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Todd Shriber
5638 stories by Todd Shriber
Kalshi Creating Problems for DraftKings, Says Bear Cave
Kalshi execution beating DraftKings Consumers “are voting with their fingertips,” says Dorsey Kalshi more appealing to sharps, whales Shares of DraftKings (NASDAQ: DKNG) are off 5.1% today after a research firm published a report noting...
Opinion On-Chain Prediction Market Raises $20 Million
Company raised $20 million in a pre-Series A round The platform isn’t available in the US… …But it’s one of the largest prediction markets in the world Opinion Labs, the company behind the Opinion Trade...
Coinbase Sues Attorney General and Nevada Gaming Board
The Nevada Gaming Control Board is suing Coinbase to prevent it from offering sports event contracts in the state Coinbase quickly responded with a suit of its own Company calls Nevada action a manufactured emergency...
MGM, Entain Rally as BetMGM Posts First Profitable Year
The gaming stocks soared Wednesday as BetMGM delivered estimate-beating 2025 results Net gaming surged 33% to $2.8 billion Company reiterates $500 million 2027 EBITDA target Shares of MGM Resorts International (NYSE: MGM) and Entain Plc...
Crypto.com Announces Standalone Prediction Market, Includes Margin Trading
Platform will be the first of its kind to offer margin trading Announcement comes amid explosive prediction markets growth for the company Analyst sees industry volume topping a trillion contracts in 2027 Crypto.com said today...
Robinhood Expands Event Contracts Menu Ahead of Super Bowl
Brokerage firm adds a slew of new event contracts extending beyond sides, totals More contracts expected to launch this week Company also adds derivatives tied to advertisers, halftime show Robinhood Markets (NASDAQ: HOOD) today announced...
New York AG James Warns Consumers on Prediction Markets
She says prediction markets lack same protections as regulated betting avenues James adds prediction markets are essentially unregulated gambling outlets Just days before Super Bowl LX, New York Attorney General Letitia James (D) is warning...
Burry Floats MGM, Wynn as Plan B Acquisition Ideas for GameStop
The famed investor has been building a stake in the video game retailer GameStop CEO Cohen confirms company is hunting for a big acquisition Burry suggests MGM, Wynn as possible alternatives to another potential GameStop...
Wynn Credit Rating Still Junk, Outlook Stable with Strong Liquidity
Fitch affirms Wynn’s credit rating as non-investment grade Says outlook is stable and liquidity is sturdy UAE casino hotel doesn’t factor into rating Fitch Ratings affirmed Wynn Resorts (NASDAQ: WYNN) credit rating at BB-, a...
Prediction Markets, Sports Betting Thorns in Bitcoin’s Side
Growth of speculative markets may be pulling attention away from Bitcoin Demand for instant gratification luring some bettors, traders to more speculative markets Many crypto investors were early adopters of sports wagering and prediction markets...
