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 ...
DraftKings announced last week it would offer sports event contracts, becoming the first major U.S. sportsbook operator to announce plans to run such a platform at a time when prediction markets are ...
Sportsbook operator DraftKings announced plans to acquire Railbird, a prediction markets platform. Prediction markets are being increasingly viewed as a competitive threat to traditional sportsbooks, ...
DraftKings is downgraded to "Hold" due to intensifying competition and operational setbacks. Prediction markets are rapidly gaining traction, pressuring DKNG's margins and forcing costly new ...
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