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 is entering the red-hot prediction markets business, launching technology that lets users trade contracts linked to sporting and financial events. DraftKings said event contracts will be ...
DraftKings is set to offer sports event contracts “in many states” in the “coming months,” the company revealed Thursday. In an investor letter alongside its third-quarter results, DraftKings CEO ...
Disney's ESPN and Penn Entertainment are bringing their sports betting partnership to a close years earlier than planned. ESPN separately announced it's signed an agreement with DraftKings to make it ...
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