Meta CEO Mark Zuckerberg has directed staff to build a prediction markets platform, according to a New York Times report. The app would be separate from the company's social media platforms Facebook and Instagram, but Meta would leverage its audience on those applications to drive users to the prediction market.
On Tuesday, the CFTC granted approval for Novig's designated contract markets application. Both Novig and recently approved ProphetX will be up against not only Kalshi, which dominates the space, but Polymarket, Robinhood, Crypto.com and the sportsbook giants FanDuel, DraftKings and Fanatics.
NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD reserves "ARC Entertainment Group" as it builds a multi-brand empire to roll up the $10B adult nightlife sector.
DraftKings Inc. disclosed strong 24% May month-over-month volume growth to $1.3 billion in the company's prediction market platform. The platform is gaining scale but remains small for now. DraftKings Predictions' volume is still tens of times smaller than Kalshi's or Polymarket's. DKNG's platform should see significant further growth through a marketing ramp-up and platform improvements; the p...
Shares of DraftKings (DKNG) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform. The update fueled investor optimism about DraftKings' position in the rapidly expanding prediction markets industry.
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.
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event: The 2026 Nasdaq Investor Conference in Association with Jefferies. The fireside chat is scheduled for 11:00AM BST (6:00AM EDT) on June 10, 2026. Registration and the live audio po...
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