Edmonton, Alberta – October 3, 2025 – The Canadian province of Alberta is rapidly positioning itself as a burgeoning hub for both the iGaming and blockchain sectors, signaling a strategic pivot towards economic diversification. With the recent passage of landmark legislation designed to open its online gambling market and an aggressive push to attract digital [...]
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.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at DraftKings (NASDAQ:DKNG) and its peers.
The 2025 Ryder Cup teed off at Bethpage State Park on Long Island Friday, drawing over 250,000 fans and expected to deliver a $200 million economic boost to New York State and surrounding businesses.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
The non-fungible token (NFT) market, once a beacon of rapid innovation and astronomical valuations, finds itself in a deep "NFT Winter," a chilling period characterized by plummeting sales, eroding floor prices, and widespread investor disillusionment. This dramatic downturn is not an isolated event but a direct consequence of the broader
DraftKings trades at $43.36 and has moved in lockstep with the market. Its shares have returned 12.5% over the last six months while the S&P 500 has gained 16.8%.
Like artificial intelligence, the Web3 world wants a piece of the action in online betting markets. There is no greater example than this than the August announcement by a former Polymarket executive that he will invest $15 million in another blockchain-based online prediction market instead of building it on the traditional web.
Shares of DraftKings are trading off session highs Thursday. The stock is volatile following a new report from The Bear Cave highlighting a growing competitive threat from prediction markets.
