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Todd Shriber
5638 stories by Todd Shriber
CFTC Takes Aim at Event Contracts Linked to Terrorism, War
First proposed CFTC rule aimed specifically at prediction markets 45-day public comment period will follow publication of the proposal Trump has pledged to implement broader prediction-market regulations In its first proposed rule aimed specifically at...
FanDuel Predicts Expands Event Contracts Through Crypto.com Deal
Through a partnership with Crypto.com, FanDuel Predicts is expanding its event contract offering Deal includes addition of entertainment and sports event contracts Partnership will run through Crypto.com’s OG Prediction Markets FanDuel Predicts, the prediction-market arm...
Tax Policy Center: Prediction Markets Could Ding State Wagering Revenue
Prediction markets are pulling bettors away from traditional gaming, threatening state tax revenue Highly exposed sports-betting states face the sharpest potential budget deficits Lawmakers are already shifting policy, with state-level prediction market taxes gaining momentum...
DraftKings Shares Surge as May Prediction Market Volume Jumps
DraftKings said its prediction market volume surged 24% month-over-month in May On an annualized basis, that’s a 34% increase Investors liked the news, sending the stock higher Shares of DraftKings (NASDAQ: DKNG) rallied on Tuesday...
Report: Flutter’s FanDuel Lays Off ‘Several Hundred’ Employees
An internal company email explicitly confirms the staff reductions The headcount cuts arrive just a month after the departure of FanDuel CEO Amy Howe and are reportedly the third such cuts in less than a...
Pansy Ho Sells $140M in MGM Shares, Liquidating Stake in U.S. Parent’s Casino Stock
Ho remains the chairperson and a core shareholder of Macau casino operator MGM China Holdings Ltd The $140 million sale concludes a multi-year wind-down of her personal position in the U.S. corporate parent The final...
EDGE Markets Secures $29.2M Series A to Launch Prediction Market Banking Rails
The New York-based alternative fintech firm secured a $29.2 million Series A funding round led by prominent venture firm CoinFund The capital will fund the rollout of real-time deposit and payment rails designed specifically for...
Rush Street Interactive Set to Join S&P SmallCap 600 Index
The gaming stock is joining the widely followed small-cap gauge The stock more than doubled over the past year It’s actually a mid-cap stock as its market value is $6.08 billion Shares of Rush Street...
Casino Union UNITE HERE Urges Congress to Ban Sports Prediction Markets, Citing Threat to Jobs
The UNITE HERE union is calling on Congress to outlaw sports prediction contracts as the landmark crypto-focused CLARITY Act inches toward a floor vote Industry analysts warn that the pending crypto framework could inadvertently legitimize...
Robinhood Shifts World Cup Betting Volume to In-House ‘Rothera’ Exchange in Blow to Kalshi
Robinhood announced it will direct some World Cup event contracts through Rothera, its own prediction market That could affect the contract volume the company sends to partner Kalshi Rothera is a partnership between Robinhood and...
