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Todd Shriber
5638 stories by Todd Shriber
New York Judge Rejects Kalshi’s Claim That Federal Law Trumps State Gambling Rules
Kalshi suffered a legal setback in New York after a federal judge ruled the federal swaps laws don't supersede state gaming regulations. A federal judge in New York ruled Kalshi won't be able to prove...
‘Big Short’ Investor Michael Burry Buys Stakes in DraftKings, Flutter
Michael Burry is betting big on sports wagering stocks, revealing today that he’s initiated long positions in DraftKings (NASDAQ: DKNG) and FanDuel owner Flutter Entertainment (NYSE: FLUT). Famed investor Michael Burry revealed he's long DraftKings...
Icahn Caesars Offer Unlikely to Thwart Fertitta Bid
Shares of Caesars Entertainment (NASDAQ: CZR) pulled back slightly on Wednesday (July 8), giving up some of the previous session's gains as Wall Street weights the steep logistical hurdles facing billionaire Carl Icahn’s potential 11th-hour...
Macquarie: Kalshi Notional Volume Reaches $33 Billion in June
Total prediction market volume exploded to more than $50 billion last month, fueled primarily by the start of the World Cup, according to a new report from Macquarie. Prediction market volume swelled in June with...
Caesars Stock Rises as Carl Icahn Eyes Rival Bid to Top Fertitta
Shares of Caesars Entertainment (NASDAQ: CZR) staged a modest late-day rally following reports that Carl Icahn is prepping a takeover bid to top Tilman Fertitta’s agreed-upon $17.6 billion acquisition. Activist investor is reportedly gearing up...
Steve Wynn Slashes Prices on L.A. and NYC Mansions to Finally Break Even
Former casino mogul Steve Wynn has slashed prices on his posh Beverly Hills and New York City residences in an eager bid to quickly unload the properties, though he is unlikely to even break even...
Ohio Lawmakers Introduce Bill to Ban Online Sports Betting
If signed into law, a bill introduced last week by Ohio Republicans would make the state the first in the nation to repeal legal online sports betting. Ohio could dramatically alter its sports betting landscape,...
Fertitta Execs Could Field Caesars Takeover Questions at NGCB Meeting
Two high-ranking executives from Fertitta Entertainment Inc. (FEI), the company with an acquisition offer on the table for Caesars Entertainment (NASDAQ: CZR), will appear before the Nevada Gaming Control Board (NGCB) on Wednesday, July 8....
Sands, Wynn Price Targets Cut as Macau GGR Softens
The World Cup’s dampening effect on Macau’s June gross gaming revenue (GGR) has prompted an analyst to trim price targets for Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN). The Venetian on the...
Kalshi Becomes Only Prediction Market to Crack World Cup Brand Power List
While the 48-team World Cup is driving historic trading volume on Kalshi, the tournament is yielding an equally critical win for the prediction market: a massive surge in mainstream brand equity. The World Cup is...
