sports betting

Top sports betting stocks have rebounded in recent weeks, supported by the NBA Finals and the FIFA World Cup. DraftKings and Flutter Entertainment Stocks Rise During World Cup DraftKings (NASDAQ:DKNG) stock jumped to $29, up by 42% from its lowest point this year. Similarly, Flutter Entertainment (...

A federal judge denied Kalshi’s bid for a preliminary injunction against Ohio regulators on Monday, holding that the platform “failed” to establish CFTC’s exclusive jurisdiction over its sports-event contracts. Judge Rejects Kalshi’s Argument Kalshi filed a lawsuit in...

Prediction markets have taken the world by storm, enabling consumers to predict the outcomes of sports contests, entertainment events, political events, cryptocurrency prices, and more. Indeed, they share some similarities with traditional online sportsbooks. Yet, there are three key differences,...

Renowned investor Ross Gerber likened prediction markets to “illegal sports betting” on Wednesday amid a legal crackdown on such platforms. Gerber Asks Why Prediction Markets Are Allowed To Operate In an X post, Gerber argued that platforms like Kalshi are nothing but unlicensed sports...

InPlay Global is on an ambitious path to create a new type of regulated securities. Performance Securities will create a new equity marketplace to monetize college and professional sports teams. "We will introduce a regulated market structure, applied to something universal – sports competition,"...

A federal judge reversed a crucial court win for prediction market platform Kalshi, ruling on Tuesday that contracts based on sporting event outcomes are not subject to the Commodity Futures Trading Commission (CFTC). Judge Highlights Kalshi’s ‘Strained Reading’ Of CEA A...

DraftKings Inc. (NASDAQ:DKNG) traded flat Tuesday after unveiling major product and market expansion plans across North America. DraftKings introduced a full Spanish version inside its Sportsbook and Casino app for select users. The company will expand access to all eligible customers in the coming...

Penn Entertainment Inc (NASDAQ:PENN) beat earnings consensus estimates in its second quarter. However, analysts are still divided on whether the company can compete with competitors. The Penn Analysts: The following analysts published PENN notes on Thursday. Benchmark analyst Mike Hickey issued a...

DraftKings Inc (NASDAQ:DKNG) and FanDuel, owned by Flutter Entertainment PLC (NYSE:FLUT), are “rapidly turning” into a sports-betting duopoly, Oppenheimer analyst Jed Kelly says. Both companies exceed Wall Street expectations despite competition from PENN Entertainment Inc (NASDAQ:PENN...

The Triple Crown is among the highest pinnacles of achievement in sports. Since 1919, there have been only 13 winners. Can 2024 Kentucky Derby champion Mystik Dan's name echo with the likes of Secretariat, Seattle Slew and Justify amid this year's limited field? The Trend is Not Your Friend: The...

PENN Entertainment Inc (NASDAQ:PENN) has struggled since 2021 as some analysts have increasingly preferred competitors such as Draft Kings Inc (NASDAQ:DKNG) in the race to acquire new customers. However, one analyst remains optimistic that PENN’s partnership with ESPN can spur growth...

The Sports Betting, Gaming & Esports: A Deep Dive virtual event on May 16 at 11 am ET will bring together industry leaders to discuss these rapidly growing fields’ current and future state. This session will provide attendees a platform to hear from top professionals about the trends...

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower Tuesday after NCAA President Charlie Baker blasted college prop betting prior to the NCAA men's championship game between UConn and Purdue. FanDuel parent company Flutter Entertainment PLC (NYSE:FLUT), however, is trading 3.24% higher at last...

68 teams entered the 2024 NCAA Men’s Basketball Tournament, and only four remain. Here’s what you need to know ahead of this weekend’s Final Four games. And Then There Were 4: This year’s Final Four includes two top seeds, one No. 4 seed and a Cinderella story. The No.1...

New legalized states and additional betting options have led to more users turning to the world of sports betting. Though sports betting can result in big wins, it also entails losses and valuable lessons. Several people on social media quickly learned that sports betting may not be for everyone....