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Todd Shriber
5638 stories by Todd Shriber
Kalshi Tops $100B in Lifetime Volume as Daily Levels Soar Amid Major Sporting Events
Kalshi’s lifetime total notional volume recently surpassed $100 billion fueled by a perfect storm of sports betting and macroeconomic forecasting With the help of big sporting events, the prediction market operator recently notched its first...
Kalshi Using Claude AI to ‘Referee’ Prediction Markets
Internally dubbed "Harrison," the proprietary AI agent was built to handle backend market compliance as Kalshi’s transaction volumes skyrocket Harrison proactively reviews and stress-tests the literal wording of event contracts, catching ambiguities and closing potential...
Moody’s: Bally’s Evoke Acquisition ‘Credit Positive’ for Indebted Target
Bally’s finalized a deal to buy London-listed gaming operator Evoke at a premium rate of 50p per share The takeover rescues Evoke—owner of William Hill and 888—as it struggles under a crushing £1.8 billion net...
Robinhood Debuts Rothera Exchange With Massive World Cup Prediction Rollout
World Cup prediction market volume already exceeded that of the Super Bowl Bernstein says Robinhood likely to draw “strong tailwinds” from the event The company is routing World Cup trades through Rothera Shares of Robinhood...
Stifel: Diller Likely Has to Bid Higher for MGM to Get Deal Done
Analyst says there’s “less internal support” for MGM takeover offer than the bid to acquire Caesars MGM shares trade above Diller’s offer price, implying investors expect a revised bid There’s downside risk should offer be...
JP Morgan: MGM’s Japan Casino Asset Alone Worth $19 Per Share
JPMorgan estimates that MGM Osaka could add up to $31 per share in long-term value once fully operational Analysts cite Singapore’s highly lucrative Marina Bay Sands as the closest structural blueprint for Osaka’s revenue potential...
Stifel: Penn May Be a Winner as Casino M&A Heats Up
Recent high-profile takeover bids for rivals Caesars and MGM support a highly favorable "valuation floor" for Penn Entertainment stock While not a buyer for whole companies, Penn could selectively buy specific regional casino properties that...
Flutter To Exit London Listing as New York Becomes Primary Market
Flutter Entertainment will pull its shares from the London Stock Exchange in August News comes about two years after the company made New York its primary listing venue New York will be the gaming stock’s...
Study: Americans Traded Up to $34B on Banned Offshore Prediction Markets
The Coalition for Prediction Markets (CPM) estimates that U.S. residents have traded up to $34 billion on illegal, unregulated offshore platforms Group estimates that figure could quadruple by 2030 Polymarket accounts for the bulk of...
New Jersey to Scrutinize Fertitta’s $17.6 Billion Caesars Bid
New Jersey regulators have already pledged to review the proposed acquisition Other state regulators are likely to follow suit The combined company would control four Atlantic City casinos New Jersey regulators have pledged to examine...
