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 ...

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 ...

DraftKings Inc. (NASDAQ:DKNG) shares declined on Friday. The decline comes as Guggenheim lowered its price target on the stock and the Commodity Futures Trading Commission (CFTC) announced a major policy shift regarding prediction markets. • DraftKings stock is among today’s weakest performers. Why is DKNG stock falling?Guggenheim Reduces Price TargetGuggenheim lowered the firm’s price target on DraftKings to $42 from $45 while maintaining a Buy rating on the shares, according to Benzinga Pro.CFTC Announces ...

Group 1 - The Commodity Futures Trading Commission (CFTC) is drafting clear rules for prediction markets and withdrawing previous proposals that prohibited sports and politics-related contracts [1][2][3] - CFTC Chair Michael S. Selig emphasized the need for clear standards for event contracts, stating that the existing framework has been difficult for market participants [4] - The CFTC is also reevaluating its involvement in legal matters currently under consideration by federal courts, asserting its exclusive jurisdiction over commodity derivatives [5][6] Group 2 - The new guidelines come amid increased legal scrutiny from state authorities regarding prediction markets, with Coinbase filing lawsuits against several states to establish CFTC as the sole regulator [6][7] - Companies like Genius Sports, DraftKings, and Flutter Entertainment showed mixed stock performance following the announcement, while Coinbase and Robinhood closed lower [8]

Core Viewpoint - DraftKings Inc. is set to release its fourth quarter 2025 results on February 12, 2026, followed by a conference call on February 13, 2026, to discuss the results and business performance [1][2] Group 1: Earnings Announcement - The fourth quarter 2025 results will be announced after market close on February 12, 2026 [1] - A conference call and audio webcast will take place on February 13, 2026, at 8:30 a.m. ET for management to discuss the results [2] Group 2: Investor Day - DraftKings will host a virtual Investor Day on March 2, 2026, at 9:00 a.m. ET to share insights on future opportunities and financial strategies [3] - The event will include a live webcast and on-demand replay available on the investor relations website [3] Group 3: Company Overview - DraftKings Inc. is a digital sports entertainment and gaming company founded in 2012, headquartered in Boston [4] - The company operates in 30 states, Washington, D.C., Ontario, Canada, and Puerto Rico, offering mobile and retail sports betting [4] - DraftKings also provides iGaming in five states and Ontario, and owns Jackpocket, a leading digital lottery courier app in the U.S. [4] - The company is an official partner of major sports leagues including the NFL, NHL, PGA TOUR, WNBA, UFC, NBA, and MLB [4]

Joining us now is NEM senior analyst Bernie McTierin. Uh why should we not look at the disruptive forces of places like Khi and Poly Market and say that they will be the demise of all these traditional sports books and even the online ones. >> Yeah.No, it's a great question and certainly something investors are grappling with right now. Um, and I think the key thing to understand is I actually think prediction markets are going to be an asset for DraftKings and Flutter and and even Fanatics is going off aft ...

Core Insights - The rise of prediction markets is seen as an opportunity rather than a threat to traditional sports betting companies like DraftKings and Flutter, with significant investments planned in this area [2][3] - The total addressable market (TAM) for prediction markets is believed to be larger than that of online sports betting, as it includes demographics and regions where sports betting is not yet regulated [4] Investment and Market Trends - Flutter plans to invest $250 million in prediction markets by 2026, while DraftKings is expected to invest an additional $200 million [3] - Recent trends in New York's betting handle have heightened investor interest in prediction markets [5] Regulatory Environment - The legalization of sports betting is shifting from state-level decisions to a more national perspective, with the focus now on tax revenue generation [8] - The integrity of prediction markets is a concern, especially in light of recent scandals involving game-fixing among college students [6][7] Competitive Landscape - Companies like Sport Radar and Genius Sports are positioned to benefit from the investments made by major players in the prediction market space, acting as data providers [9]

Industry Overview - The American iGaming industry is still growing and has not yet reached maturity compared to its European counterparts [1] - The analysis focuses on the four strongest stocks in American iGaming and their potential performance by 2026 [1] DraftKings – DKNG - DraftKings started as a fantasy sports service and expanded into sports betting and online casino services following the easing of betting restrictions in 2018 [3] - The stock is currently trading in the $35 to $36 range, with previous highs of $47 and $53 in 2025 [4] - DraftKings is entering the predictions market, driven by services like Kalshi and Polymarket, and plans to offer this in regions where sports betting is not available [4] - Anticipated boost in usage during the FIFA World Cup, co-hosted by the US, with a moderate buy recommendation targeting $44 [5] FanDuel – FLUT - FanDuel has transitioned from a fantasy sports service to a comprehensive iGaming platform, focusing heavily on online casino technology [6] - The stock is trading in the $215 to $219 range, with expectations for growth due to consistent profitability and favorable regulatory trends [7] - Rated as a strong buy with a price target of $300 for the year [7] BetMGM – MGM - BetMGM, associated with the MGM brand, has been expanding its online casino experience since 2018 and has formed partnerships with major sports leagues [8] - The focus for 2026 is on achieving a $500 million positive EBITDA, which could lead to a re-rating of the stock [9] theScore Bet – PENN - theScore Bet operates in the US under Penn Entertainment and is focusing on a lean, efficient operation after exiting an ESPN partnership [11] - The strategy involves cutting excess and leveraging technology for profitability, with a loyal customer base in Ontario [12] - The launch of a new iGaming market in Alberta could impact its operations, leading to a speculative buy rating [12]