DraftKings director Sloan buys $2.18 million in shares
DraftKings director Harry Sloan recently purchased 100,000 shares of Class A Common Stock for $2.18 million. This insider acquisition comes amid varying analyst sentiments following the company's fourth-quarter earnings, which beat expectations but included a concerning future guidance, leading several firms to lower their price targets. Sloan's increased stake now totals 350,219 shares.
DraftKings Crypto.com Deal Tests Promise Of Regulated Prediction Markets
DraftKings is expanding its federally regulated prediction markets through a new partnership with Crypto.com, allowing it to offer event contracts tied to sports, culture, and politics. This move signals DraftKings' push beyond traditional online sports betting and fantasy contests. The expansion, while potentially a headwind for earnings according to some analysts, widens DraftKings' addressable market and offers a way to participate in the growing prediction market segment.
DraftKings Inc. SEC 10-K Report
DraftKings Inc. has released its 2025 Form 10-K report, revealing significant financial growth with total revenue reaching $6,054.5 million, a 27% increase from 2024, and a positive net income of $3.7 million. The company expanded its Sportsbook and iGaming operations and launched "DraftKings Predictions," while also managing capital through debt, equity, and stock repurchases. DraftKings faces challenges including intense competition, economic downturns, cybersecurity risks, and regulatory changes, but plans to continue expanding product offerings, entering new jurisdictions, and improving profitability.
Is DraftKings Inc Gaining or Losing Market Support?
DraftKings Inc.'s short interest as a percentage of float has decreased by 4.24% since its last report, indicating a potentially more bullish sentiment among investors. Despite the decline, the company's short interest of 7.45% remains higher than the average of its peers, which stands at 6.61%. This analysis helps track market sentiment towards the stock based on short selling activity.
DraftKings Crypto.com Deal Signals New Direction For Prediction Markets
DraftKings is expanding its prediction markets through a new partnership with Crypto.com, introducing player-specific sports event contracts and extending offerings into politics, entertainment, and culture. This move pushes DraftKings beyond traditional sports wagering into regulated prediction markets, leveraging Crypto.com's large digital asset user base. Investors should consider how quickly these new markets gain traction and fit within existing regulatory frameworks, noting the stock's current valuation well below analyst targets despite weak short-term momentum.
DraftKings Crypto.com Deal Expands Regulated Prediction Markets For Investors
DraftKings has partnered with Crypto.com to expand its regulated prediction markets, including player-specific sports event contracts and plans for broader categories like politics and entertainment. This move aims to engage users in states where online sports betting is not yet legal and offers a capital-light product next to its core sportsbook. The partnership positions DraftKings within a CFTC-regulated framework, potentially driving growth but also facing regulatory scrutiny and competition risks.
Crypto.com Spins Out 'OG' Predictions App Ahead Of Super Bowl LX
Crypto.com has launched "OG," a new standalone predictions app, strategically timed to coincide with Super Bowl LX, a major event for legal sports wagering. This move comes as prediction markets are experiencing significant growth, with rivals Kalshi and Polymarket reporting record trading volumes. The company is also utilizing a "backdoor" public listing strategy through a treasury deal with Trump Media (DJT) and a new vehicle, MCGA, to gain public market exposure.
DraftKings Confronts Prediction Market Rivals As Valuation Signals Upside Potential
DraftKings (DKNG) is facing increasing competition from prediction market platforms and is launching its own prediction-style products to retain users. Despite an investor exit due to competitive risks, Simply Wall St's valuation model suggests significant upside potential, with the stock trading well below analyst targets and its estimated fair value. Investors should monitor user engagement with new offerings and the impact on marketing costs.
DraftKings Stock Falls As CFTC Shifts Prediction Market Policy
DraftKings (DKNG) stock declined after Guggenheim lowered its price target and the CFTC announced a policy shift regarding prediction markets. The CFTC plans to draft clear rules for prediction markets and withdraw previous proposals prohibiting sports and politics-related contracts, aiming to provide regulatory clarity for event contracts. Investors are anticipating DraftKings' next earnings report on February 12, with estimates of 37 cents EPS and $1.96 billion in revenue.
What DraftKings (DKNG)'s ClearBridge Exit Over Prediction-Market Competition Means For Shareholders
ClearBridge Investments recently exited its position in DraftKings (DKNG) due to concerns about rising competition from prediction markets and uncertainty regarding DraftKings' medium-term business model. This move occurred despite DraftKings potentially benefiting from NFL playoff betting volume and upcoming Q4 2025 earnings and Investor Day in March 2026. The article discusses how ClearBridge's exit shapes DraftKings' investment narrative, especially as DraftKings launches its own CFTC-regulated Predictions product, adding both growth potential and regulatory risk.
DraftKings, Flutter In Focus As BofA Sees Online Betting Driving Gaming Stocks Into 2026
BofA Securities analyst Shaun C. Kelley projects that online sports betting will continue to be a primary driver for gaming stocks into 2026, despite recent short-term softness in Las Vegas, regional casinos, and Asia. DraftKings is expected to outperform in Q4 earnings, while FanDuel may face more pressure. The report also highlights mixed trends in Las Vegas, diverging performances in Asia, and some regional casino strength offset by increased competition in certain areas.
Should DraftKings’ (DKNG) New Responsible Gaming and Predicts Tools Prompt a Rethink of Its Growth Strategy?
DraftKings (DKNG) has integrated Mindway AI's Gamalyze tool for responsible gaming and launched "DraftKings Predicts," expanding its reach to non-betting states. These initiatives aim to balance growth with player protection, influencing DraftKings' long-term revenue mix and risk profile amidst evolving regulatory landscapes. The article suggests these moves could reshape DraftKings' investment narrative and growth opportunities, with analysts projecting significant revenue and earnings growth by 2028.
Kalshi Hits Record Volume Thanks To NFL Playoffs: Will Prediction Markets Hurt Sports Betting Stocks In 2026?
Prediction markets like Kalshi are experiencing record trading volumes, particularly driven by NFL Playoff betting, with sports accounting for a significant portion of their activity. This growth poses a potential threat to traditional sports betting companies like DraftKings and Flutter Entertainment, which are now seeing their stocks underperform. The key question is whether these prediction markets are siphoning customers from established sportsbooks or expanding the overall betting market, a trend that investors will closely monitor in upcoming earnings reports.
DraftKings User Gets Class Status in Suit Over Canceled NBA Bets
An Indiana resident has been granted class status in a lawsuit against DraftKings Inc., alleging that the company canceled his and 98 other users' winning NBA bets without payment. The lawsuit claims that Matthew McAfee and 98 other Indiana residents placed 140 winning bets on the same game through the DraftKings app but were not paid, leading to the judge's decision that there is a "common nucleus of operative facts and issues."
DraftKings, Flutter Sell-Off 'Overdone': Analyst Says Prediction Markets Provide $5 Billion Opportunity
Macquarie analyst Chad Beynon believes the recent sell-off in DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) shares, driven by concerns over prediction markets, is "unwarranted." Beynon maintains Outperform ratings for both companies, suggesting they have a combined $5 billion opportunity within the prediction market space. He argues that prediction markets are not directly competitive with traditional sportsbooks and could be a net benefit to the companies' EBITDA.
DraftKings Independent Vice Chairman of the Board Acquires 11% More Stock
DraftKings' Independent Vice Chairman, Harry Sloan, recently purchased US$758k worth of the company's stock, increasing his holding by 11%. Despite this insider buying, the company has seen more insider selling than buying over the past year, with insiders selling US$5.7m worth of shares compared to US$1.1m purchased. While insider ownership remains high at 2.3% (US$363m), the net insider selling activity over the last 12 months suggests caution.
DraftKings Inc. - Class A Common Stock (Nasdaq:DKNG) Stock Quote
This page provides a stock quote and recent news for DraftKings Inc. (DKNG), detailing its current trading price, volume, and daily/52-week ranges. It also compiles a list of recent news headlines, primarily from December and November 2025, covering topics like stock performance, prediction markets, and company announcements. The article further includes frequently asked questions about DKNG's public trading status and ticker symbol.
Draftkings’ chief legal officer Dodge sells $1.53m in stock
DraftKings' Chief Legal Officer, Dodge R. Stanton, sold 52,777 shares of Class A Common Stock for over $1.53 million on November 6, 2025, while also exercising stock options for the same number of shares. Following these transactions, Stanton directly owns 500,454 shares and 1,420,170 stock options. This sale comes amidst DraftKings reporting third-quarter revenue below analyst expectations, leading to lowered full-year guidance and revised price targets from analysts.
DraftKings' Brand Advantage Intact, Despite Predictive Sports Betting Competition
Morningstar believes DraftKings retains a brand advantage due to its technology and product offerings, despite competition from peers and the rise of predictive sports betting. The company's in-house technology platform allows for strong customer data leverage and new product launches, bolstered by its financial strength. DraftKings has successfully extended its daily fantasy sports leadership into a top position in the North American sports betting and i-gaming market.
DraftKings Chief Legal Officer Sells Over $1.5 Million in Company Stock
DraftKings' Chief Legal Officer and 10% owner, Dodge R Stanton, sold 52,777 shares of Class A Common Stock on November 6, 2025, for a total of $1,530,533. Following this transaction, Stanton directly owns 500,454 shares of DraftKings' Class A Common Stock. The sale was reported in an SEC Form 4 filing.
Draftkings’ chief legal officer Dodge sells $1.8m in shares
DraftKings' Chief Legal Officer, Dodge R. Stanton, recently sold 52,777 shares of Class A Common Stock for over $1.8 million and exercised options for 40,142 shares. This activity comes as DraftKings (NASDAQ: DKNG) is considered undervalued by InvestingPro and is strategically expanding into prediction markets through an acquisition, while analysts maintain a bullish outlook despite potential volatility.
Northland, Mizuho Cut DraftKings (DKNG) PT Amid Rising Competitive Threat from Prediction Markets
Northland and Mizuho have lowered their price targets for DraftKings (DKNG) due to concerns about increased competition from prediction markets, such as Kalshi. Northland reduced its target from $55 to $45, while Mizuho decreased its target from $57 to $49, both maintaining their buy ratings. This adjustment reflects the perceived threat these emerging platforms pose to DraftKings' core sports betting business.
DraftKings Inc. SEC 10-K Report
DraftKings Inc. has released its 2024 10-K report, detailing significant financial growth with total revenue up 30.1% to $4,767.7 million and a substantial improvement in net loss. The report highlights strategic expansions into new jurisdictions, product innovation, and acquisitions while outlining challenges like competition and regulatory risks. DraftKings plans to continue investing in product offerings, expanding market presence, and improving profitability.
Otter Creek Advisors LLC Boosts Holdings in DraftKings Inc. $DKNG - MarketBeat
Otter Creek Advisors LLC significantly increased its stake in DraftKings Inc. (NASDAQ:DKNG) by 87.3% during the second quarter, making it their 23rd largest holding. Other institutional investors also adjusted their positions in the company. The article details DraftKings' recent financial performance, including its stock price, market capitalization, earnings per share, and revenue, alongside analyst ratings and company profile.
NorthRock Partners LLC Takes Position in DraftKings Inc. $DKNG
NorthRock Partners LLC has acquired a new position in DraftKings Inc. (NASDAQ:DKNG) by purchasing 8,120 shares valued at approximately $348,000 in the second quarter. Other institutional investors also adjusted their holdings in DraftKings, with the stock currently trading down 0.9% and analysts maintaining a "Moderate Buy" consensus rating with an average price target of $53.00. The company reported better-than-expected quarterly earnings and revenue, providing a positive outlook despite current stock performance.
DraftKings Inc. (NASDAQ:DKNG) Receives Consensus Recommendation of "Moderate Buy" from Analysts - MarketBeat
DraftKings Inc. (NASDAQ:DKNG) has received a "Moderate Buy" consensus recommendation from 31 research firms, with an average target price of $53.00. The company reported a significant 36.9% year-over-year revenue increase to $1.51 billion and an earnings per share of $0.30, surpassing expectations. Institutional investors hold 37.70% of the stock.
TD Asset Management Inc Sells 106,689 Shares of DraftKings Inc. $DKNG
TD Asset Management Inc significantly reduced its stake in DraftKings Inc. by selling 106,689 shares, decreasing its holdings by 6.6%. Despite this, other institutional investors have increased their positions in DKNG, while analysts maintain a "Moderate Buy" rating with an average price target of $53.00. The company recently reported strong quarterly earnings, surpassing analyst estimates for both EPS and revenue.
IFG Advisors LLC Takes Position in DraftKings Inc. $DKNG
IFG Advisors LLC recently acquired a new stake of 8,102 shares in DraftKings Inc. valued at approximately $347,000 during the second quarter. The article also notes significant insider selling, with R Stanton Dodge selling over 105,000 shares for roughly $5 million. DraftKings currently holds a "Moderate Buy" consensus rating from analysts, with a target price of $53.00.
Envestnet Portfolio Solutions Inc. Acquires 8,735 Shares of DraftKings Inc. $DKNG
Envestnet Portfolio Solutions Inc. increased its stake in DraftKings Inc. by 5.6% during the second quarter, bringing its total holdings to 164,968 shares valued at $7.075 million. Other institutional investors also adjusted their positions in DraftKings, which reported better-than-expected quarterly earnings and revenue, though one analyst firm did lower its price target. The article details DraftKings' stock performance, market capitalization, and financial ratios.
Cwm LLC Acquires 47,875 Shares of DraftKings Inc. $DKNG
Cwm LLC has increased its stake in DraftKings Inc. by 35.4%, acquiring an additional 47,875 shares, bringing its total holdings to 183,230 shares valued at approximately $7.86 million. DraftKings reported strong quarterly earnings of $0.30 per share, surpassing analyst expectations, with revenue reaching $1.51 billion, a 36.9% increase year-over-year. Despite institutional buying, insider trading activity shows executives collectively sold 658,331 shares for $29.29 million in the last quarter.
Allspring Global Investments Holdings LLC Sells 678,712 Shares of DraftKings Inc. $DKNG - MarketBeat
Allspring Global Investments Holdings LLC significantly reduced its stake in DraftKings Inc. by selling 678,712 shares, decreasing its position by 24.9% in the second quarter. The firm now holds 2,049,770 shares of DraftKings, valued at approximately $86.07 million. Other institutional investors also adjusted their holdings, while analyst ratings on DraftKings are predominantly "Buy" with an average target price of $53.17.
Cathie Wood Is Buying The Dip In DraftKings Stock. Should You? - Barchart.com
Cathie Wood's Ark Invest has recently bought over 511,000 shares of DraftKings (DKNG) stock following a 25% dip. Despite macroeconomic uncertainties, regulatory challenges, and a highly competitive market, analysts maintain a "Strong Buy" rating for DKNG, with a consensus price target indicating significant upside potential. The company reported robust Q2 financial growth, exceeding expectations, and is poised to benefit from the ongoing NFL season.
Udine Wealth Management Inc. Boosts Position in DraftKings Inc. $DKNG
Udine Wealth Management Inc. significantly increased its stake in DraftKings Inc. by 38.3% in the second quarter, now holding shares valued at approximately $2.5 million. This comes as DraftKings receives mixed sentiment from analysts, with some downgrading price targets while the company exceeded earnings estimates with $0.30 per share and a 36.9% year-over-year revenue increase. Institutional investment in DraftKings remains strong, with several firms boosting their positions.
Waypoint Wealth Counsel Takes $333,000 Position in DraftKings Inc. $DKNG
Waypoint Wealth Counsel initiated a new position in DraftKings Inc. by purchasing 7,774 shares valued at approximately $333,000 during the second quarter. DraftKings reported strong quarterly revenue of $1.51 billion, surpassing analyst expectations. The company maintains a "Moderate Buy" consensus rating from analysts, with a target price of $53.28.
DraftKings and Flutter: Online Sports Platforms Face Uncertainty from Predictive Event Competition
Shares of DraftKings and Flutter dropped after Kalshi, a predictive market company, reported record sports contract volume, raising questions about whether predictive event platforms are expanding the market or taking share from traditional online sports apps. Kalshi's success is partly due to its ability to operate in more states and to a younger demographic than online sports companies. Despite this, Morningstar is maintaining its fair value estimates for DraftKings and Flutter, noting their strong revenue growth and potential interest in entering the prediction event markets.
The Early Line: DraftKings, NBCUniversal Announce 'Multi-Year Collaboration'
DraftKings and NBCUniversal have announced a multi-year advertising agreement that will integrate DraftKings across NBCUniversal's extensive sports portfolio. This collaboration aims to expand DraftKings' presence in sports broadcasting and strengthen its position as a leader in immersive sports entertainment experiences. The article also covers other significant gambling industry news, including a letter questioning the CFTC's allowance of sports-related prediction markets, the National Council on Problem Gambling losing control of the 1-800-GAMBLER helpline, and new developments in sports betting partnerships and casino projects.
DraftKings Inc. Enters Multi-Year Advertising Agreement with NBCUniversal to Enhance Sports Broadcasting Presence
DraftKings Inc. has signed a multi-year advertising agreement with NBCUniversal, significantly increasing its presence across major sports broadcasting through exclusive integrations and digital sponsorships. This partnership will allow DraftKings to engage with millions of fans during key events such as the Super Bowl and FIFA Men's World Cup, leveraging NBCUniversal's extensive reach. The collaboration aims to deliver innovative customer experiences by combining DraftKings' leadership in sports betting with NBCUniversal's premium content.
MLBPA, DraftKings Agree to Settle NIL Suit
The MLB Players Association and DraftKings have reached a settlement in a lawsuit filed by the union alleging the gambling company illegally used players' names, images, and likenesses to promote prop bets. The terms of the settlement were not disclosed, but it follows similar swift settlements with FanDuel and the dismissal of a case against Bet365. This resolution marks another instance of the MLBPA actively protecting its members' NIL rights.
DraftKings Inc (NASDAQ:DKNG) Exhibits Strong Technicals and High-Quality Breakout Setup
DraftKings Inc (NASDAQ:DKNG) shows strong technical indicators with a Technical Rating of 9 and a Setup Rating of 8, suggesting a high-quality breakout setup. The stock exhibits robust trend health, positive momentum, and a clear consolidation pattern with support around $44.72. This indicates a potential upward movement, with a proposed breakout level near $47.39 and a controlled stop-loss, presenting a favorable risk profile for investors.
DraftKings, Flutter Entertainment Shares Slide After Robinhood Launches Football Prediction Markets
Shares of DraftKings and Flutter Entertainment are trading lower after Robinhood Markets announced the launch of pro and college football prediction markets. This new offering from Robinhood is seen as a potential threat to the market share of traditional sportsbooks, as it could bypass some fees and offer higher payouts to users. The increased competition has led to selling pressure on DraftKings and Flutter shares.
Draftkings’ Kalish sells $17.9m in shares
Matthew Kalish, Director and President - DraftKings, North America, at DraftKings Inc., sold 420,000 shares of Class A Common Stock for a total of $17.9 million on August 11 and 12, 2025. These sales were executed under a pre-arranged 10b5-1 trading plan. The company recently reported strong second-quarter earnings, surpassing analyst expectations, and several firms have reiterated positive ratings and increased price targets for DraftKings.
DraftKings Reports Second Quarter Revenue Growth of 37% to $1,513 Million
DraftKings (Nasdaq: DKNG) announced record second-quarter 2025 financial results, with revenue up 37% to $1,513 million, net income of $158 million, and Adjusted EBITDA of $301 million. The company is maintaining its fiscal year 2025 revenue guidance of $6.2 billion to $6.4 billion and Adjusted EBITDA guidance of $800 million to $900 million, expecting to hit the higher end of the revenue range. Growth was driven by customer engagement, efficient acquisition, higher Sportsbook hold percentage, and the acquisition of Jackpocket.
New York judge dismisses consumer class lawsuit against DraftKings
A New York judge has dismissed a consumer class lawsuit against DraftKings, ruling that the company's promotional offer for a $1,000 sign-up bonus was neither deceptive nor fraudulent. The plaintiff failed to demonstrate that DraftKings intended to mislead a reasonable consumer, as the promotion clearly stated that bonus funds were earned as users played and specified terms for receiving up to $1,000. This decision follows DraftKings' prior motion to dismiss the claims.
DraftKings Beats User’s Deceptive, Fraudulent Marketing Claims
A US District Court judge dismissed a class-action lawsuit against DraftKings, ruling that the company's $1,000 sign-up bonus promotion was not deceptive or fraudulent. The court found that DraftKings adequately disclosed the terms and conditions of its promotion, which required users to meet specific criteria to receive the full bonus value. The plaintiff's claims of New York General Business Law violations, intentional misrepresentation, fraudulent inducement, and unjust enrichment were all rejected.
As DraftKings Weighs Entry into Prediction Markets, How Should You Play DKNG Stock?
DraftKings (DKNG) is reportedly considering acquiring Railbird, a federally regulated prediction market platform, marking a potential expansion beyond traditional sports betting. This move follows DraftKings' failed attempt to secure its own license and aims to diversify revenue streams. The article suggests that DKNG stock could be a good buy, citing strong Q1 2025 revenue, positive adjusted EBITDA, and analyst forecasts for significant revenue and earnings growth.
DraftKings ‘Risk-Free’ Bets, Other Promotions Instilled Gambling Addiction: Lawsuit
A class action lawsuit has been filed against DraftKings, alleging that its "risk-free" and "no sweat" promotions are designed to create gambling addictions. Five plaintiffs in Pennsylvania claim that deceptive advertising led to financial losses by requiring players to deposit their own funds, which are then lost, and by offering "Bonus Bets" instead of cash refunds for supposed risk-free wagers. The lawsuit seeks class action status for all Pennsylvania customers, accusing DraftKings of intentional misrepresentation and unjust enrichment through predatory marketing practices.
2025 US Gaming Stock Trends: The Odds Look Strong
The US gaming industry is poised for strong revenue growth in 2025, primarily driven by the expanding digital sector (sports betting and i-gaming), despite a lagging share performance for some gaming stocks. While traditional Las Vegas gaming sees slower growth and regional casinos face challenges, broader legalization of sports betting and i-gaming in new states is expected to fuel double-digit industry sales growth. Financial advisors should consider the attractive valuations of certain gaming stocks and the shift towards digital platforms as key investment opportunities.
California Poised for Legal Reckoning Over Daily Fantasy Sports
The California Attorney General is expected to declare daily fantasy sports (DFS) as illegal gambling under existing state law. This comes as DraftKings faces a class-action lawsuit in California alleging deceptive and illegal DFS operations. Additionally, a federal judge has ruled that a lawsuit against the sweepstakes gaming site Stake.us must proceed through private arbitration rather than a courtroom trial.
Draftkings class action claims ‘Fantasy Sports’ contests are illegal
A class action lawsuit has been filed against DraftKings Inc. alleging that its "Daily Fantasy Sports" and "Pick6" contests are illegal forms of gambling in California. Three California residents claim DraftKings falsely advertises the legality of these contests within the state, violating California’s anti-gambling laws. The plaintiffs are seeking declaratory, injunctive, and monetary relief for themselves and other California residents who have placed bets on DraftKings.
Here's Why DraftKings (NASDAQ:DKNG) Can Afford Some Debt
DraftKings Inc. (NASDAQ:DKNG) carries debt, which is a significant factor in assessing a company's risk. As of March 2025, DraftKings had US$1.84 billion in debt, offset by US$1.12 billion in cash, resulting in a net debt of US$722.8 million. While the company has grown its revenue to US$5.0 billion, it reported an EBIT loss of US$505 million, leading to concerns about its balance sheet health and the amount of debt it carries.
