Your next guest says stay long. David Katz, managing director at Jeffre, actually at a gaming conference in Las Vegas. How perfect and Sirat Steady is still with us.David, when you I know you like Flutter and others, when you look at some of these predictions or outcomebased markets like a poly market, whatever, are they starting to eat into any real market share. >> Uh, I I think the impact that they're they're having by based on the data that we're looking at is really very minimal. And Brian, I think we ...

What the heck has gone wrong at draft games. I mean, back in August, the online sporting betting company, it reported a great quarter, even if they didn't raise their fullear forecast. And the stock didn't initially sell off uh 5%.Sell, sell, sell. CEO Jason Robbins came on the show. Yeah, I thought he told a great story.And the stock did come back with a vengeance, ultimately climbing to $48 and change at the beginning of September. Oh, but ever since DraftKings has been just obliterated with the stock now ...

Betting stocks getting slammed this week as the gambling space gets more crowded with the likes of Kelshi trying to grab market share. DraftKings down nearly 15% on pace for its worst week since February. While Flutter, the parent company of FanDuel is lower by 9% and now negative for the year.But both slightly higher today after a Nevada official or Nevada federal judge rather ruled that sports predictions markets do not qualify as swaps, which could mean less regulation for online betting moving forward. ...

Casino Stocks & Macau Gaming Revenue - Casino stocks are experiencing declines, with Melco initially down 12% but improving to a 6% decrease, MGM Resorts down 2%, and Las Vegas Sands and Wynn Resorts off by more than 5% [1] - Macau's gross gaming revenue growth in September was 6%, significantly lower than the estimated 12-13% increase compared to the previous year, primarily due to a typhoon [2][3] - The industry is concerned about a new typhoon potentially disrupting visitation to Macau during the crucial Golden Week, impacting casino earnings [3] - The industry is closely monitoring the typhoon's impact on Macau's infrastructure and casino operations [3] Online Betting Stocks & Regulatory Landscape - Flutter is up almost 3%, and DraftKings is up 25%, but the sports betting stocks have had a rough week [5] - KHI (Koshi) launched parlay products, potentially competing with licensed sports books [5][6] - A federal judge in Nevada ruled that Cryptocom's sports trades under the predictions market platform do not meet the definition to be overseen by the CFTC [5][6]

Group 1: CoreWeave Inc - CoreWeave Inc (NASDAQ:CRWV) has seen a significant increase of 12.3%, trading at $137.57, following a $14 billion infrastructure deal with Meta Platforms (META) [2] - The company recently secured a $6.5 billion contract with OpenAI, marking a strong position in the AI cloud computing sector [2] - CRWV is currently 243% above its debut close of $40 on March 28, indicating substantial growth [2] Group 2: Options Trading Activity - Over 400,000 call options have been traded today, which is double the average intraday volume, indicating strong interest from options traders [3] - The most popular options are the weekly 10/3 140-strike call and the October 150 call, suggesting bullish sentiment [3] - With 11% of the stock's total float sold short, a potential short squeeze could drive the stock price back to $150 [3] Group 3: DraftKings Inc - DraftKings Inc (NASDAQ:DKNG) has experienced a decline of 10.2%, trading at $38.02, following a report on Kalshi's record trading volume of $275 million [4] - The stock is down 20.8% in September, struggling to maintain its year-to-date breakeven level [4] - Despite the decline, over 100,000 call options have been exchanged today, which is four times the average intraday volume, indicating continued interest from traders [5] Group 4: Analyst Ratings - 28 out of 31 brokerages covering DraftKings maintain "buy" or better ratings, with no "sell" ratings, suggesting a generally positive outlook despite recent struggles [5]

I have been writing about sports betting on and off for the past few years . My work has tended to focus more on the division of the spoils of sports betting than on the execution of theMax Greve is a graduate of Northwestern University with a quadruple major in History, Economics, Political Science, and International Studies. Max is a full-time writer and in addition to stock market trends also writes articles on government, current events, macroeconomic trends, and last but not least, the ongoing ineffici ...

PrizePicks gets green light for prediction markets as sports betting giants rush into the booming billion-dollar sector.Read more: https://t.co/HM3yHHCYXt ...

Kalshi has overtaken prediction market leader Polymarket by registering higher trading volumes for three weeks running. Last week, Kalshi users traded $728 million worth of bets. That’s almost 60% more than Polymarket, and almost as much as the record $749 million weekly volume Kalshi handled in the lead up to the 2024 US presidential election. The booming sports betting market is driving the success, according to Dustin Gouker, a sports betting consultant and predictions market analyst. “Football is no ...

Core Insights - Robinhood is expanding its offerings into sports betting, particularly through prediction markets, which could position the company as a competitor to established sportsbooks like DraftKings and FanDuel [4][12][15] Group 1: Sports Betting Initiatives - Robinhood has begun offering yes/no contracts for events, particularly around the 2024 presidential election, and is considering further expansion into sports betting [2][3] - The company processed approximately 1 billion event contracts from April to June, indicating significant engagement in prediction markets even without football [8] - CEO Vlad Tenev noted that many customers, particularly millennials and Gen Z, are interested in sports, suggesting a strategic alignment with customer interests [10] Group 2: Competitive Landscape - Robinhood's entry into prediction markets is seen as a challenge to traditional gaming companies, as it can operate under federal regulations that allow it to function in all 50 states, unlike state-regulated sportsbooks [12] - The company is one of the few publicly traded entities with exposure to event contracts, which may attract investors looking for public market access to prediction markets [13] Group 3: Revenue and Customer Growth - Robinhood Gold, a subscription service, has seen year-over-year growth of 1.5 million customers, contributing to the company's recurring revenue streams [5] - The platform has 26.5 million funded accounts, highlighting its popularity among younger investors and its role in making investing more accessible [6][7] Group 4: Challenges and Market Position - Despite its growth, Robinhood's prediction markets currently offer inferior pricing compared to competitors like DraftKings and FanDuel, which may deter savvy bettors [14] - The company has yet to introduce high-margin betting options such as parlays and player props, which are popular among bettors [14]

Industry Overview - The Zacks Gaming industry is experiencing growth due to increased gaming revenues in Macau, strong demand for sports betting, and robust U.S. commercial gaming revenues [1][3][4] - The industry includes companies that operate integrated casinos, hotels, and entertainment resorts, as well as those providing technology products and services in gaming markets [2] Key Themes - Macau's gross gaming revenues (GGR) reached MOP 22.15 billion ($2.76 billion) in August, marking a 12.2% year-over-year increase and a 0.1% gain from July [3] - U.S. commercial gaming revenues rose 9.8% year-over-year in Q2 2025, totaling $19.44 billion from traditional casino games, sports betting, and iGaming [4] - The legalization of sports betting across multiple states has significantly contributed to industry growth, with popular gaming applications including DraftKings and FanDuel [5] Economic Factors - Ongoing economic uncertainty, rising inflation, and geopolitical tensions pose challenges to the gaming industry, potentially reducing consumer discretionary spending [6] Industry Performance - The Zacks Gaming industry ranks 96, placing it in the top 39% of over 245 Zacks industries, indicating positive near-term prospects [7][8] - The industry has outperformed the S&P 500 Index, rising 37.3% over the past year compared to the S&P 500's 19.9% growth [10] Valuation Metrics - The industry has a trailing 12-month EV/EBITDA ratio of 21.45, which is higher than the S&P 500's ratio of 18.35, reflecting a premium valuation [13] Notable Companies - **Boyd Gaming**: Benefits from a diversified business model and operational efficiencies, with a 4.9% increase in 2025 earnings estimates to $6.89 [17][18] - **Red Rock Resorts**: Strong performance from Durango Casino Resort and Las Vegas operations, with a 12.7% increase in 2025 earnings estimates to $1.77 [20][22] - **Melco Resorts & Entertainment**: Strong momentum in Macau operations, with a 69% surge in 2025 earnings estimates to $0.49 [24][25]