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Todd Shriber
5750 stories by Todd Shriber
JPMorgan CEO Hints at Caveated Prediction Markets Entry
JPMorgan Chase CEO Jamie Dimon says bank is mulling prediction markets entry If that happens, the bank will not offer political or sports event contracts He says there are a lot of other event contracts...
Diller’s IAC bolsters its MGM stake with $37m share deal
IAC recently boosted its MGM stake by one million shares Barry Diller’s company already owned about 23% of the casino giant The two latest transactions cost a combined $37.22 million Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC)...
Prediction Market Users Mostly Small, Act Like Day Traders
Median bet size on Polymarket is just $10 Analysis indicates average user on that platform trades 25 times per day That behavior is more consistent with active or day trading than sports betting Prediction markets...
Robinhood Could Reap Long-Term Growth from Prediction Markets
The brokerage house is a fast-growing prediction markets player Many of its clients are already sports bettors Analyst says prediction can contribute to company’s long-term growth Robinhood Markets (NASDAQ: HOOD) is already the de facto...
Kalshi Beating Sportsbooks on NCAA Tournament Pricing
Kalshi has consistently beaten sportsbooks on March Madness pricing Other prediction market platforms are lagging Analyst maintains view that prediction markets posed limited threat to sportsbook profitability Kalshi is getting it right in terms of...
Intercontinental Exchange Invests Another $600 Million in Polymarket
Exchange operator will also buy up to $40 million in Polymarket securities from existing investors ICE’s investment is part of Polymarket’s latest funding round ICE previously invested $2 billion in the prediction market at an...
Texas to Examine Prediction Markets in 2027 Legislative Session
Gov. Dan Patrick wants Texas State Senate to examine prediction markets next year Election event contracts mentioned in his list of priorities Sports wagering isn’t legal in the state In some form, the Texas State...
Fertitta Family Buys WNBA’s Connecticut Sun ahead of potential Houston relocation
It marks the return of the Houston Comets The transaction is reportedly worth $300 million Fertitta and his family also own the Houston Rockets Tilman Fertitta and his family are set to acquire the WNBA’s...
Kalshi Gets Green Light to Offer Margin Trading to Institutional Clients
Prediction market operator lands approval to offer margin trading The service will initially be limited to institutional investors It could bring more professional traders into prediction markets Kalshi could soon launch margin trading for institutional...
Red Rock Casino Construction Plans Could Be Pain Then Gain Scenario
Red Rock Resorts is enhancing or expanding several of its Las Vegas casinos Analyst says construction disruption is likely to be modest He projects significant upside for the stock Red Rock Resorts (NASDAQ: RRR) is...
