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Sports betting platforms are finding themselves pitted against prediction markets as the NFL season kicks off this week. Citizens director and equity research analyst Jordan Bender explains whether prediction markets are a broad concern for the sports betting landscape.
Citizens forecasts the 2026 NFL season will mark a record for sports betting, bolstered by prediction markets growth. The AGA takes aim at event contracts.
As the NFL season opens Wednesday, there’s a new game in town. Prediction markets could drive $35 billion in wagers, on par with the traditional sports betting industry.
The NFL season kicks off Sept. 9, giving DraftKings stock a timely catalyst as sports betting returns to center stage.
Based on the average brokerage recommendation (ABR), DraftKings (DKNG) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
DraftKings Inc. (NASDAQ:DKNG) has expanded its agreement with Integrity Compliance 360, Inc.
Are states fighting prediction markets to save their own gambling-related interests? That's what Robinhood's chief executive thinks.
LeBron backs Polymarket after DraftKings deal expired, giving prediction markets their biggest sports name as legal fights intensify.
Running at a loss can be a red flag. Many of these businesses face mounting challenges as competition increases and funding becomes harder to secure.
This week of The Dealmaking 3 with “The Sports Professor” Rick Horrow features Athletes Unlimited pausing its professional volleyball and basketball leagues to focus on capital raising, the NFL ending the Pro Bowl game after 75 years after ratings fall to 2 million viewers, and International Business Machines Corporation (NYSE: IBM) and the USTA partnering for […] The post The Dealmaking 3: Athletes Unlimited Retreats, NFL Kills the Pro Bowl, AI Takes Over the US Open appeared first on CorpGov.
In August 2026, DraftKings amended its credit agreement to add a US$700 million Term B loan due 2033 and expand its revolving credit facility to US$750 million maturing in 2031, largely to refinance existing 0% convertible notes and fund general corporate purposes. This refinancing shifts part of DraftKings’ capital structure from zero‑coupon convertible debt toward secured term loans and a larger credit line, potentially affecting future interest costs and financial flexibility. We’ll now...
DraftKings has shed nearly half its value over the past year while quietly building a Predictions product that went from $2.3 billion to $11 billion in annualized volume in just three months. Whether that pivot justifies a major rebound or more pain ahead depends on factors the market has not yet priced in.
Amazon trades at a 9x valuation discount to DraftKings, but profitability and cash generation tell starkly different stories.
DraftKings stock has had a tough run over the past few years, yet some valuation checks now point to a company that does not look clearly expensive either. With mixed signals on value and a long stretch of weak returns, investors are reassessing what a reasonable price looks like for DraftKings today. The share price has declined about 62% over the past 5 years, which puts DraftKings firmly in the category of a stock that has already absorbed a lot of pessimism. Heavy marketing spend and new...
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 4.3% in the afternoon session after Wolfe Research initiated coverage on the company with an Outperform rating. According to TipRanks, Wolfe Research analyst Peter Supino established the positive stance on DraftKings, signaling confidence in the company's prospects. The combination of a new bullish initiation and an affirmed positive outlook from Wall Street analysts helped bolster investor enthusiasm during the trading
The Attorney General of New Jersey has asked the U.S. Supreme Court to hear a case that could determine the fate of sports prediction markets. The Supreme Court accepts a fraction of so-called petitions of certiorari, but the high court could be compelled to weigh in given the growing disputes between states, which regulate gambling, and federal regulators, who oversee the event contracts that drive prediction markets. A Supreme Court case would be closely watched by online betting firms like DraftKings and Flutter whose stocks are up more than 4% today, along with newer prediction-market platforms Kalshi and Polymarket.
Major sports TV events helped boost overall sports betting as well as the loosening of legal restrictions around wagering in many states.
When Joey called in 31 days sober from gambling with $23,000 spread across four credit cards, Dave Ramsey had a verdict. But the real numbers behind the app that wrecked him tell a story Ramsey never got to on air.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 6.4% in the afternoon session after the company renewed its multi-year sports betting and daily fantasy sports partnership with the NFL ahead of the 2026 season. According to an announcement from the NFL, the league established multi-year partnerships designating DraftKings as an official sports betting operator and continuing its role as the Official Daily Fantasy Sports Partner.
DraftKings Inc. (NASDAQ:DKNG) stock has been navigating a complex landscape following its Q2 2026 earnings report, leaving investors to weigh short-term margin volatility against long-term strategic expansion. On August 17, DraftKings announced the launch of syndication for a proposed $600 million Senior Secured Term Loan B credit facility. The net proceeds are earmarked to repurchase […]
A Ninth Circuit appeals court ruling that sports bets are not swaps removes a potential regulatory hurdle for DraftKings and Flutter Entertainment.
DKNG's sportsbook gains, stronger customer economics and Predictions growth give it an edge over FLUT amid weaker guidance and earnings pressure.
Allwyn shares fell on Thursday despite reporting a 27% year-over-year increase in second-quarter net revenue.
Looking back on consumer discretionary - gaming solutions stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including DraftKings (NASDAQ:DKNG) and its peers.
Creative highlights the many ways people play and earn rewards.
DraftKings refinances with new term loan and larger revolving credit line DraftKings (DKNG) has reshaped its balance sheet with a new US$700 million term loan due 2033 and a US$750 million revolving credit facility maturing in 2031, replacing its prior US$500 million revolver. DraftKings shares closed at US$24.78, and despite a 2.78% 1 month share price gain, the stock is down 30.51% on a year to date share price basis and 48.16% on a 1 year total shareholder return, which points to fading...
DraftKings (NasdaqGS:DKNG) approved a US$30 million marketing contract for a cofounder’s new startup shortly before his departure. The contract was awarded weeks ahead of the executive’s exit, raising questions over potential conflicts of interest and internal controls. Investors are assessing what this related party style arrangement could mean for DraftKings’ governance standards and board oversight. This kind of governance risk is not unique to DraftKings. It can therefore be useful to...
Six weeks before leaving his post, Matthew Kalish signed agreements with his startup HardScope potentially worth millions.
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