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Todd Shriber
5638 stories by Todd Shriber
Cathie Wood’s Ark Innovation ETF Just Completely Exited DraftKings
Cathie Wood’s flagship ARK Innovation ETF (NYSE: ARKK) has completely eliminated its position in DraftKings (NASDAQ: DKNG), marking a definitive exit from the sports betting giant. ARK Investment Management founder Cathie Wood. The firm's largest...
Jefferies: Prediction Market Daily Volume Surges 80% in June, Sports Accounts for 89%
With a big assist from sports event contracts, average daily volume (ADV) across the prediction market industry swelled 80% on a month-over-month (m/m) basis in June, reaching $1.7 billion, according to latest Jefferies data. Kalshi's...
Deutsche Bank: World Cup Betting Handle Pacing Ahead of Estimates
The World Cup’s field of 16 will be officially set following three matches on Friday (July 3), but it’s already clear that the most prestigious soccer tournament is driving increased betting handle for sportsbook operators....
Cboe Pushes To Allow Legal Bets On Corporate Earnings Reports
Cboe Global Markets (BATS: CBOE) is asking regulators for permission to launch a new class of derivatives that allow investors to trade directly on corporate earnings and economic data. The Cboe Global Markets logo. The...
Prediction Markets Coalition Accuses AGA, States of ‘Collusive’ Behavior
The Coalition for Prediction Markets (CPM) claims there is “troubling evidence” that state gaming regulators are working hand-in-hand with the casino lobby to systematically shut down event contract platforms. The Coalition for Prediction Markets is...
Brightstar Lottery Stock Hits the Jackpot With Deutsche Bank ‘Buy’ Rating
Brightstar Lottery (NYSE: BRSL) stock hit its own jackpot Wednesday (July 1), climbing sharply on the heels of Deutsche Bank analyst Steven Pizzella initiating coverage with a shiny $15 price target. The Brightstar Lottery logo....
MGM China Buys Parent’s Mainland Hospitality Arm for $20M
MGM China paid $20 million to acquire MGM Asia-Pacific Ltd from its parent company, paving the way for the Macau casino operator to expand its mainland hospitality footprint. MGM China is acquiring a hotel management...
SEC Weighs Overhaul of ETF Rules as Prediction Market Funds Loom
The Securities and Exchange Commission (SEC) is seeking public feedback on "novel" exchange-traded funds (ETFs), a regulatory move triggered by a recent surge in filings for ETFs tied to political prediction markets. The Securities and...
Meta Explored Kalshi Acquisition Before Pivoting to In-House ‘Arena’ App
Meta CEO Mark Zuckerberg personally met with Kalshi CEO Tarek Mansour in 2025 to discuss a potential takeover of the prediction market platform The informal talks broke down over valuation disputes and internal Meta concerns...
60% of Polymarket Traders Are Crypto Newbies
A Bitget Wallet study reveals 60% of active Polymarket users had no prior onchain trading history As a decentralized and crypto-native prediction market, the platform allows users to wager on real-world outcomes without deep blockchain...
