Here’s why Wall Street is betting against DraftKings and FanDuel — and going all in on Polymarket and Kalshi

For the past few years, the sports-betting throne has been shared by two major players: DraftKings and FanDuel. These betting platforms have millions of users and generate billions of dollars in ... Read More

Sports, Wall Street, and Gambling Are Converging. Here’s Why.

Where DraftKings and its brethren once challenged legacy players in the gambling industry, it now appears that financial services firms with their event contracts and prediction markets present new ... Read More

Prediction markets shake up sports betting, rattling DraftKings and FanDuel

Prediction markets are emerging as a major new competitor to online sportsbooks, sending shares of DraftKings ( NASDAQ: DKNG) and FanDuel’s ( NYSE: FLUT) parent company sharply lower this week, ... Read More

DraftKings and Flutter slide after Kalshi stuns the sports betting sector with huge trading volume

Prediction platform Kalshi is creating some major waves in the sports betting sector. The company set a new trading record on Saturday of over $260 million before topping that on Sunday with a tally ... Read More

Sports Betting Presence To Increase At NBCUniversal With DraftKings Partnership

NBCUniversal’s sports lineup currently includes the NFL, PGA TOUR, Ryder Cup, Premier League, NCAA football and basketball, NBA, and WNBA. The deal also provides access to NBA All-Star Weekend and the ... Read More