5217 stories by Todd Shriber
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 today their previously announced prediction markets partnership...
DraftKings President Matthew Kalish Leaving Company in 2026
He’s one of three co-founders of the sportsbook operator His tenure as president will end on March 31, 2026 He’ll remain on the gaming company’s board of directors DraftKings co-founder and President Matthew Kalish is departing the company, meaning that come next...
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 Snowden took advantage of a post-earnings decline...
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 of brokerage houses in the prediction markets...
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 a partnership Tuesday through which the former...
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 Tuesday after the beleaguered gaming stock was...
Kalshi-Backed Poll Says 90% of Voters Support Prediction Markets
Results aren’t exactly surprising in Axis Research poll Survey claims respondents back prediction markets in their current form and believe the industry should be regulated federally Poll arrives against the backdrop of souring attitudes toward sports betting In perhaps some of the...
Wynn to Contribute up to $50 Million to New Project Near UAE Casino
Partners behind Wynn Al Marjan Island will develop a ritzy hotel near the casino resort New venue will be built on Wynn’s land bank and is slated to open in 2028 Wynn expected to contribute $25 million to $50 million to project...
Affinity, Owner of Las Vegas, Primm Casinos, Reportedly Seeking Debt Deal
Company is reportedly working with investment bank Moelis. Creditors said to have hired a law firm known for Chapter 11 expertise. Affinity owns several Las Vegas-area and regional casinos. Affinity Interactive, the owner of the Silver Sevens Hotel & Casino in Las...
Red Rock Resorts Stock Entering S&P Small-Cap Index
Casino stock entering widely followed small-cap index. Promotion is tied to another gaming name. Shares of Red Rock Resorts (NASDAQ: RRR) rallied Friday on news the casino stock will soon enter the S&P SmallCap 600 Index. Interestingly, that promotion is somewhat tied...
