DraftKings Stock News

Until the IRS says otherwise, sports betting on Kalshi and Polymarket may have a tax advantage over traditional sportsbooks.

Sportsbooks have been having a tough year — but the Paul-Joshua fight was a good night for the house.

DraftKings announces prediction markets launch after months of groundwork. But Truist lowers price target on these risks.

DraftKings Inc. announced its formal entry into the prediction markets with DraftKings Predictions. The launch is a response to increasing prediction market competition. The launch expands DKNG's addressable market massively and brings new markets into the company's offering. DKNG's brand equity should accelerate the platform launch. The prediction markets come with negatives as well. Up-front ...

A costly sportsbook screwup left DraftKings on the hook for nearly $1 million after Massachusetts regulators ordered the payouts tied to a botched MLB parlay scheme.

DraftKings entered prediction markets with the launch of DraftKings Predictions, a standalone app and web product. DraftKings Predictions is now available for eligible U.S. residents and will be added to all major app stores within days, the digital sports entertainment and gaming company said in a Friday (Dec. 19) press release.

Prediction markets could trade a trillion dollars in volume annually by the end of this decade, according to Eilers & Krejcik. Sports is fueling the growth and is forecasted to make up 44% of volume as prediction markets mature.

Macro headwinds that drove an 11% decline in Vegas visitation for conventions and tourism in the last nine months are expected to subside, proven by record advance bookings. Inflation, tariffs, and labor costs being absorbed psychologically has been the endgame for years. Our key picks are significantly undervalued now, and first quarter earnings are expected to rise.