DraftKings stock was trending higher on Friday, buoyed by the launch of its new prediction market, DraftKings Predictions.

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Coinbase, the leading crypto exchange, made a big move this week to expand into stock trading and prediction markets, to become a one-stop shop for all things investments.

The post Is Coinbase Stock A Buy After Move into Stocks, Prediction Markets? appeared first on ValueWalk.

Since Robinhood launched its prediction market platform just before the 2024 presidential election, it has become Robinhood’s fastest-growing product line.

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Las Vegas Sands stock has been fairly volatile today, with significant price swings in both directions. The leading casino stock jumped at the opening bell but then fell thereafter.

The post Why This Casino Stock is Down Despite Analyst Upgrade appeared first on ValueWalk.

The runaway success of U.S. sports betting has been nothing short of remarkable since its inauguration, having raised billions in taxable revenue and attracting some of the world’s largest operators to open up shop. Yet, as the sector grows, the seedy side of the industry is unraveling, with questions being… Continue reading Are U.S. Regulators Falling Behind in Sports Betting Oversight?

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Will a recent tax increase make online gambling untenable in the UK? The backlash to the UK government’s shock move to raise online gambling taxes to unprecedented levels has already begun, with gambling giants Flutter Entertainment (NYSE: FLUT) and Entain (LSE: ENT) at the center of the storm. Following earlier… Continue reading Flutter, Entain Warn of Massive Losses After UK Unveils 40% Gaming Tax

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News from across the pond has revealed British gambling firms poured an eye-watering $2.62 billion into advertising last year – a figure so huge it has triggered fresh calls for the UK government to enforce far stricter taxation on the sector. In fact, the amount spent dwarfs the $1.57 billion… Continue reading As Gambling Companies Pour Billions into Ads, Is a Crackdown Looming?

The post As Gambling Companies Pour Billions into Ads, Is a Crackdown Looming? appeared first on ValueWalk.

Prediction markets are rapidly changing the traditional online gambling markets. In an unprecedented move, sportsbook kingpins FanDuel (NYSE: FLUT) and DraftKings (NASDAQ: DKNG) have abruptly announced they are both exiting the industry’s primary trade body, the American Gaming Association (AGA). Tuesday’s announcement marks the first time the country’s two dominant… Continue reading FanDuel, DraftKings Stage Shock Exit From AGA Over Prediction Markets

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The regulated online gambling market in the US is scrambling to keep up with predictive markets like Kalshi and Polymarket. Are online gambling heavyweights DraftKings (Nasdaq: DKNG), FanDuel (NYSE: FLUT) in trouble? In the realm of U.S. sports betting, prediction markets were once seen as an unregulated nuisance, with few… Continue reading With Shares Sliding, Can DraftKings or FanDuel Replicate Kalshi Success?

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Ubisoft, the French video game maker, startled investors Thursday by postponing the release of its first half financial results and halting trading of its stock.

The post What’s Going on With Ubisoft Stock and Why Did it Stop Trading? appeared first on ValueWalk.