Joining us now in San Francisco is Contessa Brewer along with DraftKing CEO Jason Robbins. Contessa Sarah, thank you very much for that. Look, we're looking in the gambling industry to set another new record for Super Bowl handler, the amount wager, the industry thinks $1.7% billion. How's it looking? Are you expecting another record this year? >> Well, we're expecting really big things. I don't know if it'll be another record or not. We're in our quiet period, as you know, so have to be careful on that. Bu ...

Core Viewpoint - Analyst sentiment on DraftKings Inc. (NASDAQ:DKNG) is mixed ahead of its fourth-quarter results, with over 80% of analysts remaining bullish and a consensus upside potential of 64.10% [1]. Group 1: Analyst Actions - Rothschild & Co reduced its price target on DraftKings from $37 to $35 while maintaining a 'Neutral' rating, citing potential revenue misses and moderated growth for 2026, despite strong online sports betting volumes expected due to the upcoming FIFA World Cup [2]. - Stifel cut its price target on DraftKings from $46 to $44 but reiterated a 'Buy' rating, highlighting the company's short-term appeal driven by NBA handle share momentum and upcoming sporting events like the Winter Olympics and World Cup [3]. Group 2: Company Overview - DraftKings Inc., based in Boston, has been offering online sports betting, casino, fantasy sports, and other consumer gaming products since 2011 [4].

FanDuel and DraftKings, official partners of the NFL, are front and center here at Radio Row. Even though gamblers can't place wagers on their sportsbook apps, but their prediction platforms are up and running. The sports betting giants entered this prediction freight in the fourth quarter of last year, unwilling just to, you know, sit on the sidelines as Koshi, Poly Market, Robin Hood, and others entered sports the prediction markets. Um, and and Koshi made a big splash with its advertising before last yea ...

DraftKings Inc. (NASDAQ:DKNG) is trading higher in Wednesday’s premarket session after hitting a 52-week low during Tuesday’s regular trading.The stock touched $25.72 during Tuesday’s session, marking its lowest level in a year, before rebounding in after-hours and premarket trading.Regulatory Headwinds Weigh On SentimentDraftKings has faced pressure following the Commodity Futures Trading Commission’s announcement that it will draft “clear rules” for prediction markets and withdraw a proposal that prohibit ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Considering buying ROKU stock? Here’s what analysts think: Photo via Shutterstock ...

Core Insights - The NFL is prohibiting prediction market advertisements during Super Bowl LX, categorizing them alongside firearms and tobacco as prohibited advertising categories [3][4] - Despite the ban on prediction market ads, sports betting companies like DraftKings and FanDuel are expected to advertise during the Super Bowl, with ad costs ranging from $8 to $10 million for 30-second spots [5][6] - Prediction markets will still operate, allowing bets on the game's outcome and other sports events, raising concerns about insider trading due to potential knowledge of commercial participation by company executives [7][8] Group 1: NFL's Advertising Policy - The NFL has placed prediction markets on its prohibited advertising list for the entire 2025 season, reflecting concerns over game integrity and lack of safeguards compared to regulated sports betting [3][4] - Other sports leagues have partnered with prediction market companies, highlighting the NFL's unique stance on this issue [4] Group 2: Commercial Impact - Companies are investing heavily in Super Bowl commercials, with costs between $8 to $10 million for a 30-second ad, indicating the high value placed on brand visibility during the event [6] - The absence of ads from prediction market companies like Kalshi and Polymarket does not hinder the overall demand for ad placements, as many other companies are eager to participate [6] Group 3: Prediction Markets and Concerns - Prediction markets will continue to allow betting on various outcomes, including Super Bowl commercials, which raises concerns about insider trading among employees of companies running ads [7][8] - The NFL's reluctance to embrace prediction markets may result in missed revenue opportunities, as the league prioritizes regulatory compliance and game integrity [8]

Why should investors care? Emerging factors like the punt factor are often missing from backtests, so investors and risk managers can unintentionally double up exposures or underestimate contagion risk if speculative flows unwind quickly.What about tech stocks? Technology-heavy QQQ shows meaningful spillovers from crypto – de Silva warns “if you’re trading Nasdaq, you should realise that what’s going on in crypto is going to affect you” – though institutional owners can cushion volatility.How strong is the ...

Company Overview - DraftKings Inc. (NASDAQ:DKNG) is a digital sports entertainment and gaming company that offers online sports betting, daily fantasy sports, and iGaming products such as blackjack, roulette, and slots [2]. Market Sentiment - Jim Cramer expressed a cautious view on DraftKings, highlighting the importance of expanding into states like Texas, California, and Florida for the stock's growth potential. He noted that without these markets, the stock may remain stagnant [1][2]. - Cramer mentioned that the stock is not expensive but suggested that consolidation in the industry might be necessary for better performance [1]. Investment Considerations - While DraftKings shows potential as an investment, there are other AI stocks that may offer greater upside potential and carry less downside risk, indicating a competitive landscape for investment opportunities [3].

Group 1 - Shares of online betting companies DraftKings and Flutter Entertainment (parent company of FanDuel) fell after receiving price target cuts from Stifel, with DraftKings' target reduced to 44 [1] - Competitor Rush Street Interactive initially rallied in the market but eventually reversed to a loss [1] - Analysts remain optimistic about the digital gaming industry, expecting strong profit growth this year [1] Group 2 - DraftKings has formally launched prediction markets, which may impact its revenue margins [1] - The prediction market strategy of FanDuel is aimed at competing with rivals Polymarket and Kalshi [1] - The downgrade of DraftKings and Flutter is attributed to the potential margin erosion from prediction markets [1]

DraftKings Inc. (NASDAQ:DKNG) shares declined on Friday. The decline comes as Guggenheim lowered its price target on the stock and the Commodity Futures Trading Commission (CFTC) announced a major policy shift regarding prediction markets. • DraftKings stock is among today’s weakest performers. Why is DKNG stock falling?Guggenheim Reduces Price TargetGuggenheim lowered the firm’s price target on DraftKings to $42 from $45 while maintaining a Buy rating on the shares, according to Benzinga Pro.CFTC Announces ...