DraftKings (DKNG) is downgraded to a sell rating after a disappointing Q3 earnings report and a 20% year-to-date stock decline. DKNG's valuation remains stretched at 31x FY25 adjusted EBITDA, despite ...

Privately held Kalshi had record sports-betting volumes this past weekend. The venture-backed betting platform could become an increasing threat to existing sports-betting leaders. Tuesday's consumer ...

Dan Le Batard and Meadowlark Media have won the big one. Only the tiny gold trophy that the ex-ESPN host hoisted on Wednesday’s episode of The Dan Le Batard Show with Stugotz didn’t represent a ...

DraftKings is a compelling buy due to its first profitable quarter since 2020, strong brand, and ability to adapt to regulatory changes. Despite the Illinois tax hike, DraftKings is expected to manage ...

(Reuters) -ESPN signed a new deal making DraftKings its official sportsbook and odds provider, after ending a U.S. online sports betting partnership with casino operator PENN Entertainment. Starting ...

DraftKings (DKNG) shares have tanked recently, on concerns that prediction markets are a competitive threat to sportsbooks. Cathie Wood's Ark Invest ETFs have taken advantage of the recent weakness, ...