Main menu
Todd Shriber
5695 stories by Todd Shriber
Masters Hits Big on Kalshi: Golf Winner Becomes 2nd-Most Bet Event Ever
Golf’s first major of the year was the most bet on sporting event in Kalshi history That’s on the basis that volume generated by the Super Bowl was spread across a slew of derivatives The...
Missouri Sports Betting Defies Odds With Record Start and Zero Cannibalization
Missouri is one of the best online sports betting launches in recent memory That’s happening with reduced promotional spending by operators Analyst says there’s little evidence of prediction markets cannibalization Since its December debut, Missouri...
Robinhood Imposes Restrictions on Prediction Markets
Robinhood wants to clampdown on potential insider trading It won't offer certain event contracts that are vulnerable to manipulation Event contracts are big business for the online broker Robinhood Markets (NASDAQ: HOOD) will keep with...
‘Embodying Complexity’: Why a Caesars Takeover Could Be a Risky Bet
A potential takeover of Caesars Entertainment has a lot of moving parts Those include possible outcomes for VICI Properties, the owner of Caesars real-estate Analyst says the outcome for Caesars is one of the most...
FanDuel Temporarily Halts Illinois Per Bet Fee
The sportsbook operator is waiving its 50-cent surcharge on sports bets placed in Illinois through June 19 A two-tiered levy on bets went into effect last July Legislation has been tabled to repeal the levy...
Judge Blocks Arizona From Regulating Kalshi Prediction Markets
Federal judge temporarily prohibits Arizona from enforcing gaming laws against Kalshi Says Commodities Exchange Act (CEA) grants CFTC regulatory power over swaps CTFC rails against Arizona attempts to "weaponize" state law against federal law with...
SharpLink Shares Lifted By TD Cowen ‘Buy’ Rating
Shares of Ethereum treasury firm bounced as TD Cowen started coverage with a “buy” rating Price target of $16 implies stock can more than double SharpLink is one of the largest corporate owners of Ethereum...
Report: Sportsbook Heavyweights Give $48M To Pro Sports Betting Super PAC
Sports Betting Alliance members including DraftKings and FanDuel have funneled $48 million into the Win for America super PAC The committee directs cash to state PACs It came under scrutiny in Alabama DraftKings (NASDAQ: DKNG),...
Bank Of America: Sports Event Contracts Could Generate $1.1T in Volume
Bank of America estimates sports event contracts on prediction markets could eventually hit $1.1 trillion in annual volume That would result in revenue of $10 billion, assuming 1% commissions Report sent sports betting stocks tumbling...
Charles Schwab: Prediction Markets And Betting Blurring Lines with Investing
Brokerage firm echoes refrain voiced by other betting, prediction market critics Schwab says those that are most drawn to sports betting are those that can least afforded the related losses Asset manager says bettors are...
