CME CEO Terry Duffy says the CFTC waves through manipulable prediction markets. Chairman Selig called the claim fake news.

New prediction market platform Novig, which focuses on sports betting and launched on Aug. 4, has reported $125 mil...

The platform's opening-week volume surpassed that of Kalshi, Polymarket U.S., Underdog, and DraftKings' DKeX

The average brokerage recommendation (ABR) for DraftKings (DKNG) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

In August 2026, DraftKings Inc. reported second-quarter 2026 results showing sales of US$1,443.24 million and a net loss of US$67.61 million, while reaffirming full-year 2026 revenue guidance of US$6.5 billion to US$6.9 billion. Alongside these results, DraftKings highlighted rapid adoption of its Predictions product and stronger-than-planned customer acquisition at lower cost, pointing to a growing role for prediction markets within its broader gaming ecosystem. We’ll now examine how the...

DraftKings’ second quarter results were met with a positive market reaction, despite missing Wall Street’s revenue and profit expectations. Management attributed the performance to a sharp increase in customer acquisition—driven by major sporting events like the NBA Finals and the World Cup—and robust engagement on the new Predictions product. CEO Jason Robins noted, “Customer acquisition grew nearly 75% year-over-year as interest in the NBA Finals and the World Cup surged,” emphasizing that the

DraftKings stock has delivered a roughly 50% decline over the past five years, yet its current valuation checks send a mixed message rather than a clear warning or a clear bargain signal. Over five years, DraftKings has fallen about 49.7%, which means long term holders have not been rewarded so far and may now be focused on what the current price implies for the future. Investor attention is currently shaped by growth in DraftKings' Predictions product ahead of the NFL season, while...

Macquarie Group senior gaming, lodging & theatres analyst Chad Beynon joins Market Domination to explain why he believes DraftKings’ prediction markets could drive fresh momentum for sports betting this fall—and position the company for a strong football season.

Predictions volume surged to $11 billion annualized run rate in July.

Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market’s revenue expectations in Q2 CY2026, with sales falling 4.6% year on year to $1.44 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $6.7 billion at the midpoint. Its non-GAAP profit of $0.09 per share was 53.1% below analysts’ consensus estimates.

DraftKings just posted its worst margin quarter in years while simultaneously launching a business growing five times faster than its core sportsbook ever did. One of those stories is going to dominate the next 90 days, and the NFL season will decide which.

DraftKings Inc. (NASDAQ:DKNG) missed revenue expectations last week, but prediction markets dominated the earnings call. To Joel Shulman, founder and chief investment officer of ERShares and portfolio manager of the XOVR ETF, the message was clear: DraftKings is now treating...

Today, Aug. 7, 2026, the sportsbook platform reported record $13.1 billion in combined volume despite customer-friendly outcomes pressuring margins.

DraftKings (NASDAQ:DKNG) missed second-quarter revenue expectations Thursday, but Wall Street quickly moved past the miss to a bigger question: whether prediction markets are becoming the company’s next major growth engine. Prediction markets dominated the Q&A, with analysts asking about cannibalization,...

(Bloomberg) -- DraftKings Inc. Chief Executive Officer Jason Robins said he doesn’t think it is good that bettors are placing prediction market wagers on what executives say on company earnings calls. Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesWhy Do Data Centers Use So Much F

Dave lost 97% of its value before a 1-for-32 reverse split. Now the fintech stock has surged back. The story is a warning to investors as SPACs mount a comeback.

DraftKings Inc. (NASDAQ:DKNG) shares are edging higher Friday morning as traders digest mixed Q2 results and upbeat commentary around its Predictions product. DraftKings stock is moving in positive territory. What’s pushing DKNG stock higher? What’s Driving DraftKings’ Q2 Earnings Results?...

DraftKings (NASDAQ:DKNG) said its core business continued to grow in the second quarter of 2026, generating $115 million in adjusted EBITDA as customer acquisition, retention and engagement exceeded management’s expectations. The company maintained its full-year revenue outlook of $6.5 billion to $6

Moby summary of DraftKings Inc.'s Q2 2026 earnings call

What DraftKings’ Latest Earnings Miss Means For Investors DraftKings (DKNG) set the tone for its stock with second quarter 2026 results that missed earnings and revenue expectations, included a swing from profit to loss, yet kept full year revenue guidance unchanged. The company reported Q2 sales of US$1.44b, compared with US$1.51b in the same period last year, and moved from net income of US$157.94 million to a net loss of US$67.61 million. Basic and diluted earnings per share from...

WTI crude crossed $78 as uncertainty over an Iran-Oman shipping agreement fueled inflation concerns.

DraftKings (DKNG) delivered earnings and revenue surprises of -59.09% and -3.84%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CFO Alan Ellingson said the core business remains on track to generate about $1 billion in adjusted core profit this year, giving the company flexibility to invest in Predictions.

DraftKings stock was down slightly in late trading after the company reported weaker-than-expected quarterly results.

↗️ Sweetgreen (SG): Shares of the fast-casual salad chain slumped 15%. The company said its second-quarter loss widened and it lowered its outlook as the cyclosporiasis outbreak weighs on demand. ↗️ Airbnb (ABNB): The short-term rental company raised its forecast for the year citing a ramp up in global demand as it uses artificial intelligence to improve its platform.

Flutter Entertainment (NYSE: FLUT), parent of FanDuel, is having a rough year. The stock is down 57% year to date. The latest quarterly results didn’t help. The company missed on EPS, cut guidance and announced a CEO change. Shares fell 11% on the print. But Michael Burry sees a buying opportunity. In a recent Substack […]

The online sports betting company posted a loss of $67.6 million for the second quarter, compared with a profit of $157.9 million a year earlier.

Sports betting and online gaming company DraftKings Inc (NASDAQ:DKNG) reported second-quarter financial results Thursday after market close. Here are the key highlights. • DraftKings stock is facing resistance. Why is DKNG stock trading lower? DraftKings Q2 Earnings DraftKings reported second-quarter...

DraftKings Inc. (NASDAQ:DKNG) reports second-quarter earnings after the bell today, with the call scheduled for Friday morning. Polymarket gives DraftKings just a 52% chance of beating expectations. What words will be spoken on the call trade on Kalshi, where the...

FLUT stock clocked its worst day since February 27 after its Q2 report.

Sports betting and online gaming giant DraftKings Inc (NASDAQ:DKNG) looks to turn things around when the company reports second-quarter financial results Thursday after market close. Here are the earnings estimates, analyst ratings and key items to watch. DraftKings Q2 Earnings...

Flutter Entertainment announced the resignation of its longtime CEO Peter Jackson when it reported second-quarter earnings on Wednesday. Despite a nine-year tenure that saw Flutter grow from a $2 billion U.K.-focused business to a $16 billion international betting titan, Jackson isn’t going out on a high note. Shares of the world’s largest betting firm and FanDuel parent company were down as much as 14% Wednesday after the firm reported mixed results and reduced its full-year guidance.

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.

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.

U.S. online gambling operator BetMGM on Tuesday downgraded its ‌annual outlook for the second time ‌this year and pushed back its target of reaching $500 ​million in profit, as competition from prediction market platforms mounts intensifies. Licensed sportsbook operators in the U.S. are facing growing pressure from ‌prediction market ⁠platforms such as Kalshi, while FanDuel, DraftKings and Fanatics have launched ⁠similar products, raising customer acquisition costs and threatening sports betting market share.

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.

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.