DKNG shares fell to their lowest level since 2023 amid a broad industrywide selloff, with the company weighing increased prediction market spending.

CEO Michael Rubin is considering roughly $1 billion in betting ad spending as Fanatics looks to close the gap with the two market leaders.

The suit adds regulatory and reputational risk for DraftKings as scrutiny of sportsbook marketing practices grows.

New York collects over $1 billion annually from gambling taxes, and the rise of event-contract trading could erode that base.

CEO Jason Robins said prediction market products are growing faster than expected ahead of the NFL season.

The case highlights how prediction markets may bypass the self-exclusion systems used by regulated sportsbooks.

Illinois continues a sustained streak of billion-dollar monthly wagering totals.

The prominent investor's disclosure signals a contrarian bet on Flutter after the sector selloff.

Alberta's newly regulated iGaming market is adding operators, including DraftKings and Betway Canada.

Ohio's August figures show revenue declining faster than the state's overall betting activity.

The analysis, published in Tax Notes, could shape how event contracts are treated under federal tax law.

North Carolina's handle streak continues, though August revenue fell faster than wagers.

Federal prosecutors brought charges connected to an unlicensed sports wagering operation.

The online poker network operated with FanDuel posted double-digit growth in August, per an industry report.

Sell-side analysts remain moderate on DKNG even as the stock trades near multi-year lows.

Robins responded to criticism of the company's marketing and player-protection practices.

The note points to handle growth as a counterweight to investor concerns about sectorwide share declines.

The awards capped SBC Summit in Lisbon, where supplier and operator excellence was recognized.