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1 min read
DraftKings climbs 7% after beating earnings estimates and boosting full-year sales forecast
The company posted quarterly revenue of $298 million, topping Wall Street's estimates, and revised …
Isabelle Lee
1 min read
Tilman Fertitta-backed Golden Nugget spikes 55% after DraftKings agrees to buy it for $1.56 billion
The deal, which involves two online-gaming giants, is expected to close in early 2022.
Isabelle Lee
2 mins read
A bettor sitting on a $1.7 million payout if the Thunder win the NBA title is hedging by letting in outside investors
His parlay ticket included championships for the Texas Rangers, Kansas City Chiefs, and Oklahoma Ci…
Matthew Fox
2 mins read
DraftKings jumps 17% as Morgan Stanley says investors should buy into a leader in the rapidly growing US betting market
DraftKings is among the leading players in the US betting market, and its growth potential is "too …
Carla Mozée
1 min read
DraftKings extends gains after raising profit target at latest investor day
DraftKings stock rose for a second day, aided by its increased outlook for long-term adjusted EBITD…
Carla Mozée
2 mins read
Stock market today: US futures rise as investors shrug off inflation and recession fears
US stock futures climbed on Thursday as Wall Street brushed off stubborn inflation and the news tha…
Theron Mohamed
2 mins read
US stocks slip from record highs as investors mull weak retail-sales data ahead of Fed decision
"Despite the 'transitory' message regarding inflation, some on the Committee must be twitching a li…
Isabelle Lee
2 mins read
Morgan Stanley's CIO sticks by his forecast for a 13% S&P 500 sell-off, says FOMO-driven investors make records unsustainable
"We're going to be very selective and that's why we think you have to be a stock picker here, you c…
Matthew Fox
6 mins read
How sports betting is changing the media industry in the US
The ties between US sports media and gambling are deepening, thanks to brands like DraftKings and B…
Ashley Rodriguez
1 min read
Legendary short-seller Jim Chanos reveals he is betting against DraftKings and DoorDash
For DoorDash, it's the lack of profit that caught Chanos' attention. For DraftKings, it's the high …
Natasha Dailey
2 mins read
DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York
New York stands to become the most populous state yet to embrace online sports betting, opening up …
Ben Winck
1 min read
Cathie Wood bought the dip in DraftKings after $20 billion Entain buyout news sent shares tumbling
Despite Wood's bullishness, on Thursday research firm Hedgeye said DraftKings was one of the best s…
Ethan Wu
2 mins read
DraftKings surges 12% after Michael Jordan takes equity stake and special adviser role
The six-time NBA champion will advise DraftKings on topics including strategy, development, diversi…
Ben Winck
2 mins read
Sports betting platform DraftKings plunges 13% after COVID outbreak halts MLB games
Major League Baseball canceled two Monday games after four members of the Miami Marlins tested posi…
Ben Winck
1 min read
DraftKings soars 10% amid exclusive New York Giants deal, and with Big 10 football set to resume
The jump notched another record intraday high for the sports betting company, which has gained roug…
Emily Graffeo
2 mins read
The Fed's 'clarity' on its aggressive path of rate hikes has reignited risk appetite among retail investors, research firm says
"Somewhat surprisingly," retail purchases of stocks and ETFs have bounced back to year-to-date aver…
Carla Mozée
2 mins read
DraftKings soars as much as 18% after making trading debut amid sports lockdown and intense market volatility
The betting platform went public through a unique merger that allows shares to begin trading withou…
Ben Winck
2 mins read
'CryptoPunk' NFT called 'Covid Alien' was bought for $11.8 million by DraftKings' largest shareholder in a Sotheby's auction
The rare NFT, dubbed "Covid Alien," was bought by Shalom Meckenzie, the largest shareholder of Draf…
Isabelle Lee
2 mins read
Fantasy sports site DraftKings is looking to raise new funding at a $2 billion valuation
The potential fundraise comes as DraftKings is trying to capture share in the newly opened - and hi…
Becky Peterson,Olivia Oran
2 mins read
NFL star Tom Brady's NFT platform raises $170 million from Andreessen Horowitz and Silicon Valley investors
Kleiner Perkins, Lightspeed partner Nicole Quinn and a16z alum Katie Haun also contributed to the f…