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In August 2026, DraftKings amended its credit agreement to add a US$700 million Term B loan due 2033 and expand its revolving credit facility to US$750 million maturing in 2031, largely to refinance existing 0% convertible notes and fund general corporate purposes. This refinancing shifts part of DraftKings’ capital structure from zero‑coupon convertible debt toward secured term loans and a larger credit line, potentially affecting future interest costs and financial flexibility. We’ll now...

DraftKings has shed nearly half its value over the past year while quietly building a Predictions product that went from $2.3 billion to $11 billion in annualized volume in just three months. Whether that pivot justifies a major rebound or more pain ahead depends on factors the market has not yet priced in.

Amazon trades at a 9x valuation discount to DraftKings, but profitability and cash generation tell starkly different stories.

Stock futures fall, Broadcom beat forecasts for AI Chip sales growth, Micron and China chip makers fight for market share.

DraftKings stock has had a tough run over the past few years, yet some valuation checks now point to a company that does not look clearly expensive either. With mixed signals on value and a long stretch of weak returns, investors are reassessing what a reasonable price looks like for DraftKings today. The share price has declined about 62% over the past 5 years, which puts DraftKings firmly in the category of a stock that has already absorbed a lot of pessimism. Heavy marketing spend and new...

Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 4.3% in the afternoon session after Wolfe Research initiated coverage on the company with an Outperform rating. According to TipRanks, Wolfe Research analyst Peter Supino established the positive stance on DraftKings, signaling confidence in the company's prospects. The combination of a new bullish initiation and an affirmed positive outlook from Wall Street analysts helped bolster investor enthusiasm during the trading

The Attorney General of New Jersey has asked the U.S. Supreme Court to hear a case that could determine the fate of sports prediction markets. The Supreme Court accepts a fraction of so-called petitions of certiorari, but the high court could be compelled to weigh in given the growing disputes between states, which regulate gambling, and federal regulators, who oversee the event contracts that drive prediction markets. A Supreme Court case would be closely watched by online betting firms like DraftKings and Flutter whose stocks are up more than 4% today, along with newer prediction-market platforms Kalshi and Polymarket.

Major sports TV events helped boost overall sports betting as well as the loosening of legal restrictions around wagering in many states.

Sirius XM upgraded, Toast downgraded: Wall Street's top analyst calls

When Joey called in 31 days sober from gambling with $23,000 spread across four credit cards, Dave Ramsey had a verdict. But the real numbers behind the app that wrecked him tell a story Ramsey never got to on air.

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.

DraftKings Inc. (NASDAQ:DKNG) stock has been navigating a complex landscape following its Q2 2026 earnings report, leaving investors to weigh short-term margin volatility against long-term strategic expansion. On August 17, DraftKings announced the launch of syndication for a proposed $600 million Senior Secured Term Loan B credit facility. The net proceeds are earmarked to repurchase […]

A Ninth Circuit appeals court ruling that sports bets are not swaps removes a potential regulatory hurdle for DraftKings and Flutter Entertainment.

DKNG's sportsbook gains, stronger customer economics and Predictions growth give it an edge over FLUT amid weaker guidance and earnings pressure.

Allwyn shares fell on Thursday despite reporting a 27% year-over-year increase in second-quarter net revenue.

Looking back on consumer discretionary - gaming solutions stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including DraftKings (NASDAQ:DKNG) and its peers.

Creative highlights the many ways people play and earn rewards.

DraftKings refinances with new term loan and larger revolving credit line DraftKings (DKNG) has reshaped its balance sheet with a new US$700 million term loan due 2033 and a US$750 million revolving credit facility maturing in 2031, replacing its prior US$500 million revolver. DraftKings shares closed at US$24.78, and despite a 2.78% 1 month share price gain, the stock is down 30.51% on a year to date share price basis and 48.16% on a 1 year total shareholder return, which points to fading...

DraftKings (NasdaqGS:DKNG) approved a US$30 million marketing contract for a cofounder’s new startup shortly before his departure. The contract was awarded weeks ahead of the executive’s exit, raising questions over potential conflicts of interest and internal controls. Investors are assessing what this related party style arrangement could mean for DraftKings’ governance standards and board oversight. This kind of governance risk is not unique to DraftKings. It can therefore be useful to...

Six weeks before leaving his post, Matthew Kalish signed agreements with his startup HardScope potentially worth millions.

Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.

Sports-betting companies have seen their stocks slide over fears of competition from prediction markets.

DraftKings just posted its first-ever profitable year, yet its longest-standing bull on Wall Street walked away from the stock. Here is what spooked Argus and whether the rest of the Street is paying attention.

The new mission for casino operators: Look less like casinos.

DraftKings completed its $700 million, seven-year covenant-lite first-lien term loan at S+200, with a 0% floor and an issue price of 99.5 in a Morgan Stanley-led transaction, according to sources. The TLB was upsized from $600 million at launch, and the yield to maturity is approximately 5.98%. Pricing was revised from guidance at launch of S+225-250, and the deal includes six months of 101 soft call protection. Proceeds will be used to repurchase a portion of the company’s outstanding convertib

CME CEO Terry Duffy says the CFTC waves through manipulable prediction markets. Chairman Selig called the claim fake news.

New prediction market platform Novig, which focuses on sports betting and launched on Aug. 4, has reported $125 mil...

The platform's opening-week volume surpassed that of Kalshi, Polymarket U.S., Underdog, and DraftKings' DKeX

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?

In August 2026, DraftKings Inc. reported second-quarter 2026 results showing sales of US$1,443.24 million and a net loss of US$67.61 million, while reaffirming full-year 2026 revenue guidance of US$6.5 billion to US$6.9 billion. Alongside these results, DraftKings highlighted rapid adoption of its Predictions product and stronger-than-planned customer acquisition at lower cost, pointing to a growing role for prediction markets within its broader gaming ecosystem. We’ll now examine how the...