Bank of America upgrades DraftKings to Buy, seeing 45% upside as prediction markets turn into a win-win
BofA upgraded DraftKings to Buy with a $27 target, about 45% above the last close, citing less cannibalization and bottoming estimates.
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DraftKings and Flutter Rally After Court Says Sports Prediction Markets Are Just Bets
Ninth Circuit says Kalshi-style sports contracts are sports bets, not federal swaps. DKNG and FLUT rally as Nevada can enforce gaming rules.
DraftKings Q2 Results Miss Expectations as World Cup Betting Cuts Into Profits
DraftKings Q2 revenue fell 5% to $1.44B, missing estimates, as winning bets and promotions weighed on results. Guidance held; handle up 15%.
DraftKings Unveils DKeX Prediction Markets Exchange with Strong Early Traction
DraftKings integrates its DKeX prediction markets exchange directly into the Sports & Casino app, with $3.4B in consumer volume in a single week.
DraftKings Reports Massive Growth — $1.3B Consumer Volume in Just One Month
DraftKings’ Predictions platform exploded in May 2026: annualized consumer volume jumped 24% to $1.3 billion and total volume rose 34% to $3.1 billion.
Kalshi, Polymarket & Robinhood: Inside the Prediction Market Surge
Prediction markets are booming fast, with huge growth expected to $1T by 2030 as betting on real events goes mainstream.