5173 stories by Todd Shriber
AQR’s Cliff Asness Hints the Hedge Fund May Enter Sports Betting
Billionaire investor said hedge fund could examine sports betting He admitted to cynicism regarding online sports wagering He didn’t elaborate on how AQR could get involved AQR Capital Management, the hedge fund co-founded by Cliff Asness, is mulling entry into the world...
Illinois Sports Bets Plunge by 5 Million as Operators Respond to Higher Taxes
Trade group backing sportsbooks says per-bet fees are leading to fewer wagers Handle did not decrease; it rose year over year Operators imposed per-bet fees and minimums in response to tax increase The Sports Betting Alliance (SBA) of Illinois, a trade association...
Cboe Makes Prediction Market Move, Leaves Sports Out for Now
Exchange operator is the latest to enter prediction markets arena. Sports event contracts aren’t in the cards. Cboe prediction platform expected to launch in the coming months. Cboe Global Markets (BATS: CBOE) is planning to roll out its own prediction markets platform,...
Polymarket Becomes Official Prediction Market of UFC
Polymarket now exclusive, official prediction market of UFC and Zuffa Boxing Adds to growing list of marquee deals for Polymarket Hardly a day goes by without Polymarket announcing a new deal or partnership with a sports league or well-known brand, with Thursday...
Golden Entertainment Investor Says Buyout Offer ‘Woefully Inadequate’
Everbay Capital calls Sartini-led buyout “opportunistic” Says offer exploits recent weakness in Golden's stock price Investor believes Golden’s board is forcing shareholders to accept a raw deal Golden Entertainment (NASDAQ: GDEN) CEO Blake Sartini’s $30 a share offer to take the casino...
DraftKings, FanDuel Scrap Nevada Push to Chase Bigger Market Play
Moves are parts of agreements with Nevada Gaming Control Board (NGCB). Regulator is heavily opposed to prediction markets. Neither company offers sports betting in the state. Flutter Entertainment’s FanDuel will surrender its Nevada licenses and DraftKings will drop pursuit of related permits...
CME and FanDuel Launch New Event Contracts With Sports Twist in December
The companies announced a joint venture in August. FanDuel Predicts app will launch in December. App will feature sports event contracts in states where sports wagering isn’t permitted. CME Group (NASDAQ: CME) and FanDuel said today their previously announced prediction markets partnership...
DraftKings President Matthew Kalish Leaving Company in 2026
He’s one of three co-founders of the sportsbook operator His tenure as president will end on March 31, 2026 He’ll remain on the gaming company’s board of directors DraftKings co-founder and President Matthew Kalish is departing the company, meaning that come next...
Penn Entertainment CEO Buys $500K Worth of Casino Stock
Penn CEO Snowden buys stock following post-earnings dip He bought 34,700 shares, boosting his holdings to more than 1.11 million Investors remain critical of stock’s performance under his leadership Penn Entertainment (NASDAQ: PENN) CEO Jay Snowden took advantage of a post-earnings decline...
eToro in Talks with Kalshi, Polymarket as it Eyes Prediction Markets
Brokerage firm says it’s in talks with prediction markets giants Says futures market expansion provides infrastructure for event contracts Sees some intersection with cryptocurrency eToro Group (NASDAQ: ETOR) could be preparing to join the ranks of brokerage houses in the prediction markets...
