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Todd Shriber
5750 stories by Todd Shriber
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...
Flutter CEO Says ‘Generosity’ Dragged FanDuel Results, Bullish on Prediction Markets
Flutter CEO Peter Jackson admits FanDuel's aggressive promotional spending—or "generosity"—squeezed recent margins and left the operator with fewer active users than expected While the news follows the high-profile exit of FanDuel CEO Amy Howe, Jackson...
A Recipe for Disaster’: Why One Professor is Sounding the Alarm on the Ethics of Prediction Markets
A leading academic warns that the current explosion in prediction markets is engineered to create a new generation of losers Major questions are being raised about whether these markets are truly a level playing field...
Macquarie: DraftKings One of the Most Compelling Growth Stories in Gaming
After months of stagnation, DraftKings (DKNG) is finally flashing "buy" signals as the stock regains its upward momentum The company is reporting a massive breakthrough in its prediction market tech—a move that could revolutionize how...
AWS ‘Thermal Event’ Melts Down Coinbase and FanDuel in Massive Outage
Some FanDuel bettors complained about not being able to cash out The gaming company said the issue appears to be the result of a broader AWS outage Coinbase acknowledged “core” trading functions were limited due...
Wynn Reveals ‘Modest’ Delay in Opening UAE Casino
Wynn Resorts confirms there will be “modest” delay in opening UAE casino resort The venue was expected to debut in early 2027 Wynn didn’t set a new opening date, but will get into specifics in...
