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Todd Shriber
5694 stories by Todd Shriber
Report: MGM Forms Special Committee to Review Barry Diller’s $12.4B Takeover Bid
Shares of MGM Resorts International (NYSE: MGM) rallied in after-hours trading Friday (July 10) amid reports the casino operator is in advanced talks with Barry Diller’s People Inc. (NASDAQ: PPLI) regarding last month's $12.4 billion...
Polymarket Seeks US License to Match Rival Kalshi’s Margin Trading
Polymarket wants to join rival Kalshi in offering margin trading to clients, aiming to boost its appeal to professional and institutional investors. Polymarket applied with the National Futures Association (NFA) to offer margin trading. (Photo...
DraftKings Stock Price Target Gets Prediction Market Lift at Deutsche Bank
DraftKings (NASDAQ: DKNG) stock is positioned for steady, incremental upside from current levels, driven by the growth of its new DraftKings Predictions business. Deutsche Bank boosted its price target on DraftKings stock. (Image: DraftKings/Shutterstock) In...
Goldman, Morgan Stanley Bar Staff from Prediction Markets; Sports Trading Still OK
Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS), two of Wall Street’s largest investment banking giants, are reportedly moving to restrict staffers from trading on prediction markets in an effort to prevent insider trading...
Icahn Ally Courtney Mather Steps Down From Caesars Entertainment Board
Courtney Mather, a long-time ally of activist investor Carl Icahn, has resigned from Caesars Entertainment’s (NASDAQ: CZR) board of directors, effective July 6. Courtney Mather resigned as a Caesars director just as Carl Icahn, his...
ARK Invest: Prediction Markets Can Scale to $5 Trillion Within 5 Years
Prediction market volumes could scale to $5 trillion within the next three to five years, according to new research from ARK Investment Management. ARK Invest says prediction market notional volume could hit $5 trillion in...
New York Judge Rejects Kalshi’s Claim That Federal Law Trumps State Gambling Rules
Kalshi suffered a legal setback in New York after a federal judge ruled the federal swaps laws don't supersede state gaming regulations. A federal judge in New York ruled Kalshi won't be able to prove...
‘Big Short’ Investor Michael Burry Buys Stakes in DraftKings, Flutter
Michael Burry is betting big on sports wagering stocks, revealing today that he’s initiated long positions in DraftKings (NASDAQ: DKNG) and FanDuel owner Flutter Entertainment (NYSE: FLUT). Famed investor Michael Burry revealed he's long DraftKings...
Icahn Caesars Offer Unlikely to Thwart Fertitta Bid
Shares of Caesars Entertainment (NASDAQ: CZR) pulled back slightly on Wednesday (July 8), giving up some of the previous session's gains as Wall Street weights the steep logistical hurdles facing billionaire Carl Icahn’s potential 11th-hour...
Macquarie: Kalshi Notional Volume Reaches $33 Billion in June
Total prediction market volume exploded to more than $50 billion last month, fueled primarily by the start of the World Cup, according to a new report from Macquarie. Prediction market volume swelled in June with...
