BofA Downgrades DraftKings to Neutral, Cuts Price Target to $35
BofA cuts DraftKings rating to Neutral from Buy and lowers the price target to $35 from $48, citing four key concerns about volatility, iGaming, taxes, and market sentiment.
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Polymarket Prepares US Return Focusing on Sports Betting
Prediction market Polymarket is planning to return to the US, focusing on sports betting. Launch expected by late November, following regulatory updates and acquisitions.
Crypto.com’s Nevada Setback Signals Shift in Prediction Market Regulation
Crypto.com was blocked in Nevada from offering sports prediction contracts without a license. This challenges the claim that these markets are federal "swaps", suggesting courts are backing state gambling regulation over federal market rules.
Kalshi Trading Hits Record Highs, Driven by Football Fever! DraftKings and Flutter slide
Prediction platform Kalshi shattered trading records thanks to massive interest in football contracts, creating significant waves in the traditional sports betting market.