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Todd Shriber
5645 stories by Todd Shriber
Penn Entertainment Faces Investor Pressure to Slash CEO Snowden’s $26M Pay Package
Following discussions with shareholders, Penn is poised to lower CEO Snowden’s 2026 pay The compensation committee is proposing a 41% reduction in his long-term incentive plan (LTIP) and a 31% overall cut to remuneration The...
Why Prediction Markets Struggle to Harness the Wisdom of the Crowd
Just 3% of Polymarket traders account for the bulk of accuracy on the platform, according to a new study The rest of the traders aren’t providing accuracy, but they’re funding it, says study “Unlucky losers”...
The Big Money Has Arrived: Greenlight Commodities Just Placed the First Institutional Bet on Prediction Markets
Trade was placed on Kalshi Trade arrives as prediction market operators are wooing more business from professional investors It involved the outcome of an upcoming California Air Resources Board (CARB) auction History has been made...
Vanguard CEO Brands Prediction Markets A Form of ‘Financial Exploitation’
Vanguard CEO latest asset manager leader to say clear distinctions must be made between investing and gambling Ramji claims prediction markets focus on engagement, not outcomes He believes prediction markets can harm investors and the...
GLPI Doubles Down on Caesars Leases While Remaining Cautious on Takeover Rumors
The casino REIT isn’t alarmed by a drop in rent coverage at some Caesars properties It’s not clear if prospective Caesars suitors need property owners’ consent for a takeover Such a deal would likely be...
Can Senators Bet on Their Own Bills? A New Crackdown Could Shut Down Prediction Market Trading for Congress
Bernie Moreno introduced a resolution to bar senators from trading on prediction markets Resolution looks to modify existing rules It could gain bipartisan support Senator Bernie Moreno (R-OH) is taking aim at political wagering with...
Boyd Gaming Has the ‘Financial Firepower’ for a Huge Acquisition, But There’s a Catch
Boyd Gaming is open to acquisitions… …But the regional casino operator is taking a selective approach CEO Keith Smith says company has looked at potential deals Flushed with cash, Boyd Gaming (NYSE: BYD) is sitting...
Wisconsin Just Legalized Sports Betting—And Now It’s Launching a Legal War on Prediction Markets
Wisconsin Department of Justice is suing five prediction market operators The state claims those platforms offer illegal sports wagering The suit was unveiled just two weeks after the state approved a tribal sports betting bill...
BetHog Secures $10M War Chest to Scale AI-Powered Live Dealers Across Global Online Casinos
BetHog was co-founded by FanDuel founder Nigel Eccles Six investors participated in the financing round Company has now raised $16 million BetHog, the crypto-casino co-founded by FanDuel founder Nigel Eccles, has raised $10 million in...
Churchill Downs Shares Rise as Kentucky Derby Expected to Generate Extra $20M in Earnings
Gaming company forecasts year-over-year Kentucky Derby EBITDA increase of $15 million to $20 million CEO Bill Carstanjen says Derby Week 2026 expected to outpace last two years CFO Marcia Dall confident in growth forecast After...
