’s already clear that the most prestigious soccer tournament is driving increased betting handle for sportsbook operators....
Cboe Pushes To Allow Legal Bets On Corporate Earnings Reports
Cboe Global Markets (BATS: CBOE) is asking regulators for permission to launch a new class of derivatives that allow investors to trade directly on corporate earnings and economic data. The Cboe Global Markets logo. The...
Prediction Markets Coalition Accuses AGA, States of ‘Collusive’ Behavior
The Coalition for Prediction Markets (CPM) claims there is “troubling evidence” that state gaming regulators are working hand-in-hand with the casino lobby to systematically shut down event contract platforms. The Coalition for Prediction Markets is...
Brightstar Lottery Stock Hits the Jackpot With Deutsche Bank ‘Buy’ Rating
Brightstar Lottery (NYSE: BRSL) stock hit its own jackpot Wednesday (July 1), climbing sharply on the heels of Deutsche Bank analyst Steven Pizzella initiating coverage with a shiny $15 price target. The Brightstar Lottery logo....
MGM China Buys Parent’s Mainland Hospitality Arm for $20M
MGM China paid $20 million to acquire MGM Asia-Pacific Ltd from its parent company, paving the way for the Macau casino operator to expand its mainland hospitality footprint. MGM China is acquiring a hotel management...
SEC Weighs Overhaul of ETF Rules as Prediction Market Funds Loom
The Securities and Exchange Commission (SEC) is seeking public feedback on "novel" exchange-traded funds (ETFs), a regulatory move triggered by a recent surge in filings for ETFs tied to political prediction markets. The Securities and...
