5359 stories by Todd Shriber
Underdog Lost Arizona DFS License Due to Prediction Markets. Others Could Be Next.
Last week, Arizona pulled Underdog’s fantasy sports license amid the company’s prediction markets push. Analyst says Fanatics, PrizePicks at risk of similar fate. DraftKings, FanDuel appear safe in the state. Last week, Arizona regulators yanked Underdog’s fantasy sports license as the company...
Robinhood Prediction Markets Entry Threatens DraftKings, FanDuel, Says Analyst
Robinhood plans to unveil its prediction market platform at a Dec. 16 investor event. Company could highlight less dependence on Kalshi. Analyst says competitive threat to sportsbook operators could be emerging. On Tuesday, Robinhood Markets (NASDAQ: HOOD) is hosting Robinhood Presents: YES/NO,...
Employers Need to Be Vigilant on Prediction Markets Insider Trading, Says Law Firm
The rise of prediction markets has been accompanied by allegations of insider trading It’s largely tied to corporate events, such as new product releases Prediction markets don’t yet have a clear insider trading framework The rise of prediction markets has ushered in...
Caesars Sportsbook Coming to Rampart Casino in Summerlin
First example of a Caesars-branded sportsbook in a locals' casino Venue is expected to open in early 2026 Caesars Entertainment and the Rampart Casino announced a partnership on Monday under which a Caesars Sportsbook will come to the Summerlin, Nev. gaming venue....
Rising Prediction Markets Have Implications for Junk-Rated Rivals
Non-investment grade lottery operators could be pinched by the rise of prediction markets, says asset manager Outlook is “mixed” for regional gaming operators Investors need to display “greater vigilance,” says money manager The continued rise of prediction markets heightens competition in the...
Penn iGaming App Tagged with Patent Infringement Lawsuit
Regional casino operator and its digital unit were hit with suit. Single Action Bet Tech says gaming company infringed on two of its patents. Plaintiff provides tech that makes betting actions more efficient. Penn Entertainment’s (NASDAQ: PENN) Hollywood Casino mobile application is...
Prediction Markets Search for Growth Outside Sports Contracts
By some estimates, sports event contracts account for 75% to 80% of prediction market volume. Some say it’s higher than that. One research firm says that percentage could significantly decline over the long-term. Though they claim to not be in the business...
Coinbase Poised to Partner with Kalshi on Prediction Markets
Two companies already have a relationship. Coinbase expected to reveal prediction market plans next week. Partnership could be similar to Kalshi/Robinhood. When it launches it prediction markets platform, which could occur imminently, Coinbase Global (NASDAQ: COIN) appears likely to partner with Kalshi....
Winklevoss Twins’ Gemini Lands Prediction Markets Approval
Gemini Space Station, the brothers’ cryptocurrency exchange, wins prediction markets approval from CFTC Company’s event contracts push was revealed last month Approval brings another crypto-centric player to the fast-growing industry Gemini Space Station (NASDAQ: GEMI), the digital currency exchange controlled by Cameron...
Fox Not Looking to Get Into Sports Betting, Says CFO Tomsic
FOX Bet was shuttered in 2023 Media company has option to acquire 18.6% of FanDuel It also owns $900 million worth of Flutter Entertainment equity Fox Corporation (NASDAQ: FOX) is one of the biggest names in US sports broadcasting and streaming, but...
