DraftKings (NASDAQ: DKNG) shares are experiencing a significant rebound after Berenberg upgraded the online sports betting giant to "Buy," asserting that the recent sell-off, fueled by fears surrounding emerging prediction markets, was "excessive." This upgrade comes on the heels of a turbulent period for DraftKings, which saw its stock plummet
Shares of DraftKings are trading lower Tuesday afternoon as investors process growing competitive pressures that overshadowed a major media partnership.
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Shares of DraftKings Inc (NASDAQ: DKNG) are in the spotlight on Thursday after research firm The Bear Cave published a new report detailing a growing competitive threat from prediction markets. Here's what investors need to know.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG)
fell 11.2% in the afternoon session after reports of rising competition from prediction platforms Kalshi and Robinhood sparked investor concern. Kalshi, an emerging prediction market, shattered its trading records over the weekend, pulling in over $275 million on a Sunday fueled by football games. This significant activity signaled its growing influence in the sports betting sector.
