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As prediction markets shake up sports betting, Michael Burry is betting the odds will swing back in DraftKings' favor.

Get a deeper insight into the potential performance of DraftKings (DKNG) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

Burry is betting market leadership may soon change

Michael Burry Targets Nvidia, Micron With Bigger AI Downside Bets

Michael Burry reveals fresh portfolio moves, adding to existing holdings while expanding short positions tied to AI and semiconductor stocks.

DraftKings and rival online sportsbooks have already poured at least US$72 million into the 2026 U.S. midterm elections via a bipartisan super PAC to back state candidates supportive of their preferred sports betting rules. This unprecedented level of political spending underlines how central regulatory outcomes have become to DraftKings’ business model and long-term operating landscape. With this in mind, we’ll explore how DraftKings’ escalating political spending campaign may reshape its...

In-flight gambling has been illegal on U.S. commercial aircraft for more than six decades. Delta Air Lines and DraftKings are collaborating nevertheless.

DraftKings stock is coming off a tough five year stretch, with the share price down sharply over that period, yet the valuation checks still point to a mixed picture rather than a clear bargain or clear overvaluation. With recent news highlighting both competitive pressure and political spending, investors are weighing how much of this is already reflected in the current price. Over the past five years, DraftKings has delivered a share price decline of 49.6%, which puts the current valuation...

DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential. However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.

Sportsbooks are using federal exchanges to offer sports contracts in states where their own books are banned.

The latest trading day saw DraftKings (DKNG) settling at $24.62, representing a +2.12% change from its previous close.

By Dawn Kopecki NEW YORK, July 28 (Reuters) - DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the

U.S. sports company Fanatics is expanding into prediction markets.

Lured in by the promise of fast prediction market winnings, healthcare students are turning to platforms like Kalshi and Polymarket to pay for personal expenses.

Tesla and Palantir shorts also remain firmly in place

Michael Burry Turns More Bearish on AI Stocks, Keeps Tesla Short Alive

Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors need to pay close attention to DKNG stock based on the movements in the options market lately.

DraftKings stock reacts to Alberta expansion and prediction market competition DraftKings (DKNG) is back in focus after a planned launch of its sportsbook and online casino in Alberta coincided with fresh concerns about rising competition from prediction platforms and a critical short seller report. See our latest analysis for DraftKings. At a share price of $22.83, DraftKings has shed momentum in the short term, with the 7 day share price return down 9.58% and the 30 day share price return...

DraftKings is launching its online sportsbook and casino, along with Golden Nugget Online Gaming, in Alberta. The expansion introduces DraftKings’ platforms to a new Canadian province and extends its North American reach. The move reflects the company’s focus on broadening access to its gaming products in regulated markets. DraftKings, traded as NasdaqGS:DKNG, is pushing ahead with its international expansion as it brings its sportsbook and casino offering to Alberta. The stock most...

Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.

In the closing of the recent trading day, DraftKings (DKNG) stood at $24.32, denoting a -2.49% move from the preceding trading day.

Kalshi, the fast-growing prediction market platform, is booming as its user base continues to expand and its recently launched perpetual futures product gains traction. Kalshi Added Three Million Users During World Cup Tournament The company has added three million new...

(Bloomberg) -- Prediction-market trading has surged during a blowout World Cup, far outpacing the growth at traditional sportsbooks and driving home the competitive threat that companies like Kalshi now pose to the sports-gambling industry. Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz LegacyTaylor Farms Pulls Mexican Lettuce as P

The ‘Big Short’ investor questioned whether Netflix can create evergreen content, saying the company’s long-term value depends on the strength of its content library.

In the latest trading session, DraftKings (DKNG) closed at $24.84, marking a -1.62% move from the previous day.

DraftKings recently launched its online sportsbook and casino, alongside its Golden Nugget Online Gaming brand, in Alberta, making the province its second Canadian market and the 34th jurisdiction in North America for its sportsbook. This expansion not only broadens DraftKings’ regulated footprint but also extends its dual-brand casino offering, reinforcing its presence across both sports betting and iGaming in Canada. We’ll now explore how DraftKings’ Alberta launch, adding another...

MGM Resorts climbed Monday, trading as high as 48.25 amid reported negotiations with Barry Diller's People Inc.

Michael Burry built his reputation betting against the crowd at exactly the right moment, and his latest wager targets a beaten-down sector most investors have already written off. The question is whether his contrarian logic holds up where others have already lost their shirts.