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Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.

Sports-betting companies have seen their stocks slide over fears of competition from prediction markets.

DraftKings just posted its first-ever profitable year, yet its longest-standing bull on Wall Street walked away from the stock. Here is what spooked Argus and whether the rest of the Street is paying attention.

The new mission for casino operators: Look less like casinos.

DraftKings completed its $700 million, seven-year covenant-lite first-lien term loan at S+200, with a 0% floor and an issue price of 99.5 in a Morgan Stanley-led transaction, according to sources. The TLB was upsized from $600 million at launch, and the yield to maturity is approximately 5.98%. Pricing was revised from guidance at launch of S+225-250, and the deal includes six months of 101 soft call protection. Proceeds will be used to repurchase a portion of the company’s outstanding convertib

CME CEO Terry Duffy says the CFTC waves through manipulable prediction markets. Chairman Selig called the claim fake news.

New prediction market platform Novig, which focuses on sports betting and launched on Aug. 4, has reported $125 mil...

The platform's opening-week volume surpassed that of Kalshi, Polymarket U.S., Underdog, and DraftKings' DKeX

The average brokerage recommendation (ABR) for DraftKings (DKNG) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

In August 2026, DraftKings Inc. reported second-quarter 2026 results showing sales of US$1,443.24 million and a net loss of US$67.61 million, while reaffirming full-year 2026 revenue guidance of US$6.5 billion to US$6.9 billion. Alongside these results, DraftKings highlighted rapid adoption of its Predictions product and stronger-than-planned customer acquisition at lower cost, pointing to a growing role for prediction markets within its broader gaming ecosystem. We’ll now examine how the...

DraftKings’ second quarter results were met with a positive market reaction, despite missing Wall Street’s revenue and profit expectations. Management attributed the performance to a sharp increase in customer acquisition—driven by major sporting events like the NBA Finals and the World Cup—and robust engagement on the new Predictions product. CEO Jason Robins noted, “Customer acquisition grew nearly 75% year-over-year as interest in the NBA Finals and the World Cup surged,” emphasizing that the

DraftKings stock has delivered a roughly 50% decline over the past five years, yet its current valuation checks send a mixed message rather than a clear warning or a clear bargain signal. Over five years, DraftKings has fallen about 49.7%, which means long term holders have not been rewarded so far and may now be focused on what the current price implies for the future. Investor attention is currently shaped by growth in DraftKings' Predictions product ahead of the NFL season, while...

Macquarie Group senior gaming, lodging & theatres analyst Chad Beynon joins Market Domination to explain why he believes DraftKings’ prediction markets could drive fresh momentum for sports betting this fall—and position the company for a strong football season.

Predictions volume surged to $11 billion annualized run rate in July.

DoubleDown Interactive (NASDAQ:DDI) reported second-quarter 2026 revenue of $94.3 million, up approximately 11% from a year earlier, as growth in its social casino and iGaming operations supported higher profitability and operating cash flow. Adjusted EBITDA rose 17% year over year to $39.3 million

Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 4.6% year on year to $1.44 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.7 billion at the midpoint. Its non-GAAP profit of $0.09 per share was 53.1% below analysts’ consensus estimates.

DraftKings just posted its worst margin quarter in years while simultaneously launching a business growing five times faster than its core sportsbook ever did. One of those stories is going to dominate the next 90 days, and the NFL season will decide which.

DraftKings Inc. (NASDAQ:DKNG) missed revenue expectations last week, but prediction markets dominated the earnings call. To Joel Shulman, founder and chief investment officer of ERShares and portfolio manager of the XOVR ETF, the message was clear: DraftKings is now treating...

Today, Aug. 7, 2026, the sportsbook platform reported record $13.1 billion in combined volume despite customer-friendly outcomes pressuring margins.

DraftKings (NASDAQ:DKNG) missed second-quarter revenue expectations Thursday, but Wall Street quickly moved past the miss to a bigger question: whether prediction markets are becoming the company’s next major growth engine. Prediction markets dominated the Q&A, with analysts asking about cannibalization,...

(Bloomberg) -- DraftKings Inc. Chief Executive Officer Jason Robins said he doesn’t think it is good that bettors are placing prediction market wagers on what executives say on company earnings calls. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesWhy Do Data Centers Use So Much F

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DraftKings Inc. (NASDAQ:DKNG) shares are edging higher Friday morning as traders digest mixed Q2 results and upbeat commentary around its Predictions product. DraftKings stock is moving in positive territory. What’s pushing DKNG stock higher? What’s Driving DraftKings’ Q2 Earnings Results?...

DraftKings (NASDAQ:DKNG) said its core business continued to grow in the second quarter of 2026, generating $115 million in adjusted EBITDA as customer acquisition, retention and engagement exceeded management’s expectations. The company maintained its full-year revenue outlook of $6.5 billion to $6

Moby summary of DraftKings Inc.'s Q2 2026 earnings call

What DraftKings’ Latest Earnings Miss Means For Investors DraftKings (DKNG) set the tone for its stock with second quarter 2026 results that missed earnings and revenue expectations, included a swing from profit to loss, yet kept full year revenue guidance unchanged. The company reported Q2 sales of US$1.44b, compared with US$1.51b in the same period last year, and moved from net income of US$157.94 million to a net loss of US$67.61 million. Basic and diluted earnings per share from...

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DraftKings (DKNG) delivered earnings and revenue surprises of -59.09% and -3.84%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CFO Alan Ellingson said the core business remains on track to generate about $1 billion in adjusted core profit this year, giving the company flexibility to invest in Predictions.