5588 stories by Todd Shriber
eToro in Talks with Kalshi, Polymarket as it Eyes Prediction Markets
Brokerage firm says it’s in talks with prediction markets giants Says futures market expansion provides infrastructure for event contracts Sees some intersection with cryptocurrency eToro Group (NASDAQ: ETOR) could be preparing to join the ranks of brokerage houses in the prediction markets...
PrizePicks Teams Up with Polymarket on Prediction Markets Push
PrizePicks will feature Polymarket event contracts on its mobile app PrizePicks expected to soon launch its prediction markets platform Prediction markets behemoth Polymarket and PrizePicks, one of the top daily fantasy sports (DFS) operators, announced a partnership Tuesday through which the former...
DraftKings Hit with Downgrade, Price Target Cut
CBRE Equity Research downgrades stock, slashes price target Analyst cites prediction market concerns, related spending, among other factors Investors are resetting expectations, says research firm Shares of DraftKings (NASDAQ: DKNG) are trading slightly lower early Tuesday after the beleaguered gaming stock was...
Kalshi-Backed Poll Says 90% of Voters Support Prediction Markets
Results aren’t exactly surprising in Axis Research poll Survey claims respondents back prediction markets in their current form and believe the industry should be regulated federally Poll arrives against the backdrop of souring attitudes toward sports betting In perhaps some of the...
Wynn to Contribute up to $50 Million to New Project Near UAE Casino
Partners behind Wynn Al Marjan Island will develop a ritzy hotel near the casino resort New venue will be built on Wynn’s land bank and is slated to open in 2028 Wynn expected to contribute $25 million to $50 million to project...
Red Rock Resorts Stock Entering S&P Small-Cap Index
Casino stock entering widely followed small-cap index. Promotion is tied to another gaming name. Shares of Red Rock Resorts (NASDAQ: RRR) rallied Friday on news the casino stock will soon enter the S&P SmallCap 600 Index. Interestingly, that promotion is somewhat tied...
Penn Stock Upgraded Following ESPN Bet Departure
Analyst says ESPN Bet was an “overhang” on Penn stock New price target implies upside of almost 50% He says under-performance following the news is surprising Shares of Penn Entertainment (NASDAQ: PENN) are again pointed lower Friday -- a day after the...
DraftKings to Fill ESPN Bet Void
Penn Entertainment announced it's terminating its relationship with ESPN following disappointing performance DraftKings will step into the role previously occupied by Penn The ESPN Bet app is expected to stay alive, supported by DraftKings odds and technology. Following news that Penn Entertainment...
DraftKings Sold at Least $100M in Stock, According to SEC
Stock sale could be tied to recently announced Railbird acquisition Regulatory document indicates DraftKings sold “over $100 million” of equity DraftKings (NASDAQ: DKNG) appears to be have sold of over $100 million worth of stock, according to a new regulatory filing. A...
Gambler R.J. Cipriani Scores Legal Win in Resorts World Las Vegas Case
Ninth Circuit Court sends case against Resorts World back to lower court Appellate court says district court “abused discretion” in application of legal estoppel Case against former executive Sibella was dismissed R.J. Cipriani, a well-known gambler, scored a win in a lengthy...
