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Financial Market News
You are at:Home»Posts Tagged "DraftKings Inc"

Appeals court rules against prediction markets, tees up SCOTUS fight

By FinMar NewsAugust 28, 2026

A Kalshi advertisement seen in Washington on March 27, 2026.Paul Lester | CNBCThe 9th U.S. Circuit Court of Appeals rejected prediction market platforms’ requests for injunctive…

Michael Burry bets on sportsbooks DraftKings, Flutter

By FinMar NewsJuly 8, 2026

Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York.Dimitrios Kambouris | Getty ImagesMichael Burry of “The…

Companies keep investing in prediction markets despite legal battle

By FinMar NewsMay 22, 2026

In this photo illustration, Apps for online prediction market sites are shown on an electronic device on Feb. 25, 2026 in Chicago, Illinois. Scott Olson |…

Arizona charges Kalshi with criminal misdemeanors, alleging illegal

By FinMar NewsMarch 17, 2026

The Kalshi market “Will Iran effectively close the Strait of Hormuz for 7+ days?” appears on a smartphone screen, with the Kalshi logo displayed on a…

Massachusetts sues Kalshi alleging illegal sports gambling

By FinMar NewsSeptember 15, 2025

The Kalshi logo arranged on a laptop in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty ImagesMassachusetts filed a lawsuit…

DraftKings tests subscription service in New York

By FinMar NewsJanuary 3, 2025

Sports betting company DraftKings’ logo is displayed on a smartphone screen.Budrul Chukrut | Lightrocket | Getty ImagesDraftKings is upping the ante.The sportsbook is testing out a…

Horse racing set for a resurgence in the U.S.

By FinMar NewsJanuary 2, 2025

America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway in New Jersey, co-owned by Penn Entertainment, tried…

NFL season expected to spur record $35 billion in legal sports wagers

By FinMar NewsSeptember 8, 2024

Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter…

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

By FinMar NewsAugust 14, 2024

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and…

DraftKings to tax winning bets in some states in a bid to boost profit

By FinMar NewsAugust 2, 2024

Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting…

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