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U.S. online gambling operator BetMGM on Tuesday downgraded its ‌annual outlook for the second time ‌this year and pushed back its target of reaching $500 ​million in profit, as competition from prediction market platforms mounts intensifies. Licensed sportsbook operators in the U.S. are facing growing pressure from ‌prediction market ⁠platforms such as Kalshi, while FanDuel, DraftKings and Fanatics have launched ⁠similar products, raising customer acquisition costs and threatening sports betting market share.

Michael Burry isn’t simply betting on casino stocks. The “Big Short” investor’s fresh stakes in DraftKings (DKNG) and Flutter Entertainment (FLUT) raise a wider concern for the sports-betting industry: Are prediction markets too huge for authorities to ignore? That matters to retail investors, ...

DraftKings (DKNG) reached $26.29 at the closing of the latest trading day, reflecting a -3.24% change compared to its last close.

DraftKings (DKNG) closed at $25.26 in the latest trading session, marking a -2.09% move from the prior day.

DraftKings (DKNG) closed at $24.53 in the latest trading session, marking a -2.47% move from the prior day.

DraftKings (DKNG) reached $25.7 at the closing of the latest trading day, reflecting a -2.61% change compared to its last close.

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

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Megan King joins Stocktwits TV to analyze the 'software slump of 2026,' addressing concerns that AI could replace traditional software. She shares her perspective on why this downturn might be overdone and discusses the NFL's decision to ban prediction market ads during the Super Bowl, examining the potential impact on companies like DraftKings and FanDuel.