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The ‘Big Short’ investor expanded his bearish semiconductor wagers while increasing exposure to online sports betting stocks.

Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors need to pay close attention to DKNG stock based on the movements in the options market lately.

DraftKings stock reacts to Alberta expansion and prediction market competition DraftKings (DKNG) is back in focus after a planned launch of its sportsbook and online casino in Alberta coincided with fresh concerns about rising competition from prediction platforms and a critical short seller report. See our latest analysis for DraftKings. At a share price of $22.83, DraftKings has shed momentum in the short term, with the 7 day share price return down 9.58% and the 30 day share price return...

DraftKings is launching its online sportsbook and casino, along with Golden Nugget Online Gaming, in Alberta. The expansion introduces DraftKings’ platforms to a new Canadian province and extends its North American reach. The move reflects the company’s focus on broadening access to its gaming products in regulated markets. DraftKings, traded as NasdaqGS:DKNG, is pushing ahead with its international expansion as it brings its sportsbook and casino offering to Alberta. The stock most...

Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.

In the closing of the recent trading day, DraftKings (DKNG) stood at $24.32, denoting a -2.49% move from the preceding trading day.

Kalshi, the fast-growing prediction market platform, is booming as its user base continues to expand and its recently launched perpetual futures product gains traction. Kalshi Added Three Million Users During World Cup Tournament The company has added three million new...

(Bloomberg) -- Prediction-market trading has surged during a blowout World Cup, far outpacing the growth at traditional sportsbooks and driving home the competitive threat that companies like Kalshi now pose to the sports-gambling industry. Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as P

The ‘Big Short’ investor questioned whether Netflix can create evergreen content, saying the company’s long-term value depends on the strength of its content library.

Analysts also report on Mattel, Cadence Design Systems, DraftKings, Travel + Leisure, and CrowdStrike.

In the latest trading session, DraftKings (DKNG) closed at $24.84, marking a -1.62% move from the previous day.

DraftKings recently launched its online sportsbook and casino, alongside its Golden Nugget Online Gaming brand, in Alberta, making the province its second Canadian market and the 34th jurisdiction in North America for its sportsbook. This expansion not only broadens DraftKings’ regulated footprint but also extends its dual-brand casino offering, reinforcing its presence across both sports betting and iGaming in Canada. We’ll now explore how DraftKings’ Alberta launch, adding another...

MGM Resorts climbed Monday, trading as high as 48.25 amid reported negotiations with Barry Diller's People Inc.

Michael Burry built his reputation betting against the crowd at exactly the right moment, and his latest wager targets a beaten-down sector most investors have already written off. The question is whether his contrarian logic holds up where others have already lost their shirts.

Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Michael Burry bought DraftKings and Flutter shares, betting regulation will curb prediction markets like Kalshi, as Wall Street analysts also see both sportsbook stocks as undervalued.

(Bloomberg) -- Americans using prediction markets to bet on the World Cup may face a lighter tax burden than peers wagering through sportsbooks thanks to tax breaks aimed at investments.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71OpenAI Engineer's 'LOL' Moment Set Stage for Legal Fight With AppleUS Launches Fresh Iran Strikes as Tehran Declares Hormuz ClosedGates Heir's Shopping App Claimed Sales It Didn't DriveApple Sues OpenAI for Trade Secret Theft in Pivo

(Bloomberg) -- Americans using prediction markets to bet on the World Cup may face a lighter tax burden than peers wagering through sportsbooks thanks to tax breaks aimed at investments.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71OpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleUS Launches Fresh Iran Strikes as Tehran Declares Hormuz ClosedGates Heir’s Shopping App Claimed Sales It Didn’t DriveApple Sues OpenAI for Trade Secret Theft in Pivo

Michael Burry isn’t simply betting on casino stocks. The “Big Short” investor’s fresh stakes in DraftKings (DKNG) and Flutter Entertainment (FLUT) raise a wider concern for the sports-betting industry: Are prediction markets too huge for authorities to ignore? That matters to retail investors, ...

Find insight on prediction markets, Nvidia and more in the latest Market Talks covering technology, media and telecom.

Amid the popularity of online sportsbooks and prediction markets, financial advisors urge parents to talk to children early about the hazards of online gambling.

What a brutal six months it’s been for DraftKings. The stock has dropped 24.3% and now trades at $26.47, rattling many shareholders. This may have investors wondering how to approach the situation.

DraftKings (DKNG) reached $26.29 at the closing of the latest trading day, reflecting a -3.24% change compared to its last close.

Closely followed investor Michael Burry says he’s placing bets against prediction markets such as Kalshi and ...

Michael Burry has initiated long positions in DraftKings and Flutter Entertainment, wagering that the competition from prediction markets will fade.

Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has ‌bought shares of sports-betting platforms Flutter Entertainment and DraftKings, ‌wagering regulatory scrutiny will eventually curb the threat posed by prediction markets. Burry said on ​Wednesday he bought Flutter at about $107 a share and DraftKings "in the low $26s." Together, the investments make up a full-sized position weighted roughly 60/40 toward Flutter, though the investor said he may make each a full ‌position in the future.

DraftKings and Flutter Entertainment shares caught a sudden tailwind on Wednesday after The Big Short visionary Michael Burry revealed he is backing the biggest names in sports betting. The legendary contrarian investor disclosed his new stakes in a post on his Cassandra Unchained Substack newsletter. The announcement sent shares of DraftKings (NASDAQ:DKNG) and Flutter (NYSE:FLUT) spiking to session highs before settling into more modest gains of 0.5% and 1%, respectively. Burry’s entry into the

DraftKings (DKNG) is back in focus after launching its proprietary prediction markets exchange, DKeX, inside the unified Sports & Casino app. This move ties recent stock interest directly to product development. See our latest analysis for DraftKings. Recent product moves like DKeX have arrived alongside a mixed share price picture, with a 90 day share price return of 14.20% but a year to date share price decline of 26.50% and a 1 year total shareholder return decline of 35.41%. This suggests...

In the latest trading session, DraftKings (DKNG) closed at $26.21, marking a +1.24% move from the previous day.