5135 stories by Todd Shriber
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 valuation swelled as high as $10 billion...
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 likely to disappoint amid a spate of...
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 it closed a new investment vehicle after...
DraftKings Has ‘Significant Downside,’ Could Tumble to $14, Says Short Seller
Spruce Point estimates stock could fall another 35% to 60% Short seller says analysts are reluctant to lower earnings estimates on DraftKings DraftKings, other gaming companies forced to wait as prediction market litigation plays out DraftKings (NASDAQ: DKNG) is on pace to...
Sports Betting Proliferation Bad for Society, Says Pew Poll
Americans are increasingly negative on sports betting expansion Despite gloomy perceptions, 22% of respondents bet on sports in past year When Missouri joins the party later this year, sports betting will be legal in 39 states, Puerto Rico, and Washington, DC, but...
Kalshi Could Leverage Soaring Valuation as Acquisition Currency
Rumors suggest Kalshi is pursuing a $5 billion valuation Company could use equity as currency for sports betting-related acquisitions Kalshi is believed to have approached a sports-centric rival in recent weeks Last month, reports surfaced that prediction markets Goliath Kalshi is considering...
Cathie Wood Buys Battered DraftKings Stock Across Three ARK ETFs
Wood’s firm is a longtime DraftKings investor She bought over 500K shares of the sports betting stock across three of her ETFs Stock is on an eight-day losing streak DraftKings (NASDAQ: DKNG) is on a now well-documented slide. If it settles lower...
Gaming and Leisure Properties paga $184 millones por el hipódromo-casino (racino) de Nuevo México
La compañía adquiere los activos inmobiliarios de Sunland Park Racetrack & Casino (un racino, es decir, un hipódromo con casino) Gaming and Leisure paga $183.75 millones con una tasa de capitalización del 8.2% Gaming and Leisure Properties (NASDAQ: GLPI) anunció este miércoles...
DraftKings, Flutter Earnings Estimates Lowered, Prediction Markets Aren’t Culprit
Analyst trims DraftKings, Flutter earnings forecasts to Street lows NFL outcomes, not prediction markets, cited as reason for downward revisions Shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) have been volatile in recent days, with much of the downside in...
Gaming and Leisure Properties Paying $184 Million for New Mexico Racino Real Estate
Casino REIT is acquiring the real estate of Sunland Park Racetrack & Casino Gaming and Leisure is paying $183.75 million at a cap rate of 8.2% Gaming and Leisure Properties (NASDAQ: GLPI) announced Wednesday that it's buying the real estate assets of...
