DraftKings Expands Into Prediction Markets Game With Railbird Acquisition
DraftKings (DKNG) is expanding into the booming prediction markets business.
Wall Street Breakfast Podcast: DraftKings Bets On Predictions
DraftKings (DKNG) surges 5.4% premarket after acquiring Railbird Technologies, expanding into regulated prediction markets beyond sports betting. DKNG will launch DraftKings Predictions, a new app enabling users to trade on real-world outcomes across finance, culture, and entertainment.
DraftKings Acquires Railbird to Expand Into Prediction Markets
Digital gaming company DraftKings has acquired Railbird Technologies and its wholly owned subsidiary, Railbird Exchange, which is a federally licensed exchange designated by the Commodity Futures Trading Commission and focuses on event-based contracts.
DraftKings to Launch Prediction Markets Platform
The company will launch DraftKings Predictions, a mobile app that will allow users to trade contracts on the outcomes of events in finance, culture and entertainment.
DraftKings acquires predictions platform Railbird
DraftKings is acquiring predictions platform Railbird. The sports betting giant is preparing to launch a new platform in the coming months called DraftKings Predictions.
DraftKings (DKNG) Stock Slides as Market Rises: Facts to Know Before You Trade
In the closing of the recent trading day, DraftKings (DKNG) stood at $34.1, denoting a -3.1% move from the preceding trading day.
DraftKings: Market Misconception After Typhoon In Macau
DraftKings is undervalued due to misplaced negative sentiment from Macau casino closures and prediction market headlines, despite no direct exposure. DKNG's core strength lies in growing parlay bet volumes, robust revenue growth, and a strong cash position, supporting long-term fundamentals. Valuation is attractive versus FanDuel, with DKNG trading at a discount despite similar market dominance and monetization potential from parlays.
Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
DraftKings' Meltdown Is Here - Prediction Market Prospects Remain Mixed
DraftKings' much-needed correction to my Buy Zone at the established 2024/ 2025 trading support at $33s is finally here, as the market overreacts to the prediction markets' success. Given Kalshi's ongoing legal headwinds, I believe that DKNG's position as the second largest iGaming player and the legal sports betting licenses in the US have been overly discounted. This is especially since the American Gaming Association is already reporting growing iGaming revenues in the US, nearly tripled compared to Q2'21 levels.
DraftKings (DKNG) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, DraftKings (DKNG) closed at $32.68, marking a -7.16% move from the previous day.
Bargain Alert: DraftKings Is the Most Oversold It's Ever Been
Gambling powerhouse DraftKings Inc. NASDAQ: DKNG is flashing a rare signal that investors typically only see a handful of times in a stock's lifetime. Its Relative Strength Index (RSI), a key measure of momentum, has collapsed below 15, marking the lowest reading in company history.
DraftKings (DKNG) Rises Higher Than Market: Key Facts
In the most recent trading session, DraftKings (DKNG) closed at $35.37, indicating a +1.38% shift from the previous trading day.
