Analysis: sports bets on Kalshi generate an estimated ~$1.3B in annualized revenue, underscoring the threat prediction markets pose to traditional operators
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi — Sports wagers on Kalshi …
DraftKings launches DraftKings Predictions, a new app that lets customers in 38 states trade contracts on sports and financial events through prediction markets
Ira Boudway / Bloomberg :
How live sports betting has exploded in popularity in the US, accounting for more than half of the money wagered on FanDuel and DraftKings in recent quarters
As the Oklahoma City Thunder were on their way to winning the decisive Game 7 of this year's N.B.A. Finals, a flurry of shadow games …
Betting data from Illinois, New Jersey, and Colorado shows how parlays are driving revenue growth for FanDuel, DraftKings, and other US sports betting companies
Wall Street Journal :
How FanDuel outpaced DraftKings to take an estimated 42% share of the US sports wagers market after its sale to Flutter
Christopher Palmeri / Bloomberg : Tweets: @bw and @ideafaktory Tweets: @bw : FanDuel has nabbed a 42% share of U.S. sports wagers in June, up from 35% only two months earlier https://www.bloomberg.co...
DraftKings closed up 10% on Friday, its first day of trading after its $3.3B merger with sports betting platform SBTech and Diamond Eagle Acquisition Corp.
Noah Manskar / New York Post :
DraftKings announces new round; sources say DraftKings raised $100M, and FanDuel is raising too as companies await merger approval
Dan Primack / Axios :
DraftKings announces new round; sources say DraftKings raised $100M, and FanDuel is raising too as companies await merger approval
Dan Primack / Axios :
Fantasy sports site DraftKings raises $153M from Revolution Growth and others
DraftKings, the controversial daily fantasy sports site, has raised $153 million in new venture capital funding, Fortune has learned. — New investors include Revolution Growth, an investment firm co...
Inside VC funding squeeze: DraftKings raises $100M through convertible notes paying 5% interest rate, DoorDash gives investors right to block an IPO
Rolfe Winkler / Wall Street Journal : Tweets: @scottthurm , @scottmaustin , @schlaf and @asanwal Tweets: Scott Thurm / @scottthurm : VC says startups are like Titanic after it hit iceberg: “No one wa...