Sheldon Cooper / SOPA Images / LightRocket / Getty Images Netflix shares dropped Wednesday after the streaming giant's earnings missed estimates Key Takeaways Major U.S. equities indexes slid Wednesday afternoon after a flurry of weaker-than-expected earnings reports. Netflix shares fell after the streaming giant's earnings missed analysts' estimates amid a tax dispute in Brazil. Intuitive Surgical shares soared after the surgical robot maker posted earnings that topped expectations. Major U.S. e ...

Joe Hendrickson/iStock Editorial via Getty Images Listen below or on the go on Apple Podcasts and Spotify DraftKings ( DKNG ) breaks into the prediction market industry through an acquisition. (00:23) Netflix ( NFLX ) names Mattel ( MAT ) and Hasbro ( HAS ) for K-Pop Demon Hunters toys . (01:05) Walmart ( WMT ) said to halt job offers for candidates who need H-1B visas. (02:15)This is an abridged transcript. DraftKings (NASDAQ:DKNG) is on our biggest movers list this morning. DKNG is up 5.4% premarket ...

DraftKings is acquiring predictions platform Railbird as it prepares to launch a mobile platform in the coming months to be called DraftKings Predictions.Railbird is licensed by the Commodity Futures Trading Commission to offer an event contracts exchange. DraftKings targeted the company for its team and proprietary technology. "We are excited about the additional opportunity that prediction markets could represent for our business," DraftKings CEO Jason Robins said in a statement to CNBC. "We believe that ...

TORONTO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announces that it has closed the second tranche of its non-brokered private placement (the “Private Placement”) previously announced on September 29, 2025. The Company issued 27,600,000 units (“Units”) at a price of C$0.05 per Unit, for gross proceeds of C$1,380,000. Each Unit consists of one (1) subordinate ...

TORONTO, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announces that it has closed the second tranche of its non-brokered private placement (the “Private Placement”) previously announced on September 29, 2025. The Company issued 27,600,000 units (“Units”) at a price of C$0.05 per Unit, for gross proceeds of C$1,380,000. Each Unit consists of one (1) subordinate ...

Core Insights - Financial giants are showing bullish sentiment towards DraftKings, with 56% of traders being bullish and 34% bearish in recent options trading activity [1] - Significant investors are targeting a price range of $25.0 to $45.0 for DraftKings over the past three months [2] - DraftKings operates in 28 states for online sports betting and 5 states for i-gaming, holding a strong market position [10] Options Trading Activity - In the last 30 days, DraftKings has seen 23 unusual options trades, with a total value of $1,472,060, including 18 calls valued at $1,220,400 and 5 puts valued at $251,660 [1] - Noteworthy options activity includes various trades with different sentiments, such as bullish and bearish, across multiple strike prices [9] Analyst Ratings - The average target price from 5 industry analysts for DraftKings is $46.4, with individual targets ranging from $33 to $54 [11][12] - Analysts from Jefferies and Mizuho maintain a Buy and Outperform rating respectively, while Northland Capital Markets has downgraded its rating to Underperform [12] Current Market Position - DraftKings' stock price is currently at $35.27, reflecting a 2.65% increase with a trading volume of 10,503,990 [14] - The next earnings report is scheduled in 22 days, and current RSI values suggest the stock may be approaching oversold conditions [14]

what is polymarket cover. Photo by BeInCrypto Polymarket is now allowing users to gamble on the outcome of TradFi stocks. Traders can place bets on whether or not a company of their choosing will increase or decrease in value on a given day. As federal regulators increasingly signal that they're prepared to offer "innovation exemptions" to firms like Polymarket, categories like this could expand dramatically. Still, such a proposition might include massive risks. Polymarket's Stock Bets In the past few ...

Core Insights - Entain's shares fell 2% following the announcement of slowing sales outside of its BetMGM division, with total net gaming revenue (NGR) rising 6% in Q3, down from 10% in the first half of 2025 [2][6] Group Performance - Total NGR for Q3 increased by 6%, or 7% on a constant currency basis, including a 50% stake in BetMGM [2] - Excluding BetMGM, NGR improved by 4% at headline level and 5% at stable exchange rates [3] - Online NGR outside the US rose 5% at headline level and 6% at constant currencies, despite adverse sports results impacting growth by 1-2 percentage points [3][4] Regional Performance - In the UK and Ireland, NGR at constant currencies rose 8%, driven by increased player values and market share gains [4] - Online NGR in the UK and Ireland increased by 15%, while retail NGR grew by 2% [4] - International NGR (excluding BetMGM) rose 1%, with online NGR up 1% and retail NGR improving by 6% at constant currencies [4] Specific Markets - In Brazil, adverse sports margins led to an 11% decline in sales [5] - Australian NGR fell by 6% at stable currencies, while Italian NGR rose by 6% [5] - Double-digit online NGR growth was reported in Georgia, New Zealand, Spain, Canada, Austria, and Greece [5] BetMGM Performance - BetMGM reported a 23% year-on-year increase in net revenues for Q3, reaching $667 million [6] - The joint venture is projected to deliver net revenue of $2.75 billion in 2025, an upgrade from previous guidance [6] Future Guidance - Entain maintains its guidance for online NGR to rise 7% at constant currencies and mid-single digits on a reported basis [8] - Group EBITDA estimates remain unchanged at £1.1 billion to £1.15 billion, with earnings of £1.09 billion in 2024 [8]

Core Viewpoint - DraftKings (NASDAQ: DKNG) is experiencing negative market sentiment primarily due to external factors affecting the gaming industry, particularly the temporary closure of casinos in Macau [1]. Company Analysis - The company is perceived to be unfairly impacted by the challenges faced by other companies in the gaming sector [1]. - There is a belief that the market is reacting to broader industry narratives rather than the company's individual performance [1]. Market Strategy - The focus is on maintaining a delta neutral portfolio, allowing for simultaneous long and short positions to capitalize on market volatility [1]. - The strategy includes utilizing options for entering and exiting trades, with an emphasis on identifying opportunities in small to mid-sized companies [1].

Core Viewpoint - DraftKings (NASDAQ: DKNG) is experiencing negative market sentiment primarily due to external factors affecting the gaming industry, particularly the temporary closure of casinos in Macau [1]. Company Analysis - The company is perceived to be unfairly impacted by the challenges faced by other firms in the gaming sector [1]. - There is a belief that the market is overreacting to the situation, which may present a potential investment opportunity for those looking at DKNG [1]. Market Strategy - The focus is on maintaining a delta neutral portfolio, allowing for both long and short positions to capitalize on market volatility [1]. - The strategy includes utilizing options for entering and exiting trades, particularly in small to mid-sized companies [1].