Nevada sues Kalshi as federal regulators say back off [Business Insider]
DraftKings Inc. - Class A (DKNG)
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Source: Business Insider
and start reading now. Have an account? Log in Nevada regulators sued Kalshi , saying its markets are actually illegal sports gambling. The suit was filed just as the Trump administration sided with prediction markets. Other states have also sued Kalshi, and many legal observers expect the Supreme Court to weigh in. Nevada gambling regulators sued the prediction markets company Kalshi on Tuesday, saying the platform's rapid growth forced their hand. The Nevada Gaming Control Board and the state attorney general sued in Carson City District Court shortly after a federal appeals court rejected a request by Kalshi to stop the state from taking action. The state is seeking an order to stop Kalshi, the country's largest prediction market, from operating what it sees as an unlicensed sports betting operation. "Kalshi has continued to dramatically expand its business, rather than attempting to maintain any kind of status quo," Nevada authorities said in a letter earlier this
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DKNG
News
- DraftKings (NASDAQ:DKNG) had its price target lowered by analysts at JPMorgan Chase & Co. from $41.00 to $32.00. They now have an "overweight" rating on the stock.MarketBeat
- DraftKings (NASDAQ:DKNG) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $54.00 to $31.00. They now have a "buy" rating on the stock.MarketBeat
- DraftKings (NASDAQ:DKNG) was given a new $26.00 price target on by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- Meridian Hedged Equity Fund Remains Confident in DraftKings' (DKNG) Earnings Outlook [Yahoo! Finance]Yahoo! Finance
- DraftKings (NASDAQ:DKNG) had its price target lowered by analysts at Citigroup Inc. from $48.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- 2/18/26 - Form 4
- DKNG's page on the SEC website