For Pro Bettors, It's Easier To Make Money On Prediction Markets Than Sportsbooks [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Citizens analysts asserted in an industry note Monday, but the biggest bettors are likely moving from traditional sportsbooks to prediction markets and offshore. The data, from JuiceReel, revealed that it's difficult for sharp players to get a meaningful return on investment on state-regulated sportsbooks. That view was echoed by a pair of professional sports bettors that Citizens analyst Jordan Bender interviewed Friday. Both Isaac Rose-Berman and Tanzi Yi told Bender that they are taking more of their action offshore or to prediction markets as traditional sportsbooks continue to limit bettors. In addition, they said, the Holy Grail of investing — being the market maker — is available to them on Kalshi and other prediction markets, but not on sportsbooks. “Those platforms [prediction markets], whatever their flaws, they don't kick bettors out,” Rose-Berman said. “So if you are a bettor with a lot of money, that is very appealing. They also allow you to capture that retail float.
Show less
Read more
Impact Snapshot
Event Time:
DKNG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DKNG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DKNG alerts
High impacting DraftKings Inc. - Class A news events
Weekly update
A roundup of the hottest topics
DKNG
News
- PUBLIC HEALTH ADVOCACY INSTITUTE (PHAI) FILES LANDMARK SPORTS GAMBLING LAWSUIT AGAINST DRAFTKINGS, FANDUEL, GENIUS SPORTS AND THE NATIONAL FOOTBALL LEAGUE (NFL)PR Newswire
- Kalshi and Polymarket rush to update their policies after realizing that Congress could destroy them [Fortune]Fortune
- LinkSquares CLM Earns Top Satisfaction Rating in G2 Spring Grid® Report for CLM [TheStreet.com]TheStreet.com
- Bet365 Latest Major Gambling Operator To Exit AGA [Yahoo! Finance]Yahoo! Finance
- Kalshi and Polymarket rush to ban insider trading as senators move to curb prediction markets [Yahoo! Finance Canada]Yahoo! Finance Canada
DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 3/16/26 - Form 4
- 3/13/26 - Form 144
- 3/12/26 - Form 4
- DKNG's page on the SEC website