News

DraftKings leads FanDuel in early NFL app race as New York betting handle swings through September

DraftKings held an early NFL-season edge over FanDuel in Week 4 real-money gaming app downloads, while New York sportsbooks saw handle climb above $600 million before slipping in the final week of September.

Bank of America turns bullish on DraftKings after steep sector selloff

Bank of America upgraded DraftKings to Buy from Neutral and kept its $27 price target after a sharp month-long decline in sportsbook and iGaming stocks.

DraftKings’ DKeX prediction market push could add up to $800 million in revenue, report says

A new report says DraftKings is betting that its CFTC-regulated DKeX exchange can open a new, higher-margin revenue stream as sportsbook growth slows.

DraftKings, FanDuel add $7M to Nebraska online sports betting push

DraftKings and FanDuel each gave $3.5 million to a Nebraska campaign seeking voter approval for online sports betting, pushing total operator backing past $14 million.

Federal appeals court says Tennessee, Ohio can enforce gambling laws against Kalshi

A 6th Circuit ruling allows Tennessee and Ohio to enforce their gambling laws against Kalshi’s sports event contracts, adding to a growing split among federal appeals courts.

Belmont Park to run winter meet entirely on Tapeta, with Gotham and Suburban moved to synthetic

Belmont Park’s 2026-27 winter meet will be conducted entirely on its Tapeta synthetic track, with several notable stakes races changing surface, distance, and in some cases purse levels.

DraftKings shares jump after Bank of America upgrade, with prediction markets in focus

DraftKings stock climbed after Bank of America upgraded the shares to Buy, saying recent concerns around prediction markets and NFL results appear to be easing.

Congress presses FanDuel for details on VIP videos sent to bettors

Federal lawmakers want FanDuel to turn over copies of personalized videos sent to VIP bettors and explain whether any recipients were identified as problem gamblers.

Polymarket Adds Self-Exclusion, Deposit Limits As New York Pressure Builds

Polymarket says it has added self-exclusion, deposit limits, and a Trust and Safety team as the platform faces growing pressure from New York and other states over prediction-market sports contracts.

DraftKings stock slides near three-year low as prediction market spending questions grow

DraftKings shares have fallen nearly 22% over the past month as investors focus on how much the company may spend building its prediction market business.