News

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 […]

FOMO is fueling the AI stock trading frenzy, prediction markets expand beyond sportsbooks, six companies lined up to IPO ahead of SpaceX, and more news to start your day.

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?

The stock has fallen nearly 30% this year on prediction market fears.

(Bloomberg) -- DraftKings Inc. reported revenue that rose 17% to $1.65 billion, slightly ahead of analysts’ estimates for $1.63 billion and said it would spend more on a new push into predictions markets. Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogUS Fires on Iranian Targets as Trump Demands Deal From TehranIran’s President Says He Had Meeting With Injured Supreme LeaderApple’s C

Draftkings Inc (NASDAQ:DKNG) shares rose about 4% after the company reported mixed first quarter results, with stronger-than-expected revenue offset by a slight earnings miss. The online sports betting and gaming company posted revenue of $1.65 billion for the quarter ended March 31, up 17%...

Investing.com -- DraftKings Inc (NASDAQ:DKNG) reported first quarter results that exceeded profit expectations but maintained full-year guidance below analyst estimates, sending shares down 1.9% in after-hours trading Thursday.

DraftKings earnings will give investors a closer look at how the sports-betting company is approaching the rise of prediction markets.