Core Insights - DraftKings Inc. has announced an expanded partnership with Crypto.com to enhance its DraftKings Predictions platform by adding new prediction market contracts [1] - The collaboration aims to integrate regulated markets from Crypto.com's derivatives exchange, expanding the range of sports and events available for prediction [2] Group 1: Partnership Details - The partnership introduces new player-specific NFL and NBA markets, as well as contracts for boxing, golf, soccer, mixed martial arts, tennis, and the Olympic Games [1][2] - Future categories for prediction markets may include entertainment and political events, broadening the scope of the platform [1][3] Group 2: Platform Features - Eligible users can access the DraftKings Predictions platform through a standalone app or via the website, which includes tools for responsible trading [4] - The platform previously offered a limited selection of sports alongside financial event contracts from CME Group, indicating a significant expansion in offerings [2][3]

The meme stock craze exploded in 2021 when Reddit’s WallStreetBets forum began buzzing about GameStop (GME). Hedge funds had heavily shorted the stock, which led to online retail traders speculating about a possible short squeeze. This skyrocketed GameStop’s share price within a short timeframe. Weeks later, the same happened to other stocks. If you’d invested $1,000 in some of these meme stocks back in 2016 or at their IPO for newer companies, your portfolio would look dramatically different today. Some ...

Market Performance - The Dow Jones Industrial Average closed above 50,000 for the first time, marking a significant milestone with an increase of over 2% for the day [1][6] - The NASDAQ and S&P 500 also saw gains of more than 2%, indicating a sharp rebound from a volatile week [2][6] - Key sectors leading the gains included technology, industrials, and materials, with a notable rotation into consumer staples observed throughout January [3][4] Technology Sector Insights - Major technology stocks like Nvidia, Walmart, JP Morgan, and Amazon experienced declines of over 5%, although some cut their losses by the end of the trading day [4] - The software sector faced significant pressure this week, but there was a bounce back observed in some software stocks [4][5] - The market is questioning long-term returns for hyperscalers, with a distinct repricing of expectations affecting their suppliers, while hardware suppliers continue to perform well [8][9] Cryptocurrency Market - Bitcoin rebounded sharply, increasing by over 10% and making a $10,000 move per token, while Ethereum also rose more than 10% [5][6] - Despite the recovery, some strategists caution that the downward trend in the crypto market may not be over yet [6] Federal Reserve Outlook - Federal Reserve Vice Chair Philip Jefferson indicated a hawkish tone on interest rates, suggesting the current policy stance is well-positioned to stabilize the labor market while addressing inflation risks [20][21] - Jefferson raised his GDP outlook to 2.2%, aligning with last year's performance, while noting that inflation has stalled due to tariffs [21][22] - Concerns about the job market persist, with expectations that the unemployment rate will remain steady around 4.4% [22][23] DraftKings and Super Bowl Betting - DraftKings anticipates significant customer engagement and acquisition during the Super Bowl, estimating $1.7 billion in wagers for the event [27][28] - The company has launched DraftKings Predictions and added Crypto.com to its platform, enhancing its offerings for the Super Bowl [35][36] - DraftKings is focusing on states without legal online sports betting for its prediction products, aligning consumer demand with regulatory compliance [41][42]

New exchange connection brings first player-specific sports event contracts to DraftKings Predictions BOSTON, Feb. 06, 2026 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced an agreement with Crypto.com | Derivatives North America (“Crypto.com”), a global cryptocurrency platform and CFTC-regulated derivatives exchange, to broaden the prediction markets available on DraftKings Predictions. The expansion marks the first player-specific sports event contracts of ...

Joining us now in San Francisco is Contessa Brewer along with DraftKing CEO Jason Robbins. Contessa Sarah, thank you very much for that. Look, we're looking in the gambling industry to set another new record for Super Bowl handler, the amount wager, the industry thinks $1.7% billion. How's it looking? Are you expecting another record this year? >> Well, we're expecting really big things. I don't know if it'll be another record or not. We're in our quiet period, as you know, so have to be careful on that. Bu ...

DraftKings Inc. (NASDAQ:DKNG) is one of Cathie Wood’s 10 stock picks with huge upside potential. Mixed Analyst Sentiment on DraftKings (DKNG) Ahead of Fourth-Quarter Results Courtesy of Draftkings As of February 2, 2026, over 80% of analysts covering DraftKings Inc. (NASDAQ:DKNG) remain bullish, with a consensus upside potential of 64.10%. The recent analyst action came ahead of Q4 results, scheduled to be announced on February 12, 2026. On January 30, 2026, Rothschild & Co reduced its price target on ...

DraftKings Inc. (NASDAQ:DKNG) is trading higher in Wednesday’s premarket session after hitting a 52-week low during Tuesday’s regular trading.The stock touched $25.72 during Tuesday’s session, marking its lowest level in a year, before rebounding in after-hours and premarket trading.Regulatory Headwinds Weigh On SentimentDraftKings has faced pressure following the Commodity Futures Trading Commission’s announcement that it will draft “clear rules” for prediction markets and withdraw a proposal that prohibit ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Considering buying ROKU stock? Here’s what analysts think: Photo via Shutterstock ...

Core Insights - The NFL is prohibiting prediction market advertisements during Super Bowl LX, categorizing them alongside firearms and tobacco as prohibited advertising categories [3][4] - Despite the ban on prediction market ads, sports betting companies like DraftKings and FanDuel are expected to advertise during the Super Bowl, with ad costs ranging from $8 to $10 million for 30-second spots [5][6] - Prediction markets will still operate, allowing bets on the game's outcome and other sports events, raising concerns about insider trading due to potential knowledge of commercial participation by company executives [7][8] Group 1: NFL's Advertising Policy - The NFL has placed prediction markets on its prohibited advertising list for the entire 2025 season, reflecting concerns over game integrity and lack of safeguards compared to regulated sports betting [3][4] - Other sports leagues have partnered with prediction market companies, highlighting the NFL's unique stance on this issue [4] Group 2: Commercial Impact - Companies are investing heavily in Super Bowl commercials, with costs between $8 to $10 million for a 30-second ad, indicating the high value placed on brand visibility during the event [6] - The absence of ads from prediction market companies like Kalshi and Polymarket does not hinder the overall demand for ad placements, as many other companies are eager to participate [6] Group 3: Prediction Markets and Concerns - Prediction markets will continue to allow betting on various outcomes, including Super Bowl commercials, which raises concerns about insider trading among employees of companies running ads [7][8] - The NFL's reluctance to embrace prediction markets may result in missed revenue opportunities, as the league prioritizes regulatory compliance and game integrity [8]

Why should investors care? Emerging factors like the punt factor are often missing from backtests, so investors and risk managers can unintentionally double up exposures or underestimate contagion risk if speculative flows unwind quickly.What about tech stocks? Technology-heavy QQQ shows meaningful spillovers from crypto – de Silva warns “if you’re trading Nasdaq, you should realise that what’s going on in crypto is going to affect you” – though institutional owners can cushion volatility.How strong is the ...