The Seahawks Are Super Bowl Champs — But Their Owner Can’t Profit From The Big WinAs executor of her late brother’s estate, Jody Allen led Seattle to its second title. But NFL rules may cut short the celebration by forcing the team to hit the market.https://t.co/YV72649LeF https://t.co/rQODmgtU6C ...

Core Viewpoint - Cathie Wood's ETFs sold 785,490 shares of DraftKings amid concerns over increased competition from prediction markets, although these fears may be exaggerated, suggesting there are better investment opportunities in the online betting sector than DraftKings at this time [1]. Company Overview - DraftKings, based in Boston, operates retail sports betting in 28 states and has a prediction markets app available in 38 states, also allowing online bets on casino games [2]. Financial Performance - DraftKings has a market capitalization of $13.5 billion and a forward price-to-earnings (P/E) ratio of 22x. In Q3, the company's revenue increased by 4% year-over-year to $1.14 billion, with an operational loss of $272 million, an improvement from a $298.6 million loss in Q3 of 2024. The company forecasts its 2025 EBITDA, excluding certain items, to be between $450 million and $550 million [3]. Market Trends - As of February 9, DraftKings' stock had decreased by 21% in 2026, while the S&P 500 Index rose by 1.75% during the same period [4]. - The popularity of prediction markets for sports betting has surged, particularly since Kalshi began allowing users to bet on sporting events, following a lack of federal opposition during the Trump administration [5]. - The decline in shares of sportsbook operators like DraftKings and Flutter indicates expectations of a shrinking market share for sportsbooks. Analysts have also reduced Flutter's Q4 adjusted earnings per share (EPS) estimates by 49% in the last three months [6]. Betting Activity - Total wagers on the Seahawks during this year's Super Bowl reached $1.5 billion, indicating substantial financial activity within major online sports-betting platforms [7].

Core Insights - Kalshi achieved a record trading volume of over $1 billion on Super Bowl Sunday, marking a 2,700% increase year over year [3][4] - The platform's popularity surged with over $100 million in bets on Bad Bunny's opening song and $45 million on the artists performing with him [3] - Kalshi's CEO highlighted the company's unique model where it benefits when customers win, differentiating it from traditional sportsbooks [5] Company Performance - Kalshi's trading volume during the Super Bowl significantly outperformed last year's total of $27 million [3] - The platform experienced delays in processing deposits due to high traffic, but assured users that their funds were safe [5] Industry Context - Prediction markets like Kalshi allow users to trade on various outcomes, distinguishing themselves from traditional gambling by operating under the oversight of the Commodity Futures Trading Commission [4] - The rise in popularity of prediction markets extends beyond sports, with applications in events like the Grammys and Oscars [6] Regulatory and Operational Challenges - Concerns about market manipulation and insider trading have been raised, prompting Kalshi to enhance its surveillance and enforcement efforts [7] - The company has conducted over 200 investigations and referred several cases to law enforcement in response to these concerns [7]

Kalshi won big on Super Bowl Sunday, hosting over $1 billion in trading volumes. CEO and co-founder Tarek Mansour discusses prediction markets, insider trading concerns, and market surveillance. President Trump’s effort to limit institutional investors buying single family homes has run into snags on Capitol Hill. RXR Chairman and CEO Scott Rechler discusses the initiative, affordable housing, and NYC’s uptick in office leasing and luxury home sales. In the latest reports on big tech’s AI capital expenditur ...

you know, you quoted that we did over a billion in the Super Bowl. Uh, you know, our culture markets were huge this weekend. Uh, you know, who's what Bad Bunny was going to perform was over $und00 million in trading.The second thing is it's a market where people are trading against each other. There's no house. And you know, the reason why people are flocking to prediction markets, especially Kalshi, is that, you know, our incentive as a company, we win when the customers win.We don't win when the customers ...

The Seahawks Are Super Bowl Champs — But Their Owner Can’t Profit From The Big WinAs executor of her late brother’s estate, Jody Allen led Seattle to its second title. But NFL rules may cut short the celebration by forcing the team to hit the market.https://t.co/YV72649LeF https://t.co/ag8E0HnOOW ...

$1 Billion Bet Through Kalshi During Super Bowl—$100M Just On Bad Bunny’s First Songhttps://t.co/w6a4J01e08 https://t.co/BdETE3TNft ...

Dig into the Coinbase Super Bowl ad reactions & what it means for crypto + catch up on all the newshttps://t.co/HQDs6ScaCP ...

As a fellow Puerto Rican, Bad Bunny's Super Bowl show was personal https://t.co/9CFR1RVlqn ...

RT Timmy Shen (@timmyhmshen)ICYMI — here’s a quick wrap of what we published during US session 👇🚀 Builders move: Farcaster founders Dan Romero and Varun Srinivasan joined stablecoin startup Tempo.🎯 Jump Trading agreed to act as a market maker for Polymarket and Kalshi in exchange for an equity stake, according to Bloomberg.🧮 Crypto exchange Backpack unveiled a tokenomics plan aimed at preventing “dumping on retail” and reached a $1 billion unicorn valuation.📺 Coinbase's Backstreet Boys-inspired Super Bowl a ...