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Todd Shriber
5750 stories by Todd Shriber
Report: Prediction Market Kalshi Mulls Long-Term IPO After $22B Valuation Surge
Kalshi reportedly considering an initial public offering (IPO) It’s believed that won’t happen until late next year or early 2028 The company was recently valued at $22 billion Kalshi, the largest regulated prediction market in...
Schwab Joins Prediction Market Party, But Sports and Politics Aren’t on the Agenda
Charles Schwab is entering the prediction market business with yes/no derivatives on the S&P 500 Index The US brokerage firm is partnering with Cboe Global Markets Sports event contracts not part of the equation Charles...
Churchill Downs’ $85M Preakness Bid Thwarted by Maryland
The state of Maryland is exercising its right to buy the intellectual property rights of the Preakness Stakes Churchill Downs previously bid $85 million for those assets The state merely matched the gaming company’s offer...
DraftKings Prediction Volume Spikes 90% as World Cup Ignites Platform
The ongoing World Cup has driven an 87% surge in trading volume on the DraftKings Predictions platform since the tournament kicked off The global soccer event is serving as a massive customer acquisition vehicle, with...
GOP Rep. Steil Introduces Trump-Backed Bill to Ban Lawmakers From Prediction Markets
Steil, a Wisconsin Republican, introduces a provision to ban members of Congress and their families from trading political event contracts The proposal has the support of President Trump and House Speaker Mike Johnson Some political...
Stifel: Kalshi Commands 90% of U.S. Prediction Market, But Rivals Are Closing In
Kalshi continues holding dominant share of US prediction markets Regulated prediction volume jumped 21% to $20.4 billion in May DraftKings, Polymarket and others adding to already ultra-competitive landscape, with more parties looking to join in...
PENN Entertainment Shareholders Back Board Declassification Proposal
PENN Entertainment investors approve union proposal to declassify casino operator’s board of directors, pushing for annual elections instead of staggered multi-year terms This marks the second time in the company's history that investors have backed...
Crypto-Driven Trades Push Prediction Market Volume to New Heights
Sports are still the primary driver of prediction market volume However, fast resolution cryptocurrency trades are gaining momentum Some critics assert those trades are another form of gambling While sports event contracts remain the primary...
Novig Secures Historic CFTC Nod for 50-State Prediction Market
The CFTC has granted Novig Designated Contract Market (DCM) status, allowing it to bypass state-by-state licensing and launch a regulated sports prediction exchange across all 50 states Approved in just five months, the quick turnaround...
Coinbase Upgrades Prediction Suite With ‘Crypto Binaries’ and Parlay-Style Combos
The cryptocurrency brokerage is adding combos or parlays to its prediction market offering It’s adding timed crypto trades to the mix Coinbase partners with Kalshi Coinbase Global (NASDAQ: COIN) today (June 16) announced an expansion...
