DraftKings Aktie News

DraftKings (DKNG) is downgraded to a sell rating after a disappointing Q3 earnings report and a 20% year-to-date stock decline. DKNG's valuation remains stretched at 31x FY25 adjusted EBITDA, despite a significant guidance cut, and ongoing regulatory and competitive risks. The company was plagued by customer-friendly NFL outcomes in Q3, which is the same excuse that it made for poor earnings in...

For millions of American families, the Thanksgiving holiday is defined by two traditions: a turkey feast and football. While the on-field rivalries capture the nation's attention, a different kind of competition is taking place on the balance sheets of the companies that broadcast, stream, and facilitate wagers on these games.

Three well-known stocks recently made bold moves to return more capital to shareholders, with over $5 billion in fresh buyback authorizations announced.

DraftKings (DKNG +3.18%) stock investors are concerned about the increasing competition from prediction markets.

The sports betting firm said Wednesday that it will debut a stand-alone prediction market app called FanDuel Predicts, in partnership with CME Group.

DraftKings fell well short of expectations with its most recent quarterly results. Its CEO is bullish on the prediction markets, but it may only intensify competition.

Prediction markets can be used as a “powerful lever” to pressure states to legalize online sports betting, DraftKings CEO Jason Robins said Friday.

The future may be impossible to predict, but it's becoming increasingly possible to bet on. As the race to win the multibillion-dollar sports gaming market in the United States enters its next phase, prediction markets are at the center of the storm.