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Todd Shriber
5695 stories by Todd Shriber
DraftKings Hit with ‘Sell’ Rating on ‘Dramatic’ Prediction Markets Threat
BNP Paribas initiated coverage of DraftKings with an equivalent of a “sell” rating Analyst Charlie Muir-Sands cites the prediction markets threat He’s the only sell-side analyst to rate the gaming stock a “sell” DraftKings (NASDAQ:...
Caesars Stock Bounces on News Banks Are Arranging Financing for Fertitta Takeover
The Financial Times suggests banks are working on up to $5 billion in financing Fertitta would use to acquire Caesars Entertainment That’s in addition to an equity component of as much as $3 billion Morgan...
Better Markets: ‘Hard to Believe’ Supreme Court Wants CFTC to Regulate Sports Betting
Better Markets asserts that the PASPA repeal made sports wagering a states’ rights issue, leaving no room for federal intervention The group accuses the CFTC of attempting to regulate sports betting while "excluding the experience...
Healthcare Group: The Rising Mental Health Toll of Sports Betting and Prediction Markets
Baptist Health South Florida says prediction markets, sports wagering can have mental health consequences Accessibility is part of the problem May is National Mental Health Awareness Month May is National Mental Health Awareness Month, and...
The Crypto Canary: Why This Sports Betting ETF is a High-Precision Lead Indicator for Bitcoin
The 365-day correlation between the Roundhill Sports Betting & iGaming ETF (BETZ) and Bitcoin is a massive 0.91. Statistically, this means roughly 83% of the price variation in these two assets is linked. Historically, BETZ...
Cathie Wood’s ARK Boosts Kalshi Stake in Recent Funding Round
Kalshi’s valuation has soared to $22 billion following a fresh $1 billion capital injection The ARK Venture Fund participated in the latest raise, aligning with its "disruptive innovation" mandate ARK is aggressively increasing its exposure,...
The Wait is Over: Polymarket Begins Staged U.S. Rollout
The waitlist is dead—US users can now download Polymarket on iOS and start trading immediately. The platform is currently an iPhone-only affair, with no confirmed date for an Android release. Despite the regulatory hurdles, Polymarket...
NGCB Denies Forcing Prediction Market Event Out of Las Vegas
Event organizers claim regulators bullied a casino hotel into canceling their high-profile gathering. The NGCB denies any involvement in the cancellation, calling the claims "unfounded." Following the fallout, the conference is officially relocating to the...
Caesars Stock Slumps as Investors Fret About Lack of Takeover News
Caesars stock dropped by almost 9% on a slow news day Some market participants are speculating it’s because of lack of updates regarding a takeover A discouraging inflation reading likely played a part, too Caesars...
New Hampshire Dem Calls for Federal Probe of Prediction Market Trading
Pappas wants Oversight Chair Comer to look into insider trading on prediction markets Calls for subpoenaing of operators’ internal records Says numerous “suspicious” trades have been placed involving the war in Iran A New Hampshire...
