Main menu
Todd Shriber
5666 stories by Todd Shriber
tastytrade Forges Into Prediction Markets, Focusing on Traders, not Bettors
tastytrade, an options brokerage house well-known to sophisticated retail traders, launched its prediction market platform today with an emphasis on various financial derivatives. The tastytrade logo. The company rolled out its prediction market today. (Image:...
Fanatics Brings Prediction Market Tech In House with BGC Deals
Fanatics is the latest prediction market operator to bring its exchange and technology capabilities in-house, announcing today that it is acquiring a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) from BGC Group (NASDAQ:...
Robinhood Eyes Crypto.com Partnership to Expand Prediction Markets
Robinhood Markets (NASDAQ: HOOD) is in talks with Crypto.com to bring the crypto exchange’s event contracts to its platform, according to media reports. Robinhood is rumored to be discussing a prediction market partnership with Crypto.com....
DraftKings Target Cut at Morgan Stanley Over Prediction Market Investment
DraftKings (NASDAQ: DKNG) capped off a rough week with a nearly 7% loss, dragged down in part by cautious commentary from Morgan Stanley. Morgan Stanley cut its price target on DraftKings, citing prediction market spending....
Novig Seeks CFTC Approval for Expanded Sports Prediction Market Roster
Novig has filed plans with the Commodity Futures Trading Commission (CFTC) to launch a wide slate of sports event contracts, signaling that the prediction market exchange is closing in on a retail rollout. Novig filed...
Bain: Boyd Gaming ‘Holds All the Cards’ for Future Acquisitions
Boyd Gaming (NYSE: BYD) executives kept M&A commentary to a minimum on their Q2 earnings call, but Wall Street is convinced the regional casino operator is primed to pounce on upcoming acquisition opportunities. Boyd Gaming’s...
Macquarie: Prediction Market Volume Could Reach $1.5 Trillion by 2030
Prediction markets are on track to hit $1.5 trillion in volume by 2030, according to Macquarie—far outpacing earlier projections. Prediction market volume could hit $1.5 trillion by 2030, according to Macquarie. (Image: Getty) In a...
CME CEO Calls Sports Prediction Markets ‘Gambling,’ Expects Supreme Court Fight
CME Group (NASDAQ: CME) is expanding its footprint in prediction markets, but CEO Terry Duffy says the exchange operator intends to stay far away from the controversy surrounding sports event contracts. The CME Group logo....
Las Vegas Sands Expands Buyback by $6B to Soften Q2 Earnings Miss
Las Vegas Sands (NYSE: LVS) is signaling confidence in its beaten-down stock, authorizing a $6 billion expansion to its share repurchase program alongside its second-quarter earnings report. The Venetian on the Cotai Strip in Macau,...
Wisconsin Warns Election Prediction Market Traders Face Felony Charges, Lost Voting Rights
Prediction market traders in Wisconsin who bet on political races could lose their right to vote and face felony charges, according to a new directive from the Wisconsin Elections Commission (WEC). The Vince Lombardi Statue...
