$DKNG

Flutter Entertainment and DraftKings shares rose on Friday after a Ninth Circuit court ruled that sports bets do not qualify as swaps under federal law in a case against Kalshi. DraftKings gained 6.5%, while Flutter Entertainment increased by 4.6%.

DraftKings (DKNG) and Flutter (FLUT) are compared in the online gaming industry. DKNG reported Q2 sportsbook handle up 11% YoY, customer acquisition up 75%, and revenues of $1.44B. FLUT saw international revenues up 10%, U.S. revenues down 6%, and adjusted EBITDA down 45%. DKNG maintained its 2026 guidance, while FLUT reduced its outlook. DKNG's EPS is expected to rise 56.1% YoY, while FLUT's is expected to fall 40.4% YoY. DKNG stock is up 1.7% in 6 months, FLUT down 10.4%.

DraftKings launched an ad campaign targeting California, Texas, Georgia, and Florida to promote its prediction market platform. The campaign offers a $200 bonus for new users, timed ahead of the NFL season. The platform is live in 48 states, with varying contract types. DraftKings owns the brokerage, exchange, and market maker for its prediction markets, using its proprietary DKeX platform.

Games Global and DraftKings have formed an exclusive partnership for the CASHINGO brand in the US regulated iGaming market. DraftKings will offer CASHINGO titles exclusively on its platforms for several years. Both companies aim to strengthen their offerings through this deal, with Games Global citing CASHINGO's strong performance and DraftKings emphasizing its commitment to premium content.

DraftKings is running paid ads for its Predictions platform in California, Texas, Georgia, and Florida, states with high sports event contract volume but no legal sports betting. The move comes amid a revenue guidance miss and aims to tap into a large, untapped market. DraftKings also forfeited its Nevada sports betting license to focus on prediction markets, facing legal challenges from states and tribes.

The NFL extended its sports betting partnerships with DraftKings, FanDuel, and Fanatics. All three will promote sports betting, access NFL events, and use official data. Fanatics also becomes an online casino marketing partner. Terms were not disclosed, but the previous deals were reportedly worth nearly $1B over five years. Caesars was not included in the new agreements.

Meta agreed to pay up to $17.1 billion to settle a child-safety lawsuit, with platform changes including daily time limits for under-18 users. Nvidia reported $96.2 billion in Q2 revenue, exceeding estimates, driven by AI and data center growth. DraftKings awarded a $30 million marketing contract to co-founder Matthew Kalish's new company, raising governance concerns.

Argus downgraded DraftKings (DKNG) from Buy to Hold, citing high costs, tax uncertainty, and competition. Shares are down 43% from their 52-week high, trading at $26.17. Despite strong Q4 results, Argus highlights risks from DraftKings' investment in its predictions platform and potential tax rate increases. The broader analyst community remains more optimistic, with a consensus price target of $34.11.

DraftKings Inc. (DKNG) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 DraftKings Announces Closing of $700 Million Upsized Term Loan B Facility and $750 Million Revolving Credit Facility BOSTON—August 25, 2026—DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it has successfully closed on its previousl

DraftKings offers $150 in bonus bets to new users, exceeding its $132 monthly revenue per payer. The company saw a 9% increase in users but a 13% decline in revenue per payer and a 190 basis point drop in sports margin. DraftKings stock rose 4.55% on Friday, and analysts maintain a Buy rating with an average price target of $34.84.