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Todd Shriber
5640 stories by Todd Shriber
DraftKings, Flutter Among Gaming AI Implementation Leaders
Two sportsbook giants are gaming industry leaders regarding AI adoption The pair have some traits that make them consumer cyclical AI leaders, says Morgan Stanley Other betting-related companies also establishing AI leadership Artificial intelligence (AI)...
Polymarket US Launch Imminent Following CFTC Approval
CFTC issued amended order of designation Order allows Polymarket to operate intermediated exchange in the US Approval paves way for Polymarket to reenter the US Polymarket’s long-awaited return to the US inched closer to reality...
DraftKings Rolls Out Spanish-Language Betting Apps
Spanish-language offering will initially be available to existing North American customers Company says Spanish speakers are a growing part of its customer base Hablas español? DraftKings has you covered. The gaming company introduced Spanish-language functionality...
DraftKings, FanDuel Could See $5B Prediction Market Opportunity, Says Analyst
Two sportsbook giants could see $5 billion total addressable in US prediction markets, says analyst Forecast is based on $4.4 billion in sports-only contracts It’s also based on 40% of US betting age population without...
Sports Betting Proliferation Problematic for Sub-Prime Lenders, Says BofA
Prediction markets, sports betting boom could be trouble for some lenders Bank of America sees potential stress for sub-prime and student loan lenders Young men in low-income areas seen as particularly vulnerable The rapid expansion...
Kalshi Hits $11 Billion Valuation, Closes in on DraftKings’ Market Cap Following $1 Billion Funding Round
The prediction market is reportedly worth $11 billion following an undisclosed capital raise of $1 billion Its valuation more than doubled in about six weeks Kalshi is worth just $3.44 billion less than DraftKings Prediction...
Fanatics Nears Prediction Markets Entry with Crypto.com
Fanatics acquired a company to gain National Futures Association (NFA) membership CEO Rubin says partnership with Crypto.com could debut in coming weeks Count Fanatics as the latest sportsbook operator entering the world of prediction markets....
Polymarket IPO Chatter Heats up Following Kraken Filing
Report suggests prediction market, crypto exchange have similarities Rumors recently surfaced Polymarket could raise capital at a valuation of up to $15 billion On Wednesday, cryptocurrency exchange operator Kraken filed a Form S-1 registration statement...
Casinos Driving Improving Indian Country Economies, Says Census Bureau
Poverty level tumbled following 1990s tribal casino expansion Tribal casinos increase employment, wages for people of all races, says study Congress passed the Indian Gaming Regulatory Act (IGRA) in 1988, paving the way for massive...
Dana White Wants Netflix Special Where He Bets $30 Million at a Vegas Casino
White wants to do a Netflix show where he bets $1 million a hand on baccarat at a Las Vegas casino The UFC CEO’s gambling exploits are well-documented UFC CEO Dana White wants to leverage...
