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Investor Joel Shulman says DraftKings is validating Kalshi’s prediction market while trying to compete with it after a revenue miss and earnings call focus on event contracts.
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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 benzinga