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Todd Shriber
5638 stories by Todd Shriber
Caesars Says ‘No’ to Prediction Markets…For Now
CEO Reeg says prediction markets are gambling Says company won’t participate in the industry in the current regulatory environment He’s open to it down the road if more regulatory clarity emerges Count Caesars Entertainment (NASDAQ:...
Kalshi, Tradeweb Team Up to Expand Institutional Access to Prediction Markets
Tradeweb is also taking a stake in Kalshi The two companies will explore “an institutional-focused portal for event contracts” Partnership could bolster Kalshi’s footprint among institutional traders Tradeweb Markets (NASDAQ: TW), which runs electronic markets...
Nevada Sues Kalshi, Says It’s Engaging in ‘Unlawful Behavior’
A 9th Circuit Court ruling paves the way for Nevada to block Kalshi from doing business there The Gaming Control Board filed a civil enforcement action against the prediction market firm Board says Kalshi is...
Political Prediction Market ETFs Gain Momentum With New Filings
Bitwise, GraniteShares throw hats into prediction markets ETF ring Funds appear similar to previously pitched products SEC hasn’t approved these ETFs The prediction markets industry is fiercely competitive and the same is true of the...
Circa Las Vegas to Host “Bitcoin Takeover” in April
Circa is sponsoring a three-day Bitcoin takeover event at the downtown Las Vegas casino The event coincides with a major cryptocurrency conference taking place at a Strip integrated resort Circa has a longstanding embrace of...
Einhorn Reduces Penn Entertainment Holdings as Shares Slip
DME Capital sold nearly 700,000 shares of Penn Entertainment in Q4 The hedge fund was also likely a seller of the regional casino stock in the prior The money manager still owns more than six...
Rush Street Interactive Execs Sell Shares, Pare Down Stock Holdings
CEO Schwartz engages in largest sale to date COO Stetz also sold shares The stock is down 17.50% year-to-date High-ranking executives at Rush Street Interactive (NYSE: RSI) have recently been cutting their exposure to the...
Super Group Accused of Misleading Investors by Spruce Point
Bearish research firm alleges Super Group is improperly booking revenue from a South African subsidiary The short seller says the gaming company claims to own 100% of the unit when documents indicate it does not...
Bettors Given Prediction Market Edge By New Tool to Fade Losers
Traditional copy trading tools only allow users to follow other bettors and traders Stand is taking the opposite approach It could work because most prediction market traders lose money Sports bettors know about the notion...
New Political Prediction Market ETFs Could Give Bettors an Edge
Fund sponsor files for six ETFs that would track domestic political prediction markets The ETFs haven’t been approved as of yet Roundhill is the company behind a well-known sports betting ETF Bettors and traders focusing...
