DraftKings stock jumps as BofA upgrades to Buy, cites prediction market upside
The upgrade treats DraftKings' prediction market exposure as an opportunity rather than a competitive threat, with BofA pointing to hundreds of millions in pote
Yahoo Finance Singapore · +14 outlets
Fanatics plans to spend up to $1 billion on sportsbook advertising in 2027
The budget signals an escalation in US sportsbook marketing competition as Fanatics pushes to gain share against DraftKings and FanDuel.
The Sports Geek · +12 outlets
Federal court grants CFTC and Kalshi preliminary injunctions against Illinois
A rare 2026 court win for prediction markets against state regulators, with the judge siding with the CFTC and two of its registrants.
Sbcamericas · +14 outlets
Ohio sends 10 cease-and-desist letters to prediction markets after Sixth Circuit win
The Ohio Casino Control Commission is expanding its crackdown on platforms it says are illegally offering sports event contracts in the state.
Sbcamericas · +7 outlets
Kalshi tops FanDuel and DraftKings in Week 4 NFL pricing
Prediction market Kalshi's pricing competitiveness against major sportsbooks adds pressure on the incumbents' US sports betting economics.
RotoWire · +14 outlets
Prediction markets notch $9 billion weekend as August sports betting results stay modest
The roundup contrasts softer state sports betting results with heavy prediction market volume, underscoring the shift in US event wagering.
The Closing Line · +1 outlets
DraftKings sportsbook launches in Alberta as Canadian market opens
Alberta's newly regulated online betting market has drawn DraftKings and FanDuel as operators expand into Canada's provincial frameworks.
RotoWire · +14 outlets
Major sportsbooks back Nebraska's online sports betting ballot push
Operators are investing in a campaign to legalize online sports betting in a state that currently allows only retail wagering.
Covers.com · +13 outlets
Ohio sports betting revenue falls 19.9% in August 2026
The decline in Ohio revenue adds to a run of softer monthly state results for US sportsbooks.
Betting News
DraftKings hit three-year low as Flutter shares also slide
The selloff marked a multi-year low for DraftKings before the subsequent analyst upgrade rebound.
Bonus.com · +7 outlets
Iowa sports betting handle reaches $185.5M in August 2026
Iowa's August handle provides another data point on state-level wagering volumes as operators report mixed monthly results.
Betting News · +1 outlets
DraftKings' prediction market upside seen as opportunity, not threat
BofA argues the company can convert prediction market competition into a fee-generating business line.
Yahoo Finance · +13 outlets
SBC Summit to remain in Lisbon through 2030 under new agreement
The deal with Turismo de Portugal formalizes Lisbon as host of the industry's flagship conference for the rest of the decade.
Sbcamericas · +14 outlets
Kalshi faces scrutiny over legitimacy and safety of prediction market exchange
Growing retail interest in prediction markets has raised consumer questions about regulation and platform safety.
MLive.com · +9 outlets
DraftKings shares rise 7.8% on analyst upgrade
The move reflects the market's response to BofA's upgrade and its prediction market thesis.
MarketBeat · +5 outlets
G2E and DraftKings lead Wall Street Bets roundup
An analyst roundup covers G2E takeaways and DraftKings sentiment heading into the sector's next earnings cycle.
CDC Gaming · +2 outlets
DraftKings stock draws bull note as shares attempt rebound
Options and sentiment commentary follows the stock's recovery attempt after touching multi-year lows.
Schaeffer's Investment Research
Wall Street roundup: analysts see DraftKings turning prediction markets into a tailwind
Coverage of BofA's view that DraftKings can monetize prediction market activity rather than lose share to it.
Finimize · +1 outlets