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The Latest Breaking News from Fanduel

Sports Are All About More, More, More in the Streaming Era

On the heels of the NCAA tournament expanding, now the World Cup is considering a further increase in the number of teams.

Sports Illustrated

Why "Big Short" Investor Michael Burry Sees Upside in Beaten-Down Sportbook Stocks

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.

MarketBeat

How Much Blame Does Bryce Harper Deserve for FanDuel ‘Scandal’?

The Phillies outfielder is under fire for making a video for a bettor who ended up losing $1.5 million.

Sports Illustrated

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Michael Burry Bullish on Sportbooks, Goes Long DraftKings, Flutter

Michael Burry said on Wednesday that he is leaning into sports betting, adding long positions in DraftKings Inc. (NASDAQ:DKNG) and Flutter Entertainment plc (NYSE:FLUT), while cautioning against fast-growing prediction markets.

Benzinga

The Mob Used To Run Sports Betting. Now DraftKings and FanDuel Do.

How sports betting moved online and started a debate about its benefits and negatives.

Reason

CME Group CEO Blasts Bitcoin Perpetual Futures, Warns of ‘2007’ Risk

CME Group (NASDAQ:CME) Chairman and CEO Terry Duffy sharply criticized the Commodity Futures Trading Commission’s approval of a Bitcoin perpetual futures contract for Kalshi, saying the product does not fit his view of a futures contract and raises risks for retail investors. Speaking at an investo

MarketBeat

Kalshi Has Great Odds for Ilia Topuria vs Justin Gaethje for UFC Freedom 250

Ilia Topuria is an overwhelming favorite against Justin Gaethje at UFC Freedom 250. There is more value on Kalshi rather than sportsbooks.

Sports Illustrated

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Betting on the Kentucky Derby is more popular than ever. So why is it so confusing?

Americans bet a record $234 million on a two-minute race last year. Getting that money down legally remains hard, thanks to Kentucky's laws.

Fortune

FanDuel Promo Code: Bet $5, Get $250 Bonus Bets for MLB, NBA + NHL Postseason

Use the FanDuel promo code offer to bet $5, get $250 in bonus bets if it wins during MLB, NBA & NHL Postseason action.

Sports Illustrated

Prediction markets have made betting easier than ever—and young men are paying the price

“I think about that money I lost every single day,” says Samuel Sharkey, a 23-year-old who lost about $10,000 on Kalshi.

Fortune

Analysts See 100% Upside in Flutter Stock Despite Prediction-Market Pressure

Shares of gambling giant Flutter are down, but are far from out. Despite prediction markets competition, Flutter could see a significant rebound.

MarketBeat

Credit card delinquencies among millennials and Gen Z have soared because of sports betting—even in states where it's illegal, new Fed study finds

Credit delinquencies among sports bettors rose 10% after legalization—and surged 26% for bettors under 40, a Federal Reserve Bank of New York study found.

Fortune

Buyback Watch: KLA, Flutter, and Grab Move Fast as Their Stocks Swing

From soaring chip giants to market leaders in gambling, these stocks are indicating that their shares may be undervalued through recent buyback announcements.

MarketBeat

Fans sue DraftKings and FanDuel saying they lost hundreds of thousands of dollars to ‘addictive’ gambling sites

The lawsuit claims live microbetting can ‘hijack gamblers’ brains and keep them immersed in ceaseless betting action’

The Independent UK

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Barchart

Flutter Stock Could Be a Big Winner as Lawmakers Zero In on Prediction Markets. Should You Buy FLUT Here?

Flutter's stock is surging on strong results, but a new bipartisan bill targeting prediction markets could shake up FLUT's boldest growth bet. Here's what investors need to know.

MarketBeat

Regulatory Jackpot: Gaming Stocks Surge on a Surprise Bill

A new U.S. bill targeting unregulated competitors creates a market advantage for established sports betting leaders DraftKings and Flutter.

Fortune

NBA star's partnership with a prediction market raises new questions for a troubled sports betting landscape

The NBA star announced he would become a shareholder in the largest U.S> prediction market.

The Independent UK

Paddy Power owner Flutter hopeful of World Cup boost after results disappoint

The group, which also owns brands including Betfair and FanDuel in the US, missed forecasts with annual sales of 16.4 billion US dollars (£x billion).

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The Conversation

How sports betting is changing the way people watch sports

The Seattle Seahawks may have easily dispatched the New England Patriots on Super Bowl Sunday, but a more consequential battle unfolded off the field.

The Guardian - US

Surging prediction markets face legal backlash in US: ‘Lines have been blurred’

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling

The Independent UK

The odds are in on next year’s Super Bowl halftime performer — and there’s a clear favorite

Miley Cyrus is the favorite pick to headline Super Bowl LXI

The Times of India

Two Indian American men indicted for allegedly using 3,000 stolen identities to defraud online gambling sites of $3 million

Two Indian American men from Glastonbury face federal charges for allegedly using thousands of stolen identities to defraud online gambling platforms, including FanDuel, of approximately $3 million. Amitoj Kapoor and Siddharth Lillaney are accused of exploiting new user incentives with illicitly obtained personal data, leading to charges of fraud, identity…

The Guardian - US

‘We all on Kalshi now’: Giannis Antetokounmpo and the quiet collapse of sporting trust

The Bucks star has become a shareholder in one of the world’s largest prediction markets. It only ushers the NBA further into the fetid swamp of sports betting

Reason

How To Speed Up the Search for Cures Through a Change in Probability Theory

It seems likely the FDA would do well to accept more Bayesian reasoning in medical research.

The Independent UK

MLB to produce local broadcasts for 6 more teams with fate of FanDuel Sports Network uncertain

Major League Baseball will produce and distribute local broadcasts for six teams this season

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People

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