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Todd Shriber
5645 stories by Todd Shriber
Polymarket Investment a Win for ICE, Says Moody’s
ICE’s $2 billion investment in Polymarket meshes with long-term goals Moody’s believes the deal will enhance ICE’s revenue stream Last week, Intercontinental Exchange (NYSE: ICE) invested $2 billion in prediction market operator Polymarket at a...
Casino M&A Likely Limited Until Interest Rates Decline Further, Says Analyst
Casino consolidation chatter is alive, but not as vibrant as in past years Still high interest rates weighing on Las Vegas Strip asset sales Bolt-on, not transformational deals expected The casino industry is often a...
Kalshi Funding Round Pushes Valuation to $5 Billion
Series D funding round of $300 million vaults Kalshi valuation to $5 billion Prediction markets operator will use capital for international expansion Says it’s the fastest growing non-AI tech company Prediction market Goliath Kalshi said...
Sands Earnings Could Be Lifted by Singapore Casino Expansion
Marina Bay Sands’ $8 billion expansion could be accretive to operator’s earnings That would allow Las Vegas Sands to reduce leverage, says Moody’s Las Vegas Sands (NYSE: LVS) recently commenced an $8 billion expansion of...
Flutter Branding Provides Buffer in Prediction Markets Fight
Flutter’s brand advantages, including FanDuel, “intact” amid rise of prediction markets Analyst cites international exposure, strong balance sheet as other favorable factors With investors fretting about the intersection of football and prediction markets, shares of...
Polymarket Taking Bets on Possible DraftKings Prediction Markets Acquisition
Polymarket has a market on DraftKings potentially buying Railbird It calls for traders to wager on a deal being announced or not by October 31 DraftKings (NASDAQ: DKNG) is feeling prediction markets heat and Polymarket...
Caesars an Undervalued Stock to Buy in Q4, Says Morningstar
Caesars stock has been drubbed this year and its Q4 start is ugly Morningstar says the shares are undervalued and worth owning in the fourth quarter Amid slumping Las Vegas Strip visitation, shares of Caesars...
NYSE Owner ICE Invests $2 Billion in Polymarket at Valuation of Up to $10 Billion
Polymarket's valuation soars to $9 billion to $10 billion Exchange operator is investing $2 billion in Polymarket at a preinvestment valuation of $8 billion ICE owns the New York Stock Exchange Prediction markets operator Polymarket’s...
DraftKings Prediction Markets Entry Could Soon Materialize, Says Analyst
DraftKings considering variety of prediction market avenues, news could soon emerge, says Jefferies analyst State regulators loom large in that equation With DraftKings (NASDAQ: DKNG) stock down 16% over the past week and September hold...
Sharp Alpha Unveils New $150M Fund Targeting Online Betting, Sports, More
Firm is looking to deploy $150 million in capital over the next two years Company is targeting stakes in online entertainment and wagering entities Sharp Alpha has previously invested in betting companies Sharp Alpha said...
