5588 stories by Todd Shriber
High Roller Stock Jumps on News of Prediction Markets Deal
At one point today, the stock more than doubled on news of a prediction markets deal with Crypto.com Traders may have realized the news isn’t all that new, explaining why the gains were trimmed High Roller Technologies (NYSE: ROLR) surged on news...
iGaming stocks continue to dominate sports betting peers
Prediction markets are pressuring online sportsbook operators iGaming-centric companies have prediction market buffers Analyst highlights Rush Street Interactive, Super Group as possible iGaming winners Over the past year, shares of online sportsbook operators, including DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT),...
Cantor Fitzgerald: Coinbase, Robinhood Top Picks For Prediction Markets Boom
Research firm says the two brokerage houses are the best publicly traded ideas for investors looking for prediction markets access Prediction markets are Robinhood’s fastest-growing business to date Event contracts are similar to crypto, equities trading where these companies are among the...
Masters Hits Big on Kalshi: Golf Winner Becomes 2nd-Most Bet Event Ever
Golf’s first major of the year was the most bet on sporting event in Kalshi history That’s on the basis that volume generated by the Super Bowl was spread across a slew of derivatives The Masters champion contract was the 2nd-most bet...
Missouri Sports Betting Defies Odds With Record Start and Zero Cannibalization
Missouri is one of the best online sports betting launches in recent memory That’s happening with reduced promotional spending by operators Analyst says there’s little evidence of prediction markets cannibalization Since its December debut, Missouri has emerged as one of the most...
Robinhood Imposes Restrictions on Prediction Markets
Robinhood wants to clampdown on potential insider trading It won't offer certain event contracts that are vulnerable to manipulation Event contracts are big business for the online broker Robinhood Markets (NASDAQ: HOOD) will keep with its policy of not offering certain event...
‘Embodying Complexity’: Why a Caesars Takeover Could Be a Risky Bet
A potential takeover of Caesars Entertainment has a lot of moving parts Those include possible outcomes for VICI Properties, the owner of Caesars real-estate Analyst says the outcome for Caesars is one of the most important near-term issues for the industry It’s...
FanDuel Temporarily Halts Illinois Per Bet Fee
The sportsbook operator is waiving its 50-cent surcharge on sports bets placed in Illinois through June 19 A two-tiered levy on bets went into effect last July Legislation has been tabled to repeal the levy but has not been ratified FanDuel, the...
Judge Blocks Arizona From Regulating Kalshi Prediction Markets
Federal judge temporarily prohibits Arizona from enforcing gaming laws against Kalshi Says Commodities Exchange Act (CEA) grants CFTC regulatory power over swaps CTFC rails against Arizona attempts to "weaponize" state law against federal law with Kalshi case Kalshi notched another legal victory...
SharpLink Shares Lifted By TD Cowen ‘Buy’ Rating
Shares of Ethereum treasury firm bounced as TD Cowen started coverage with a “buy” rating Price target of $16 implies stock can more than double SharpLink is one of the largest corporate owners of Ethereum Shares of SharpLink Gaming (NASDAQ: SBET) rallied...
