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Todd Shriber
5805 stories by Todd Shriber
AQR’s Cliff Asness Hints the Hedge Fund May Enter Sports Betting
Billionaire investor said hedge fund could examine sports betting He admitted to cynicism regarding online sports wagering He didn’t elaborate on how AQR could get involved AQR Capital Management, the hedge fund co-founded by Cliff...
Illinois Sports Bets Plunge by 5 Million as Operators Respond to Higher Taxes
Trade group backing sportsbooks says per-bet fees are leading to fewer wagers Handle did not decrease; it rose year over year Operators imposed per-bet fees and minimums in response to tax increase The Sports Betting...
Cboe Makes Prediction Market Move, Leaves Sports Out for Now
Exchange operator is the latest to enter prediction markets arena. Sports event contracts aren’t in the cards. Cboe prediction platform expected to launch in the coming months. Cboe Global Markets (BATS: CBOE) is planning to...
Polymarket Becomes Official Prediction Market of UFC
Polymarket now exclusive, official prediction market of UFC and Zuffa Boxing Adds to growing list of marquee deals for Polymarket Hardly a day goes by without Polymarket announcing a new deal or partnership with a...
Golden Entertainment Investor Says Buyout Offer ‘Woefully Inadequate’
Everbay Capital calls Sartini-led buyout “opportunistic” Says offer exploits recent weakness in Golden's stock price Investor believes Golden’s board is forcing shareholders to accept a raw deal Golden Entertainment (NASDAQ: GDEN) CEO Blake Sartini’s $30...
CME and FanDuel Launch New Event Contracts With Sports Twist in December
The companies announced a joint venture in August. FanDuel Predicts app will launch in December. App will feature sports event contracts in states where sports wagering isn’t permitted. CME Group (NASDAQ: CME) and FanDuel said...
Penn Entertainment CEO Buys $500K Worth of Casino Stock
Penn CEO Snowden buys stock following post-earnings dip He bought 34,700 shares, boosting his holdings to more than 1.11 million Investors remain critical of stock’s performance under his leadership Penn Entertainment (NASDAQ: PENN) CEO Jay...
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...
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...
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...
