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DraftKings (NASDAQ:DKNG) CEO and Chairman Jason Robins said the company is seeing strong early-season engagement across its core sportsbook business and its newer prediction markets offering, while maintaining its expectation of about $1 billion in adjusted EBITDA for 2026. Speaking with Wells Farg
Disney is profitable, growing, and buying back billions in stock. Roblox is burning cash and asking investors to wait on a long-term platform bet. Which is the better use of your capital right now?
Shares of DraftKings Inc. (NASDAQ:DKNG) and Flutter Entertainment plc (NYSE:FLUT) soared on August 28 after the Ninth Circuit Court of Appeals ruled that sports-related contracts at issue were not ‘swaps’ under federal commodities law, clearing the way for Nevada to apply its gaming regulations to them and handing a significant victory to states seeking to shut […]
A handful of funds have pre-IPO exposure to Kalshi and Polymarket. Investors need to tread cautiously.
Amazon trades at a 9x valuation discount to DraftKings, but profitability and cash generation tell starkly different stories.
Major sports TV events helped boost overall sports betting as well as the loosening of legal restrictions around wagering in many states.
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.
A Ninth Circuit appeals court ruling that sports bets are not swaps removes a potential regulatory hurdle for DraftKings and Flutter Entertainment.
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.
Today, Aug. 7, 2026, the sportsbook platform reported record $13.1 billion in combined volume despite customer-friendly outcomes pressuring margins.
Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.
Decrypt reported that Fanatics is buying an exchange and clearinghouse from BGC, following DraftKings and FanDuel in owning the rails for its own prediction market.
The deal for BGC's Water Street Labs and CX Clearinghouse lets Fanatics list and settle its own event contracts, echoing DraftKings and FanDuel as sports-betting giants scramble for a foothold in the sector.
The ‘Big Short’ investor expanded his bearish semiconductor wagers while increasing exposure to online sports betting stocks.
Analysts also report on Mattel, Cadence Design Systems, DraftKings, Travel + Leisure, and CrowdStrike.
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.
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.
The FIFA World Cup has driven betting on prediction markets Kalshi and Polymarket to record levels.
According to the average brokerage recommendation (ABR), one should invest in DraftKings (DKNG). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
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...
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.
JPMorgan said while DraftKings’ May operational data highlighted progress, it was not an indicator of near-term upside.
DraftKings' underlying business continues to show strength. Moreover, the emerging Predictions platform could help accelerate growth.
DraftKings shares rally on accelerating momentum in its Prediction Markets business. Morgan Stanley recommends buying DKNG stock at current levels.
The company released strong numbers two days before the 2026 FIFA World Cup, which is being held in the United States, Canada, and Mexico.
DraftKings said annualized consumer trading volume on its prediction-markets platform reached $1.3 billion, offering an early sign that its expansion beyond traditional sports betting may be gaining traction.
DraftKings Inc. (NASDAQ:DKNG) is one of the best sin stocks to buy now. On May 20, UBS reiterated a Buy rating on DraftKings Inc. (NASDAQ:DKNG) and a $43 price target. The bullish stance comes on the heels of the company announcing plans to combine its online sports betting revenue with sports prediction market revenue. The […]
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?
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