News

DKNG stock gains 12% in three months as Sportsbook momentum and improving profitability lift sentiment. Yet, heavy Predictions investments warrant caution.

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?

(Bloomberg) -- The World Cup is turning prediction markets into a public ledger of million-dollar bets, exposing big wins and dramatic losses as the tournament attracts more money to the fast-growing industry.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealUS and Iran Delay Nuclear Talks as Lebanon Clashes WorsenUS Tells ASML It’s Concerned Chin

Even with the 2026 World Cup and NBA Finals drawing bettors, DraftKings and Flutter watched their shares crater all year.

Janus Henderson Investors, an investment management company, released its “Forty Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Fund returned -12.25% in the quarter, underperforming the Russell 1000 Growth Index (-9.78%). Despite this, its 10-year annualized returns are approximately 15%. The recent quarter’s challenges stemmed from volatility and stock selection […]

The headline question has a clean answer. DraftKings (NASDAQ:DKNG) would need to roughly double from $28.79 to clear $57 by year-end 2026, and our proprietary model does not see it happening in that window. That said, we are still constructive on the stock from here. Our 24/7 Wall St. price target for DraftKings is $32.87, ... Prediction: This is Where DraftKings Will End The Year

In recent weeks, DraftKings has drawn attention as its prediction platform reached an annualized total volume of US$3.10 billion, while analysts flagged near-term earnings pressure but continued revenue growth expectations and maintained generally constructive views on the business. At the same time, the fast-growing prediction market is helping DraftKings add users even in states without legal online sports betting, while media commentary such as Jim Cramer’s has highlighted building...

DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Prediction markets such as Kalshi and Polymarket are seeing record trading volumes from World Cup betting that&rsqu...

DraftKings Inc. (NASDAQ:DKNG) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. When a caller asked if it is time to “dump” their position in the stock, Cramer said: This thing finally has momentum… There are people all over the world… right now are saying, you […]

BofA Global Research spent this week quietly publishing something that matters a lot for sports betting investors. The firm’s June 11 gaming note argues that the FIFA World Cup, held on U.S. soil for the first time in over 30 years, is more than a seasonal payday for DraftKings (DKNG). It is a ...

(Bloomberg) -- Both US coasts were under heat advisories Friday on the eve of FIFA World Cup matches scheduled in California’s Bay Area, New Jersey and Massachusetts. The biggest weather threat may come Sunday in Philadelphia, where lightning and thunderstorms could disrupt play.Most Read from BloombergWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeSpaceX Shares Close 19% Higher After Historic $75 Billion IPOUS, Iran Edge

In the closing of the recent trading day, DraftKings (DKNG) stood at $29.03, denoting a -3.31% move from the preceding trading day.

Bitcoin (CRYPTO: $BTC) and other cryptocurrencies barely budged over the past trading week as investors and traders...

Check out the companies making headlines this week:

Big markets for Super Group are all in on the World Cup, including South Africa, Germany, the U.K. and Spain.

The FIFA World Cup 2026 promises an economic boost to the U.S. as a host. Here are the sectors that stand to benefit from the beautiful game.

Flutter said it will delist its shares from the London Stock Exchange.

Market Catalysts host Julie Hyman breaks down today's trending tickers, including Intel (INTC), which jumped after receiving a rare double upgrade to buy from Bank of America (BAC). Meanwhile, DraftKings (DKNG) is also moving higher after analysts named it the "clearest winner" in sports betting as the 2026 FIFA World Cup kicks off today, June 11, setting the stage for a potential surge in wagering activity.

DraftKings shares rose to the $28–$29 range after a June 9 SEC filing revealed $3.1 billion in annualized volume for its Predictions platform, up 34% from April.

Polymarket has signed an exclusive partnership with Liga MX, the most popular soccer league in North America, furthering the prediction market’s presence in international soccer ahead of the 2026 FIFA World Cup. The companies will announce the deal on Thursday. “Polymarket is at a real growth inflection point and the biggest global sporting event is happening simultaneously,” says Ari Borod, the firm’s president of sports business development. Liga MX is dominant in North American soccer, both by talent and TV ratings.

JPMorgan said while DraftKings’ May operational data highlighted progress, it was not an indicator of near-term upside.

CFTC moves to formalize prediction market oversight. Rule could reshape the battle between prediction markets and sportsbooks. Federal versus state authority remains unresolved. A proposal ...

Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 5.7% in the afternoon session after the company disclosed significant growth in its Predictions platform for the month of May.

Prediction markets logged record volumes in May, with leader Kalshi growing its market share, though

Yesterday's double-digit stock surge wasn't about sports, but about a brand new bet the company is making.

The new prediction market rules would permit federally-regulated event contracts tied to the outcome of sporting events and individual player performance.

Morningstar analyst Dan Wasiolek reiterated that DraftKings’ predictions business will add to its overall sales rather than cannibalize its traditional sports business.

DraftKings' underlying business continues to show strength. Moreover, the emerging Predictions platform could help accelerate growth.

The biggest soccer tournament is just days away and potential winners among betting stocks may surprise some investors.