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DraftKings Inc

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

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

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 grows revenue dramatically, even …

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Philippe Laffont’s Coatue entered into Paramount Global amid weakness

by Walter Watson
Philippe Laffont’s Coatue entered into Paramount Global amid weakness

Philippe Laffont’s Coatue built a position at Paramount Global amid tumultuous times for the storied media company. The technology-focused investor opened a stake of more than 3 million shares in …

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Trustly posts 51% profit jump; CEO says IPO at least 2 years out

by Edgar Davis
Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. Dow Jones Industrial Average futures …

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Barstool’s Dave Portnoy won $2.7 million on UConn NCAA bet

by Anas Siddiqui
Barstool’s Dave Portnoy won .7 million on UConn NCAA bet

Barstool Sports founder Dave Portnoy is cashing in $2.76 million on UConn’s big win over Purdue on Monday night in the NCAA men’s championship game. Portnoy tweeted the massive score …

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Iowa-LSU game was biggest betting event for women’s sports

by Anas Siddiqui
Iowa-LSU game was biggest betting event for women’s sports

Caitlin Clark, #22 of the Iowa Hawkeyes, celebrates after beating the Lousiana State University Tigers 94-87 in the Elite Eight round of the NCAA Women’s Basketball Tournament at MVP Arena …

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Largest U.S. sportsbooks join forces to tackle problem gambling

by Anas Siddiqui
Largest U.S. sportsbooks join forces to tackle problem gambling

Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem …

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Fanatics fires back at DraftKings’ claims of corporate espionage

by Anas Siddiqui
Fanatics fires back at DraftKings’ claims of corporate espionage

Fanatics founder and CEO Michael Rubin at his office in New York. The Washington Post | Getty Images Sports merchandise giant Fanatics is firing back against sportsbook giant DraftKings in …

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DraftKings posts 44% revenue growth, but falls short of estimates

by Anas Siddiqui
DraftKings posts 44% revenue growth, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed …

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ESPN Bet plans launch in New York, the largest U.S. betting market

by Anas Siddiqui
ESPN Bet plans launch in New York, the largest U.S. betting market

ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the …

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