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Todd Shriber
5696 stories by Todd Shriber
DraftKings Post-Earnings Slide Takes Stock to Lowest Levels Since April 2023
DraftKings stock plunges after company issues weak 2026 revenue guidance It forecast sales of $6.5 billion to $6.9 billion Analysts were expecting $7.3 billion Shares of DraftKings (NASDAQ: DKNG) in after-hours trading Thursday following a...
Polymarket Token Launch Could Be Imminent
Social media chatter indicates prediction market giant could soon launch native cryptocurency Company recently made patent filings for the “POLY” token Cryptocurrency and prediction markets traders alike may soon have something to cheer as it...
Prediction Markets Aren’t Taking Share from Legal Sports Betting, Says ARK
Cathie Wood’s investment firm says prediction markets aren’t taking sizable share from legal sportsbooks Rather, “regulatory arbitrage” is at play DraftKings deposits outpace Kalshi in states where both are legal Prediction markets notched massive turnover...
Michigan Governor Proposes New Sports Betting & Casino Tax Hikes to Fund Medicaid
Michigan governor wants to duplicate the per bet tax scheme employed by nearby Illinois The Illinois policy resulted in fewer bets being placed and operators passing costs onto bettors Whitmer also wants to scrap promo...
Red Rock Unveils Another Special Dividend, Updates Las Vegas Spending Plans
Company forecast 2026 spending of up to $425 million, including Durango, Green Valley Ranch, and Sunset Station expansions Those projects are on time and on budget Red Rock declared a special dividend of $1 per...
PrizePicks Founder Adam Wexler Gifted Six-Figure Watch from Poker Legend Phil Hellmuth
The Tourbillon watch is a gift for PrizePicks selling a majority stake to Allwyn That deal values the company at up to $4.15 billion Hellmuth was an early PrizePicks investor Poker legend Phil Hellmuth sure...
FanDuel Founder Eccles Says Kalshi Traveling Same Road as Juul, Skillz
FanDuel co-founder says Kalshi needs to pull back or risk meeting a similar outcome to that of vaping company Juul He says Kalshi advertising is aggressive and likely to be ineffective He also made comparisons...
Las Vegas Sands Gets Credit Rating Upgrade on Strong Singapore Performance
Fitch takes Sands one notch further into investment-grade territory Ratings agency says outlook is “stable” Cites strong performance at Marina Bay Sands Las Vegas Sands (NYSE: LVS), the largest casino operator as measured by market...
Kalshi Super Bowl Volume Tops $1B Helped by Non-Sports Contracts
Kalshi notched north of $1 billion in volume on Super Bowl Sunday The company’s Super Bowl week volume reached $2.8 billion Bettors leaned into non-sports contracts, including $100 million on Bad Bunny’s first song during...
Mark Cuban Could Buy Back Dallas Mavericks From Las Vegas Sands Boss
Well-known NBA reporter says an investor group wants to work with Mark Cuban to reacquire the Dallas Mavericks Patrick Dumont, the soon-to-be CEO of Las Vegas Sands, probably isn’t looking to sell Cuban Sold a...
