It's estimated that around 90% of Kalshi's prediction-market fees revenue has been tied to sports in recent months. ...

DraftKings, FanDuel Parent Rally On Legislation That Targets Prediction Markets | Investor's Business Daily BREAKING: Futures Rise, Oil Prices Fall On Iran Deal Hopes A bipartisan bill in the U.S. Senate would ban sports betting on prediction markets, a move that would benefit betting platforms such as DraftKings (DKNG), FanDuel parent Flutter Entertainment (FLUT) as well as Rush Street Interactive (RSI). The bill targets prediction-market exchanges such as privately held Kalshi and Polymarket, which offer ...

DraftKings and Flutter Stocks Rally on New Bill to Ban Sports Betting Through Prediction Markets - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.DraftKings and Flutter Rally on Bill to Ban Sports Betting Through Prediction MarketsBy Nick Devo ...

DraftKings and Flutter Stocks Rally on New Bill to Ban Sports Betting Through Prediction Markets - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.DraftKings and Flutter Rally on Bill to Ban Sports Betting Through Prediction MarketsBy Nick Devo ...

DKNG is trying to rally off its post-earnings lows, but has work to doDraftKings Inc (NASDAQ:DKNG) stock is 3.8% higher to trade at $24.57 at last check, after the Wall Street Journal reported U.S. Senators were introducing a bipartisan bill that would ban sports betting from prediction markets. Companies like Kalshi and Polymarket have taken a chunk of sportsbooks' market share for betting, a headwind that contributed to DKNG's 13.5% post-earnings bear gap on Feb. 13.Sector peer Flutter Entertainment (FLUT ...

Quick Read DraftKings (DKNG) reported Q4 2025 revenue of $1.99B, up 42.8% year-over-year, with adjusted EPS of $0.36 beating consensus by 100%, and achieved its first full-year GAAP net income while expanding into DraftKings Predictions. Penn Entertainment (PENN) posted 73% year-over-year online sportsbook growth and 40% iCasino growth in Q4 2025, with its Interactive segment achieving positive adjusted EBITDA in December following the strategic reset and ESPN partnership termination. A broad market ...

DraftKings stock jumped ahead of the open Monday following a report that lawmakers are seeking to ban sports bets from prediction markets. ...

March Madness Isn't Helping DraftKings or FanDuel Owner Flutter Entertainment - Barron's Skip to Main Content This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. March Madness Isn't A Slam Dunk Reason to Buy DraftKings or Flutter Stock | By Paul R. La Monica | | --- | | Shar ...

Core Insights - Sports betting stocks are not experiencing a boost from the NCAA tournament, indicating a potential stagnation in the market [1] - There are ongoing concerns regarding competition from platforms like Kalshi and Polymarket, which may be impacting investor confidence in traditional sports betting stocks [1] Industry Summary - The performance of sports betting stocks is currently underwhelming despite the NCAA tournament, which is typically a high-traffic period for betting [1] - The emergence of alternative betting platforms such as Kalshi and Polymarket is raising competitive concerns, suggesting that traditional sports betting companies may face challenges in maintaining market share [1]

Core Viewpoint - DraftKings presents a significant investment opportunity with a price target of $50, which is approximately double its current stock price of $23.67, indicating potential for solid performance in the coming years [2][5]. Company Overview - DraftKings has a market capitalization of $12 billion and operates within a competitive landscape that includes regulatory challenges and emerging prediction markets [6][3]. - The company is leveraging its brand strength and technological advantages to capture a larger share of the expanding online gaming and sports betting market [6]. Market Potential - Management forecasts the total addressable market for DraftKings to grow from $34 billion in 2025 to between $55 billion and $80 billion by 2030, representing a midpoint growth of 15% [4]. - The prediction market segment is expected to become a $10 billion gross revenue opportunity for DraftKings, with higher gross margins than traditional sportsbooks, leading to accelerated revenue and earnings growth [6][7]. Strategic Initiatives - DraftKings has launched its own prediction market to compete with other platforms, integrating it into its existing sportsbook for a seamless user experience [3]. - The company plans to utilize advanced technology to act as a market maker in prediction markets, which could enhance its revenue streams and profitability [7]. Financial Outlook - Management's guidance for 2026 includes an adjusted EBITDA of $800 million, with the current enterprise value being 16.5 times that figure, suggesting a favorable valuation [8]. - Analysts expect strong EBITDA growth in 2027, with the company's current valuation at just 10 times its expectations, indicating a significant margin of safety and potential for stock price appreciation [8].