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.
The partnership extends financial market-based betting to fantasy sports users, marking a significant convergence that could reshape the online wagering industry as adoption accelerates nationwide.
On this "Motley Fool Money," analysts Emily Flippen and Nick Sciple discuss the reemergence of sin stocks and whether today's market is building lasting moats for these controversial businesses or simply pulling forward returns.
Shares of DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT) are trading lower Tuesday after Robinhood Markets Inc (NASDAQ:HOOD) announced the launch of pro and college football prediction markets.
Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week’s strong sector earnings and broad gains among the Magnificent Seven fueled the rally.
Flutter Entertainment (FLUT) shows strong technical breakout potential with top ratings in trend and setup quality, signaling bullish momentum and a promising entry point for traders.
U.S. equities slipped midday Thursday as corporate earnings and fresh tariff announcements from President Donald Trump drove divergent moves in heavyweight names.
The Big Beautiful Bill is set to usher a huge tax shakeup for pro sports bettors. The law looks poised to benefit DraftKings, providing a tailwind to shares.
A little-noticed provision tucked deep within the "One Big, Beautiful Bill" that was passed and signed into law last week is raising alarm bells among professional gamblers. Wall Street and gambling companies themselves, however, don't seem that bothered.
