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DraftKings stock trades lower on Wednesday amid rising competition from prediction markets and recent analyst target price revisions.
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https://media.nfl.com/news-and-releases/sponsorship/nfl-announces-official-partnerships-with-three-leading-sports-be
Read original at benzingaFiled: 2026-08-25 AccNo: 0001104659-26-100812 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Read original at edgarhttps://www.wsj.com/finance/investing/cantor-lets-hedge-funds-place-big-bets-on-kalshis-prediction-markets-625d21e7
Read original at benzingaDraftKings plans to raise $600 million through a Term Loan B and expand its revolving credit facility to $750 million, boosting liquidity.
Read original at benzingahttps://www.npr.org/2026/08/13/nx-s1-5930689/cftc-probe-mention-markets-prediction-markets-kalshi
Read original at benzingaSoFi Technologies relaunched its premium SoFi Plus membership in Q2 2026, reaching 206,000 paid subscribers with $24 million in annualized revenue. The subscription strategy is working, with 25% of subscribers adding additional products. Management aims for 1 million subscribers within a year, implying $120 million in annual revenue. Meanwhile, competitors Robinhood and Chime are expanding their financial services offerings.
Read original at zacks-investment-research