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Todd Shriber
5647 stories by Todd Shriber
Robinhood Mulls Going Global with Prediction Markets
News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event...
DraftKings, Flutter Slump as Kalshi Volume Spikes
Sports betting stocks dive on news of Kalshi volume surge Customer-friendly outcomes aren’t helping matters Shares of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the operators of the two largest domestic online sportsbooks, tumbled...
Kalshi Volume Beats Election Day, Robinhood Handles 2B+ Event Contracts in Q3
Due in large part to NFL contracts, Kalshi volume broke Election Day record Robinhood says it passed four billion even contracts handled with more than half processed in current quarter Historically, football season has been...
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At...
DraftKings, NBCUniversal Ink Expansive Advertising Agreement
Sportsbook operator says it’s one of its biggest media deals to date DraftKings will be featured across a variety of NBC sports broadcasts, including Super Bowl LX DraftKings (NASDAQ: DKNG) and NBCUniversal announced a wide-ranging...
Bally’s Bronx Casino Bid Has Deep Adams, Trump Ties
Developer Steve Witkoff has White House ties and is a Bally’s consultant He suggest Mayor Adams consider becoming a US ambassador The mayor’s campaign chair also has a role at Bally’s Bally’s quest to bring...
VICI Could Be Interested in Six Flags Real Estate, Says Investor
Jonathan Litt’s Land & Buildings is pushing Six Flags to spin off real estate holdings Investor believes VICI Properties could be a potential buyer Casino landlord is adding to nongaming holdings Jonathan Litt’s Land &...
MGM’s Empire City Advances in New York Casino Race
***UPDATE*** By a 5-0 vote, a Queens community advisory committee (CAC) approved Resorts World New York’s bid to convert that slots-only venue into a Las Vegas-style casino, making that the second New York gaming venue...
Chicago Sports Betting Tax Could Compound Illinois Bettors’ Woes, Says SBA
Intra-city tax increase isn’t official, but task force says it could raise significant revenue If approved, levy would be on top of Illinois’ already high OSB taxes SBA says it will encourage bettors to wager...
Young Bettors Likely to Be Crypto, Stock Speculators, Too, Says TransUnion
Gen Z and millennial bettors are more likely to have crypto trading apps Many bettors are looking for “big payoffs” in the stock market, too Younger bettors increasingly embrace online sports wagering, are tepid on...
