'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 ...

In its first-quarter letter to shareholders, the company said, "We've built strong momentum around our companywide focus on leveraging artificial intelligence, embracing an 'AI-first' mindset to unlock greater speed, efficiency, and scale across the business."One of the second quarter's key topics was the amount of money the company spent, particularly on marketing and promotion. Yet despite the narrative, DraftKings' marketing spending was far from unbridled. The company's quarterly outlay of $233 million ...

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 ...