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The Latest Breaking News from DraftKings

MGM CEO thanks Nevada Gaming Commission for action against prediction markets

Bill Hornbuckle said that prediction markets are ‘without a doubt sports betting’ as he thanked regulators for taking action on such platforms

The Independent UK

DraftKings, Flutter Sell-Off 'Overdone': Analyst Says Prediction Markets Provide $5 Billion Opportunity

The rise of prediction markets has sent DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment PLC (NYSE:FLUT) shares lower. While some investors and analysts see prediction markets as a major competitor, an analyst said the selloff is overdone and both companies have a $5 billion opportunity of their own in the market.

Benzinga

Exclusive: Polymarket CEO blasts sportsbooks as "scam"

Coplan said traditional sportsbooks "all rip off the consumer" and "none of them innovate."

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Your Thanksgiving Playbook: 3 Stocks Set to Benefit From Football Fever

America's Thanksgiving football tradition fuels profits for key broadcasting, streaming, and gaming companies, creating three distinct investor opportunities.

MarketBeat

Flutter, DraftKings Prediction Markets Could Have Different Rules: How The Sports Betting Giants Approach With Caution

Both Flutter Entertainment (NYSE:FLUT) and DraftKings Inc (NASDAQ:DKNG) are ready to take on the competition of prediction markets.

Benzinga

$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You

DraftKings, AppLovin, and Altria Group are huge names in their respective industries. All just made headlines, announcing significant buyback increases.

MarketBeat

Online gambling is everywhere. So are the risks

With the rise of online betting and prediction markets, states and public health organizations are devoting resources to people who become addicted or develop a problematic habit

The Independent UK

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No One Is Winning the YouTube TV Dispute With ESPN. It's Time for Both Sides To Call It Off.

Plus: Betting scandals come to baseball, and happy Veterans Day

Reason

ESPN and the Horrible, Rotten, No Good, Very Bad Week

ESPN’s ratings are suffering while Stephen A. Smith and other employees promote a sketchy solitaire app.

Sports Illustrated

Here’s a Side of Fox’s Curt Menefee Sports Fans Have Never Seen

The ‘Fox NFL Sunday’ host went at it with New York mayor Eric Adams to create great train wreck of a television interview.

Sports Illustrated

ESPN Bet Shutting Down As ESPN Enters Into New Gambling Agreement With DraftKings

ESPN is switching gambling partners and ditching ESPN Bet.

Sports Illustrated

PENN Entertainment Reports Q3 Results, Terminates Sports Betting Partnership With ESPN

PENN Entertainment Inc (NASDAQ:PENN) reported third-quarter financial results before the market open on Thursday. Here’s a look at the key details from the report.

Benzinga

DraftKings Q3 Preview: Record NFL Betting Expected, Will Prediction Markets Hurt Results, Guidance?

Sports betting company DraftKings Inc (NASDAQ:DKNG) could provide more details on how it is competing against prediction markets and its recent acquisition in the space when the company report third-quarter financial results Thursday after market close.

Benzinga

DraftKings Hits A Death Cross Ahead Of Q3 Earnings — Handing Ken Griffin A 25% Loss

DraftKings Inc (NASDAQ:DKNG) just hit a Death Cross — and its billionaire backers are feeling the chill.

Benzinga

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MarketBeat

Prediction Markets Are Coming: Can DraftKings & FanDuel Survive?

Prediction markets are growing exponentially in the U.S., and sports books are feeling the pain. Can traditional betting platforms survive this new competition?

Benzinga

DraftKings, Flutter Stocks Downgraded On Prediction Market Risk: 'Relentless Headwinds'

Bank of America Securities analyst Shaun C. Kelley downgraded both DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT) ahead of their upcoming earnings reports, citing mounting challenges in the sports betting sector.

Sports Illustrated

An Inside Look at How Quickly the NFL’s Stance on Betting Changed

In the wake of the NBA scandal, our business of football analyst looks back at when fantasy football was frowned on and the Raiders moved to Las Vegas.

Benzinga

Cathie Wood Just Dumped More Palantir Shares Despite 'Holy Grail' AI Deal — Here's What Ark Bought Instead

Cathie Wood-led Ark Invest made significant trades on Tuesday, focusing on companies like DraftKings Inc. (NASDAQ:DKNG), Palantir Technologies Inc. (NASDAQ:PLTR), and Shopify Inc. (NASDAQ:SHOP).

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Sports Illustrated

DraftKings Promo Code Delivers $300 in Bonus Bets if You Win + 3 Months of NBA League Pass for Packers vs. Steelers

Get $300 in bonus bets if you win, plus NBA League Pass with this DraftKings promo code offer for Packers vs. Steelers.

Reason

Canada's Antagonism

Plus: Betting scandal in the NBA, inside the most worrisome porn subculture, and more...

Benzinga

Why DraftKings Stock Is Trading Up Today

Shares of DraftKings (NASDAQ:DKNG) are rising Wednesday after the sports betting company announced a significant expansion and acquisition.

Benzinga

DraftKings Stock Surges Following Acquisition To Launch Prediction Markets

DraftKings Inc (NASDAQ:DKNG) shares are rising in extended trading on Tuesday after the company announced an acquisition to support its entry into prediction markets.

Benzinga

Cathie Wood Goes All-In On DraftKings With $8 Million Stock Purchase As Rivals Like Kalshi Threatens Market Share, Sells Hot Stock Rocket Lab

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving DraftKings Inc. (NASDAQ:DKNG), Rocket Lab Corp (NASDAQ:RKLB), and DoorDash Inc. (NASDAQ:DASH).

Barchart

Cathie Wood Is Buying the Dip in DraftKings Stock. Should You?

Should you follow Cathie Wood and buy into DKNG stock as it faces a correction?

Benzinga

Kalshi's $5 Billion Valuation Threatens DraftKings, ETF Traders Hedge Their Bets

Sports betting ETFs are experiencing a buildup in activity as DraftKings Inc (NASDAQ:DKNG) shares plummet, highlighting the way growing competition from prediction platforms is spilling over into ETF markets based on gaming and gambling.

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