Flutter Entertainment (NYSE:FLUT) has lost over half its value in the past year as prediction markets like Kalshi and Polymarket carve into the U.S. sports betting pie.On Thursday, the FanDuel parent company reported 2025 revenue of $16.4 billion, missing its own $16.7 billion forecast. Furthermore, Flutter projected 2026 sales of $18.4 billion, falling significantly short of Wall Street's $19.3 billion expectation. DraftKings (NASDAQ:DKNG) , FanDuel's main competitor, similarly disappointed earlier this mo ...

Prediction markets are exploding into mainstream chatter, and while Kalshi and Polymarket grab headlines, publicly traded plays may be the smarter way to invest in the boom.Prediction markets have ballooned from a niche corner of finance into a $63.5 billion trading volume phenomenon in 2025 alone, a fourfold increase from the prior year. Platforms like Kalshi and Polymarket are actively capturing headlines and market share, but neither is publicly traded... yet.If you want to ride this wave through the sto ...

We recently published 10 Stocks Winning the Market. Figma Inc. (NYSE:FIG) was one of the best performers on Tuesday. Figma grew its share prices by 10.83 percent on Tuesday to finish at $27.43 apiece, as investors mirrored an investment firm’s acquisition of more stake in the company. In a recent regulatory filing, Cathie Woods’ Ark Invest, through ARK ETF and ARKW ETF, acquired 338,299 shares in Figma Inc. (NYSE:FIG) for a total of $8.7 million. At the same time, it unloaded shares in DraftKings for $10 ...

Ten stocks finished Tuesday’s session with strong gains, mirroring the broader market, as investors positioned portfolios amid the release of more corporate earnings.Meanwhile, Wall Street’s major indices all finished in the green, led by the Nasdaq, up 1.04 percent, followed by the S&P 500, up 0.77 percent, and the Dow Jones, up 0.76 percent.In this article, we focus on the 10 top-performing stocks on Tuesday and detail the reasons behind their gains.To come up with the list, we focused exclusively on the ...

Core Viewpoint - BofA Securities maintains a Neutral rating and a $27 price target on DraftKings Inc. ahead of the company's Investor Day on March 2 [1] Group 1: Key Focus Areas for Investor Day - The event is expected to address four main topics: DraftKings Predictions opportunity and medium-term financial targets; total addressable market (TAM) for prediction markets and updated TAM for core online sports betting (OSB) and iGaming; revised revenue and profit targets for 2028 and potentially 2030; and updated data on customer acquisition and retention trends amid concerns regarding potential cannibalization of the core business by prediction markets [2] Group 2: Financial Projections - DraftKings previously set a target for 2028 revenue of $7.1 billion and EBITDA of $2.1 billion. BofA anticipates the company may increase its revenue outlook to between $8.5 billion and $9.1 billion, with approximately $8.2 billion from core sports betting and around $650 million from prediction market fees [3] - However, BofA expects the 2028 EBITDA guidance may be adjusted lower to a range of $1.5 billion to $1.7 billion, with about $1.5 billion from core operations and $100 million to $150 million from Predictions [4]

• DraftKings shares are experiencing downward pressure. What’s pulling DKNG shares down?BofA Securities analyst Shaun C. Kelley expects management to highlight the DraftKings Predictions initiative and outline medium-term financial targets.Also, the analyst expects the company to discuss the total addressable market for prediction markets alongside an updated OSB and iGaming TAM, and provide revised revenue and profitability outlooks for the core business through 2028 and potentially 2030.The event should ...

wordmmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1mmMwWLliI0fiflO&1 DraftKings Launches Online Sportsbook in Puerto Rico, Expanding Access for ResidentsFeb 23, 2026 1:40 PM Eastern Standard Time# DraftKings Launches Online Sportsbook in Puerto Rico, Expanding Access for ResidentsShare---BOSTON--([BUSINESS WIRE])--DraftKings Inc. (Nasdaq: DKNG) ("DraftKings†) today announced the official launch of its online sportsbook in Puerto Rico, further expandin ...

Group 1: Core Insights - The article highlights three key stocks in the online gaming sector that are considered strong buying opportunities for 2026: DraftKings, Flutter Entertainment, and Rush Street Interactive [1] - DraftKings reported a 43% year-over-year revenue increase to $2 billion, with adjusted EBITDA soaring 283% to $343 million, indicating strong growth potential in the online gaming market [1] - Flutter Entertainment, parent company of FanDuel, holds over 40% market share in U.S. sports betting, generating approximately $12.5 billion in annual revenue, with a 45% increase in EBITDA and margins reaching 21% [1] Group 2: Company-Specific Highlights - DraftKings is recognized as a leader in the online gambling space, with expectations for continued growth driven by state expansions and synergies in iGaming/iLottery [1] - Flutter Entertainment is positioned as a strong growth bet, trading at 4.5 times sales and 18 times forward EBITDA, which is below its historical average, making it an attractive value proposition [1] - Rush Street Interactive demonstrated a 38% revenue growth year-over-year, with a valuation of just 2.5 times sales, and recently achieved GAAP profitability with an EPS of $0.15, indicating significant upside potential [1]

FiscalNote Update Summary Company Overview - **Company**: FiscalNote (NYSE: NOTE) - **Industry**: Political prediction markets and data analytics Key Points and Arguments Market Opportunity - The way information is consumed and acted upon is rapidly changing, presenting new market opportunities for FiscalNote [3][4] - FiscalNote has a strong foundation with thousands of policy professionals relying on its data and analysis, which is difficult to replicate [3] - The expansion into political prediction markets is seen as a natural evolution of FiscalNote's existing capabilities [4] Growth in Prediction Markets - Global trading volume in prediction markets surged, with U.S. volumes hitting over $44 billion in 2025, representing a 400% year-over-year growth [8] - Political markets accounted for approximately $7.2 billion in 2025, with expectations for continued growth [8] - The market is still early and underdeveloped, making it an attractive entry point for FiscalNote [5] Regulatory Environment - The CFTC's withdrawal of the ban on political and sports event contracts has enabled significant market growth [10][22] - Regulatory clarity is expected to improve, which will support the development of prediction markets [22] Competitive Advantage - FiscalNote's deep knowledge and experience in political prediction markets position it uniquely to capitalize on this growth [17] - The combination of FiscalNote's domain expertise and 365 Prediction's iGaming experience is expected to create a differentiated product [18] Product Development and Innovation - FiscalNote plans to launch products that address existing market concerns, such as credibility and ethical considerations [23][24] - The company aims to create a subscription service for tips on political outcomes, leveraging its AI capabilities [32] - Plans to explore fantasy leagues around political outcomes as a way to engage users without waiting for regulatory changes [33] Ethical Considerations - There are concerns about the perception of betting on political outcomes; FiscalNote aims to position prediction markets as tools for advocacy and awareness [25][26] - Existing relationships with advocacy organizations will be leveraged to create a more constructive market environment [26][27] Strategic Partnerships - Partnerships, particularly with 365 Prediction, are crucial for leveraging existing market infrastructure and capabilities [6][17] - The collaboration is expected to enhance market design and integrity, which are essential for successful market making [20][21] Future Outlook - FiscalNote is not pivoting away from its core business but is extending its capabilities into new markets [35] - The company is focused on leveraging its existing strengths to explore new opportunities in prediction markets and beyond [35] Additional Important Content - The discussion highlighted the historical context of prediction markets, originating from academic experiments to improve outcome predictions [12][14] - The integration of prediction market data into professional workflows is growing, indicating a shift towards institutional relevance [5] - The potential for prediction markets to hedge policy and regulatory risks was noted as a significant opportunity [5]

Core Insights - The E.W. Scripps Company has appointed Oliver Gray as vice president of network sports and client partnerships to enhance growth in its sports and entertainment platforms [1][2] Group 1: Appointment and Role - Oliver Gray will lead initiatives to connect national advertisers with Scripps' platforms, particularly its expanding sports portfolio [2] - He will collaborate with Scripps' network sales and Scripps Sports teams to create integrated brand partnerships aimed at increasing revenue [2] Group 2: Background and Experience - Gray has over 15 years of experience in sports sponsorship and national media advertising sales, with a proven track record in driving revenue growth [4] - His previous role at Overtime involved leading a sales team that surpassed revenue goals and secured business from major brands such as Dunkin, Hershey, and Coca-Cola [4][5] - Gray has also been involved in Amazon's partnership with the NFL for "Thursday Night Football" and has held leadership positions at CNN and Discovery Communications [5] Group 3: Company Overview - The E.W. Scripps Company is a diversified media entity, operating over 60 stations across more than 40 markets in the U.S. [6] - Scripps is recognized as the largest local TV broadcaster in the nation and has a significant presence in national news and entertainment [6] - The company also serves professional and college sports leagues, with a national broadcast reach of up to 100% of TV households [6]