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Todd Shriber
5640 stories by Todd Shriber
Bally’s Owner Standard General Could Make Run at CNN
Report suggests a Warner Bros. Discovery investor reached out to Soo Kim about potentially acquiring that company’s cable networks, including CNN. Kim founded Standard General, the hedge fund that owns Bally’s. The money manager is...
Illinois Sports Betting Tax Resulting in Fewer Bets, More Revenue for State
Illinois' per-bet tax is leading to reduced betting and more revenue for the state Other states unlikely to follow suit, says research firm Acknowledging the data should be consumed with grains of salt, a research...
Rep. Hamadeh Says CNN/Kalshi Deal Threatens ‘Market Integrity, National Security’
CNN and Kalshi announced a partnership earlier this month Arizona congressman presses CFTC for answers on the deal Says CNN has a history of “partisan manipulation” Earlier this month, CNN and Kalshi announced that they’re...
Coinbase Latest Big Brokerage Name to Enter Prediction Markets
Widely expected announcement arrived Wednesday. Cryptocurrency brokerage firm said it’s partnering with Kalshi. Coinbase is also adding stocks and tokenized assets to its platform. As was widely expected, cryptocurrency broker Coinbase Global (NASDAQ: COIN) announced...
Wynn UAE Casino Could Be Company’s Biggest Profit Driver
Wynn Al Marjan Island could eventually become biggest profit contributor to parent company, say CBRE analysts Venue could generate up to $230 million in annual licensing fees UAE casino could become the largest fee contributor...
Robinhood Leans Into Parlays, er, Combos in Prediction Markets Push
Robinhood discussed “prediction markets reimagined” at Tuesday event. Sports event contracts were front-and-center. Company unveiled new and upcoming parlay, player prop offerings. At a Tuesday investor event, Robinhood Markets (NASDAQ: HOOD) discussed “prediction markets reimagined”...
Tribal Casino Leaders Push for Increased Oversight of Prediction Markets
At least one tribal gaming leader says sports betting through predictions violates laws He says the CFTC and the Commodities Exchange Act (CEA) don’t shield prediction markets from those violations A California tribal gaming leader...
Las Vegas Sands Rating, Price Target Lifted by Goldman Sachs
Analyst says Marina Bay Sands has momentum Expects Sands to buy back $2 billion worth of shares Goldman analyst is also bullish on Wynn Resorts Already one of 2025’s best-performing casino stocks, Las Vegas Sands...
Underdog Lost Arizona DFS License Due to Prediction Markets. Others Could Be Next.
Last week, Arizona pulled Underdog’s fantasy sports license amid the company’s prediction markets push. Analyst says Fanatics, PrizePicks at risk of similar fate. DraftKings, FanDuel appear safe in the state. Last week, Arizona regulators yanked...
Robinhood Prediction Markets Entry Threatens DraftKings, FanDuel, Says Analyst
Robinhood plans to unveil its prediction market platform at a Dec. 16 investor event. Company could highlight less dependence on Kalshi. Analyst says competitive threat to sportsbook operators could be emerging. On Tuesday, Robinhood Markets...
