'Retail Adoption' is just an idea, until it's reality.The intersection of Fantasy Sports x Crypto is one of the best verticals for REAL users to ACTUALLY enjoy a crypto product.What @footballdotfun has been able to achieve is nothing short of incredible.&& NOW their roll out of American Football.With a COMPLETE 'Sell Out' of their American Football Founders PacksThe PLAYER LAUNCH is THIS WEEK.With multiple more launches, similar to their soccer roll out, shortly underway. (if you remember how that went, it ...

Core Insights - The company is focusing on an "AI-first" strategy to enhance speed, efficiency, and scale across its operations [1] - Despite revenue growth, the number of unique users on DraftKings' platform remained flat from Q1 to Q2, indicating potential challenges in user acquisition [2] - DraftKings reported nearly $4.8 billion in revenue for 2024, a 30% increase from the previous year, and is expected to achieve profitability in 2025 [3] Financial Performance - DraftKings' marketing spending in Q2 was $233 million, an 8% increase year-over-year, while revenue growth was 37%, suggesting effective marketing investment [1] - The company is projected to generate Q3 revenue between $1.24 billion and $1.40 billion, reflecting an 11% year-over-year increase, but may report a per-share loss of approximately $0.27 [8] Market Position and Competition - The stock has declined nearly 50% from its 52-week high due to competition from event-betting platforms like Kalshi and Polymarket [5] - The acquisition of Railbird is seen as a strategic move to counter competition in the sports-wagering space [10] - DraftKings maintains strong brand recognition and relationships with media companies and sports leagues, which may provide a competitive edge against new entrants [12] Future Expectations - Analysts expect continued revenue and earnings growth, although there may be missed earnings estimates in the short term [6][7] - The bearish sentiment surrounding DraftKings is believed to be nearing its end, with the upcoming earnings report seen as a potential catalyst for recovery [13]

Core Insights - Investors are taking a bearish stance on DraftKings, with significant options activity indicating potential market movements [1][2] - The overall sentiment among large investors is predominantly bearish, with 64% of trades being puts and only 21% being calls [2] - Major market movers are focusing on a price range between $32.5 and $50.0 for DraftKings over the past three months [3] Options Activity - A total of 14 uncommon options trades were identified for DraftKings, with 11 puts amounting to $649,386 and 3 calls totaling $157,388 [2] - The options data indicates a split sentiment, with bearish trades dominating the activity [2] - Specific trades include a bearish put option with a strike price of $42.00 and a total trade price of $144.8K [9] Company Overview - DraftKings began in 2012 as a daily fantasy sports innovator and expanded into online sports and casino gambling after a 2018 Supreme Court ruling [10] - The company operates in 28 states for online or retail sports betting and in five states for iGaming, reaching about 40% of Canada's population [10] - In 2024, the revenue breakdown was 61% from sports, 32% from iGaming, and 7% from fantasy and lottery [10] Market Performance - An industry analyst has set an average target price of $56.0 for DraftKings, maintaining a Buy rating [12][13] - The current trading volume for DraftKings is 1,729,955, with the stock price down by 4.05% to $40.59 [15] - The next earnings report is scheduled for 37 days from now, and current RSI values suggest the stock may be oversold [15]

Fantasy and sports gaming company Underdog is partnering with Crypto. com to offer sports events contracts via predictions markets in 16 states. And you just saw on there, Underdog CEO Jeremy Lavine joins me exclusively this morning.Look, Underdog has really gobbled up a lot of market share when it comes to fantasy sports across the nation. So tell me now about this tie up with Crypto. com on predictions.>> Yeah, thank you for having me. Super excited to be here and um really excited for this moment. We at ...