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Todd Shriber
5638 stories by Todd Shriber
HG Vora, Thorn in Penn Entertainment’s Side, Secures Nevada Gaming License
HG Vora founder Parag Vora has secured a Nevada gaming license following a regulatory review The activist hedge fund had been locked in a lengthy proxy battle and legal dispute with Penn Entertainment The standoff...
Las Vegas Sands Stock Punished Too Harshly, Has Major Tailwinds
Las Vegas Sands stock is down 28.6% year-to-date That implies it’s being treated more like a US-centric operator It also implies markets may be overlooking the company’s grip on the Singapore casino market Shares of...
Bernstein: Kalshi, Polymarket May Become Takeover Candidates
Research firm says increased vertical integration in the prediction market industry could spark consolidation Kalshi, Polymarket lag in distribution, potentially making them acquisition targets Bernstein also sees possibility of large-scale sportsbook M&A With vertical integration...
Moody’s Lowers Wynn Credit Outlook to Stable From Positive on High Leverage
Moody’s reduced its outlook on three Wynn Resorts entities to “stable” from “positive” The revision specifically targets the company's primary Las Vegas and Macau operating segments, alongside Wynn Resorts Finance The ratings agency pointed to...
DraftKings Launches In-House Prediction Exchange as Trading Volume Explodes
DraftKings has officially rolled out its proprietary, in-house prediction markets exchange, branded as DKeX The underlying technology and critical CFTC license powering the exchange were acquired through the company's previous deal for Railbird Technologies The...
As Kalshi Valuation Swells to $40B, Trump Jr. Set for Massive Equity Windfall
Donald Trump Jr received a $300,000 equity stake in Kalshi in early 2025 It’s compensation tied to his role as an adviser to the prediction market Kalshi was valued at $2 billion when it granted...
Kalshi, Tradeweb Partnership Kicking Into Gear
Tradeweb Markets rolls out a dedicated Kalshi pricing page, providing U.S. institutional clients with real-time, market-implied probabilities directly inside their active workflows The page will integrate Kalshi’s American Power Index (KPOW) in July, offering traders...
Prediction Market Volume Hits Record $14.4B as Non-Sports Contracts Explode
Weekly prediction market volume hit a record $14.4 billion, more than doubling the $5–$6 billion weekly baseline seen at the start of the year The milestone marks the third consecutive record week, as capital risk...
Caesars Stock Flirts with Buyout Price; Rival Bid Seen as Unlikely By Analysts
Caesars stock continues to edge closer to the $31.00 per share cash buyout offer presented by Fertitta Entertainment Under the terms of the definitive agreement, Caesars' contractually mandated "go-shop" window is set to expire on...
Kalshi CEO Confirms IPO Under Consideration as $40B Valuation Rumor Surfaces
Kalshi co-founder and CEO Tarek Mansour confirmed the prediction market platform is in the early stages of planning an IPO Mansour ruled out a public listing for 2026, noting that a debut is more realistic...
