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Todd Shriber
5750 stories by Todd Shriber
Retail Traders Lose Out to ‘Sharks’ on Prediction Markets, Says Analyst
Fresh data confirm that retail traders on prediction markets are losing more than sports bettors Sharp bettors are utilizing prediction markets to their advantage Crossover players aren’t valuable sportsbook clients, says analyst New data confirm...
Betting Stocks Rally on Senate Bill Aiming to Halt Sports Prediction Markets
Shares of DraftKings, Flutter, and rivals popped on Monday on news of a Senate bill that would prohibit sports event contracts The bill will reportedly be introduced by a Democrat and a Republican, confirming bipartisan...
5% Federal Sports Betting Tax Could Raise Nearly $100B, Says Policy Group
The federal tax on sports wagering is just 0.25% today If it was raised to 5%, it’d generate $97 billion in revenue over a decade At 5%, it’d be the fifth-largest federal excise tax Plenty...
Kalshi Facing Temporary Nevada Ban Following Court Ruling
Nevada court issues 14-day temporary restraining order against Kalshi The order bars from Kalshi from offering entertainment, political and sports event contracts in the state It’s the first time a state has forced a prediction...
Regional Casino Consumers Proving Resilient as Gas Prices Surge, Says Analyst
Even consumers on the low end are showing strength Analyst likes Churchill Downs, Penn Entertainment The national average gas price is $3.91 per gallon, according to AAA The conflict in Iran sent the national average...
BetMGM ‘Optionality’ Could Be Imminent for Entain, Says Analyst
Entain could be ready to make a decision on the fate of its 50% interest in BetMGM Jefferies analyst says BetMGM “standalone capability” could emerge as soon as Q2 That would provide Entain with flexibility...
Kalshi Raises $1 Billion, Sends Valuation Soaring to $22 Billion
Kalshi reportedly raised $1 billion That doubles the prediction market operator’s valuation to $22 billion That doubling occurred in less than four months Kalshi has reportedly procured $1 billion in fresh capital, sending its valuation...
Kalshi Traders See 80% Chance Caesars Is Acquired This Year
Kalshi traders broadly expect Caesars will be taken over in 2026 The event contract is currently 80% in the “yes” camp, but that’s off the high of 91% Takeover chatter pertaining to the casino giant...
Super Group Stock Has Potential Upside of Nearly 51%, Says Analyst
The once-hot stock has been in a funk this year Super Group could benefit from the World Cup Analyst says markets don’t fully comprehend the Africa opportunity set Super Group (NYSE: SGHC) stock has the...
61% of Americans Say Prediction Markets Are Gambling
That’s nearly 8x the amount that view event contracts as investing 41% use prediction markets to make money Young men are nearly twice as likely to participate in sports betting and prediction markets as the...
