5588 stories by Todd Shriber
Report: Sportsbook Heavyweights Give $48M To Pro Sports Betting Super PAC
Sports Betting Alliance members including DraftKings and FanDuel have funneled $48 million into the Win for America super PAC The committee directs cash to state PACs It came under scrutiny in Alabama DraftKings (NASDAQ: DKNG), Flutter Entertainment’s (NYSE: FLUT) FanDuel and some...
Bank Of America: Sports Event Contracts Could Generate $1.1T in Volume
Bank of America estimates sports event contracts on prediction markets could eventually hit $1.1 trillion in annual volume That would result in revenue of $10 billion, assuming 1% commissions Report sent sports betting stocks tumbling Sports event contracts featured on prediction markets...
Charles Schwab: Prediction Markets And Betting Blurring Lines with Investing
Brokerage firm echoes refrain voiced by other betting, prediction market critics Schwab says those that are most drawn to sports betting are those that can least afforded the related losses Asset manager says bettors are missing out by not investing Charles Schwab...
Billionaire Kenneth Dart Grows Flutter Entertainment Stake To Over 20%
The heir to the Dart Container fortune has been steadily buying Flutter stock He’s been buying as the stock declines and as some insiders sold Dart’s stake in the FanDuel owner is built through total return swaps Kenneth Dart, the heir to...
MGM and IAC Reach Voting Agreement Over Influence And Board
Barry Diller’s IAC and MGM Resorts reached a voting agreement under which the media company’s influence will be limited in certain circumstances In exchange, IAC is guaranteed two board seats IAC owns approximately 23% of MGM shares Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC)...
New Study Suggests 84% of Polymarket Traders Aren’t Profitable
That’s worse than a prior study indicating 70% of the prediction market’s traders lose money New study says just 2% of Polymarket traders have made more than $1,000 Less than a third of a percent made more than $10,000 Various studies indicate...
Kalshi Data Will Be Featured on Fox Cable Channels
Kalshi scores another high-level media partnership Its prediction markets data will be featured on multiple Fox cable outlets Another Murdoch-owned media company has an agreement with Polymarket Fox Corp. (NASDAQ: FOXA) and Kalshi announced today, April 7, that the prediction market operator’s...
MGM Stock Risk/Reward Points to Upside, Says Analyst
Las Vegas Strip growth likely to be a second half story That growth can be achieved without a resurgence among value customers Analyst says MGM’s digital, regional casino and Macau businesses are healthy MGM Resorts International (NYSE: MGM) stock is higher by...
Flutter Stock Called an Undervalued Consumer Cyclical Name
The stock is off 51% in 12 months It trades a deep to discount to a research firm’s fair value estimate Analyst sees compelling long-term outlook With the stock off 50.91% over the past year, it might be difficult for some market...
Kalshi Lands 3 Trump-Appointed Judges in Ninth Circuit Case
It’s a consolidated case also involving Crypto.com and Robinhood The case is those prediction market operators’ appeal on a Nevada court ruling declaring event contracts to be a form of betting Kalshi scored a big win today in the Third Circuit Court...
