5588 stories by Todd Shriber
NGCB Denies Forcing Prediction Market Event Out of Las Vegas
Event organizers claim regulators bullied a casino hotel into canceling their high-profile gathering. The NGCB denies any involvement in the cancellation, calling the claims "unfounded." Following the fallout, the conference is officially relocating to the Big Apple. A social media firestorm has...
Caesars Stock Slumps as Investors Fret About Lack of Takeover News
Caesars stock dropped by almost 9% on a slow news day Some market participants are speculating it’s because of lack of updates regarding a takeover A discouraging inflation reading likely played a part, too Caesars Entertainment (NASDAQ: CZR) shares tumbled on a...
New Hampshire Dem Calls for Federal Probe of Prediction Market Trading
Pappas wants Oversight Chair Comer to look into insider trading on prediction markets Calls for subpoenaing of operators’ internal records Says numerous “suspicious” trades have been placed involving the war in Iran A New Hampshire Democrat is calling on the House Oversight...
Flutter CEO Says ‘Generosity’ Dragged FanDuel Results, Bullish on Prediction Markets
Flutter CEO Peter Jackson admits FanDuel's aggressive promotional spending—or "generosity"—squeezed recent margins and left the operator with fewer active users than expected While the news follows the high-profile exit of FanDuel CEO Amy Howe, Jackson stopped short of directly linking the "generosity"...
A Recipe for Disaster’: Why One Professor is Sounding the Alarm on the Ethics of Prediction Markets
A leading academic warns that the current explosion in prediction markets is engineered to create a new generation of losers Major questions are being raised about whether these markets are truly a level playing field or a rigged game for retail traders...
Macquarie: DraftKings One of the Most Compelling Growth Stories in Gaming
After months of stagnation, DraftKings (DKNG) is finally flashing "buy" signals as the stock regains its upward momentum The company is reporting a massive breakthrough in its prediction market tech—a move that could revolutionize how we bet on non-sports events Macquarie analysts...
AWS ‘Thermal Event’ Melts Down Coinbase and FanDuel in Massive Outage
Some FanDuel bettors complained about not being able to cash out The gaming company said the issue appears to be the result of a broader AWS outage Coinbase acknowledged “core” trading functions were limited due to the outage A major cooling failure...
Wynn Reveals ‘Modest’ Delay in Opening UAE Casino
Wynn Resorts confirms there will be “modest” delay in opening UAE casino resort The venue was expected to debut in early 2027 Wynn didn’t set a new opening date, but will get into specifics in the months ahead As expected, Wynn Resorts...
DraftKings’ ‘Super App’ Strategy Fuels Record $1.65B Q1 Surge
DraftKings Predictions is now live, unifying the ecosystem under one "Super App" roof The new platform slashed customer acquisition costs by a staggering 80% in April Revenue hit $1.65 billion in Q1, crushing estimates and fueling a 599% jump in EBITDA DraftKings'...
Inside Ex-FanDuel CEO Amy Howe’s Massive $4.37M Flutter Severance Package
Howe receives a severance payment totaling two years of base salary The package includes the accelerated vesting of Restricted Stock Units (RSUs) Flutter will provide 24 months of continued health insurance coverage Former FanDuel CEO Amy Howe is exiting the Flutter Entertainment...
