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DraftKings Supercharges Predictions With Crypto.com Partnership - DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-07 19:16
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]
Why 2026 will be 'very volatile' for stocks, DraftKings CEO talks Super Bowl, sports betting outlook
Youtube· 2026-02-06 22:42
Hello and warm. Welcome to Market Domination Overtime. Stocks ending the week on a high note after a bruising tech selloff this week.The Dow hitting a milestone. And let's kick it over to Yahoo Finances in ESA with the trading action in NNS. 50,000.We did it in the Dow. >> That's right. 50,000 in the Dow up more than two% for today. A record for the Dow.Look, I was on the floor of the stock exchange when we were going to 40,000, now 50,000. I mean, these are coming quicker and quicker, it seems. Over on the ...
DraftKings Expands Prediction Markets Catalog in Deal With Crypto.com
Globenewswire· 2026-02-06 20:54
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 ...
Draftkings CEO on Super Bowl: 'We're expecting really big things'
Youtube· 2026-02-06 18:39
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 ...
Mixed Analyst Sentiment on DraftKings (DKNG) Ahead of Fourth-Quarter Results
Yahoo Finance· 2026-02-06 05:32
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 Stock Recovers After Hitting 52-Week Low — What's Going On? - DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-04 13:27
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 ...
Roku To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Tuesday - Salesforce (NYSE:CRM), DraftKings (NASDAQ:DKNG)
Benzinga· 2026-02-03 13:57
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 ...
NFL Puts Prediction Markets On Banned List Alongside Tobacco, Firearms For Super Bowl Commercials - DraftKings (NASDAQ:DKNG), Flutter Entertainment (NYSE:FLUT)
Benzinga· 2026-02-02 20:26
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]
There’s a punt factor in stocks that investors might be missing
Risk.net· 2026-02-02 04:30
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 ...
Jim Cramer on DraftKings: “It’s in the Wilderness”
Yahoo Finance· 2026-01-31 13:48
DraftKings Inc. (NASDAQ:DKNG) is one of the stocks that Jim Cramer shared takes on, along with navigating market shortages. When a caller inquired about the stock, Cramer remarked: Okay, I like DraftKings, but I’ve decided, you know what, without Florida, without Texas, without California gambling, it’s just going to be like, I don’t know, it’s in the wilderness. I don’t know. I want it out of the wilderness. It’s not an expensive stock. Or maybe we need a lot of consolidation. That could do it. A tech ...