DraftKings, Inc. Class A DKNG

Nike touched a multi-year low ahead of earnings, DraftKings dropped on betting and competition concerns, and Mattel said its CEO will step down.

There's a clear disconnect in the blurry space that is sports gambling and prediction markets.

A New York Times investigation found that DraftKings Inc. built a machine-learning model that scored customers by how much they would lose for each free bet or bonus they received. The model raised concerns that the company was targeting problem gamblers, with a data analyst saying "the best investment would be a problem gambler" due to financial logic. Bloomberg News Opinion Contributor and Lecturer at Yale School of Management, Gautam Mukunda argues regulations against predatory capitalism could protect good companies and steer entrepreneurs' talents in socially beneficial directions.

Key Stats for DKNG StockPast week performance: -7. 9%52-week range: $20 to $38Valuation model target price: $23Implied upside: 18.

Wall Street analysts are nearly unanimous that DraftKings is a buy, yet the stock just hit its lowest price since 2023 while a private rival with no sportsbook license is reportedly worth four times as much. Something in that math does not add up.

DraftKings is expanding its prediction-market business through DKeX, which ranked third in trading volume.

Kalshi valuation could hit $40 billion in a new $1 billion round. See what that price implies for its revenue growth.

Bloomberg's Romaine Bostick reports on how the rise of prediction markets is impacting sports betting and if more regulation is needed. Executives from BetMGM, DraftKings, FanDuel, Robinhood and Fanatics all weigh in.

Earlier this week, DraftKings’ audit committee decided BDO USA will complete the 2026 audit before Deloitte & Touche takes over as independent auditor for 2027, while CEO Jason Robins also presented the company’s outlook at the Wells Fargo Consumer Conference in California. At the same time, a growing shift of sportsbook users toward lightly regulated prediction markets is pressuring DraftKings’ core model and raising questions about future tax revenues for states. We’ll now examine how the...

Recent reports that sportsbook users are shifting toward lightly regulated prediction markets have put DraftKings (DKNG) under a fresh spotlight and raised questions about how resilient its core wagering business model really is. DraftKings has been back in focus after a 3.53% one-day share price gain to US$22.02. However, the 30-day share price return is down 11.14% and the year-to-date move is down 38.25%, while the one-year total shareholder return has declined 47.97%. This signals fading...

DraftKings (NasdaqGS:DKNG) is in focus after Caesars Entertainment investors backed a multibillion dollar merger with Fertitta Gaming. Shareholders of Caesars Entertainment approved the Fertitta Gaming tie up at a special meeting held ahead of completion of the transaction. Tilman Fertitta, who controls Fertitta Gaming and drove the Caesars deal, is also the largest shareholder in DraftKings. The Caesars and Fertitta Gaming merger approval, with Tilman Fertitta tied to DraftKings, is only...

Key TakeawaysDraftKings’ Q2 2026 revenue fell 4. 6% to $1.

The Sixth U.S. Circuit Court of Appeals in Cincinnati ruled against prediction-market operator Kalshi on Friday, saying Ohio and Tennessee can apply their gambling laws to its sports-related event contracts.

The American Gaming Association says states have already lost $500 million in tax revenue to prediction markets.

Kalshi's grip on NFL prediction-market volume looks overwhelming until Needham adjusts for how professional traders inflate exchange counts, and that one tweak changes the stakes for DraftKings stock in ways the headline number hides.