Tag: DraftKings Inc
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Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
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Billionaire John Arnold commits $2.6 million to study online sports betting risk
John Arnold, who runs Arnold Ventures with his wife, Laura, is investing $2.6 million for university research into potential harms of online sports betting.
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VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
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Meta is building a prediction markets app. These stocks are falling in response
The report said that CEO Mark Zuckerberg directed staff to develop a prediction market platform, internally known as “Arena.”
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Novig wins CFTC approval as competition intensifies in sports prediction markets
Novig is building a peer-to-peer sports trading platform that allows users to trade directly against one another rather than bet against the house.
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The World Cup could add $17 billion to the U.S. economy. Here are the stocks set to benefit
The 2026 World Cup could add $17 billion to the U.S. economy, largely driven by digital advertising, travel and consumer spending.
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CNBC Daily Open: Markets score big as Iran war nears final whistle and SpaceX takes the field
Investors cannot take their eyes off another story playing out: the possibility that the Iran war might finally come to an end.
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Wall Street sees one clear winner from the World Cup gambling boom
Several investment banks think DraftKings will benefit the most from the soccer tournament that kicks off Thursday.
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The World Cup will likely be the biggest gambling event in history
Global wagers on the 2026 World Cup could top $50 billion, according to Macquarie analyst Chad Beynon. That’s up from more than $35 billion in the 2022 tournament.
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