5488 stories by Todd Shriber
Barry Diller’s IAC Rebrands as People Incorporated, Sharpening Focus on Publishing and MGM
Reconfiguration of IAC will allow for more emphasis on MGM stake Diller calls MGM one of his company’s “core” assets He reiterates view that MGM stock is undervalued Barry Diller is reconfiguring IAC/InterActiveCorp (NASDAQ: IAC) with pending changes resulting in a sharper...
Can Regulators Stop Prediction Market Insider Trading? Most Americans Say No
New poll says majority of Americans believe the industry cannot wipeout insider trading Respondents are concerned about insider trading around elections, military actions Prediction markets also face an awareness gap A mobile phone shows an app download for Kalshi, an online prediction...
CME Group Sees Record Prediction Market Growth as US Traders Pile In
Exchange operator says event contracts volume topped $220 million Reiterates sports derivatives aren’t the goal of partnership with FanDuel Company says FanDuel’s FCM application doesn’t alter relationship CME Group (NASDAQ: CME) is achieving rapid success in the prediction markets space by carving...
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 stock is down 80.41% over the past...
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” makeup significant majority of Polymarket traders Prediction...
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 in the betting world: Greenlight Commodities has...
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 overall system To the surprise of no...
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 “neutral” for GLPI Gaming and Leisure Properties...
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 a new proposal that would explicitly ban...
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 on a massive M&A war chest—but the...
