Bear Cave Renews DraftKings Bear Case on Prediction Market Momentum

Short-seller research outlet The Bear Cave published its latest report on DraftKings Inc. (NASDAQ:DKNG) Thursday, arguing that prediction markets are pulling users away from traditional sportsbooks and that the risk is not priced into the stock.

Benzinga • Jul 16, 2026

Here's Why DraftKings (DKNG) Fell More Than Broader Market

In the latest trading session, DraftKings (DKNG) closed at $24.84, marking a -1.62% move from the previous day.

Zacks Investment Research • Jul 16, 2026

TRWD Appoints Technology and Payments Veteran Jeremy Woertink to Advisory Board

NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD adds former Marine and Joystick.tv programmer Jeremy Woertink to advance its payment gateway and evaluate strategic tech acquisitions.

Business Wire • Jul 16, 2026

DraftKings: A 40% Selloff Runs Contrary To The 64% Adjusted EBITDA Increase

DraftKings (DKNG) is transitioning from a waiting game to approaching consistent profitability, as evidenced by strong Q1 2026 results. Q1 2026 revenue grew 17% YoY, while EBITDA surged 64% YoY, highlighting significant operating leverage. DKNG now benefits from multiple growth drivers: improved sportsbook margins, iGaming expansion, prediction markets, and higher revenue per customer.

Seeking Alpha • Jul 16, 2026

DraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026

BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2026 results after the close of market trading on Thursday, August 6, 2026. DraftKings will host a conference call and audio webcast the following morning, Friday, August 7, 2026, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, pl.

Business Wire • Jul 15, 2026

TRWD Announces Beacon Market Research Coverage With Positive Rating

NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--Beacon Market Research initiates TRWD coverage with a Positive rating and a $67M–$88M near-term enterprise value target.

Business Wire • Jul 14, 2026

DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Zacks Investment Research • Jul 13, 2026

TRWD Establishes Financial Services Division to Target Multimillion-Dollar Market

NEW YORK--(BUSINESS WIRE)---- $DKNG #ARCEntertainmentGroup--TRWD targets Multi Million Dollar adult payment processing, POS services and venue technology industry.

Business Wire • Jul 13, 2026

Michael Burry Just Made Big Bets on Sports-Betting Stocks—Why the Odds Are On His Side

At first, I was a bit skeptical of the barrage of bearish bets placed by Dr. Michael Burry, the man made famous by The Big Short film.

24/7 Wall Street • Jul 13, 2026

Why "Big Short" Investor Michael Burry Sees Upside in Beaten-Down Sportbook Stocks

Investor Michael Burry made hundreds of millions of dollars as the Great Financial Crisis unfolded by shorting subprime mortgages. This would lead to his eventual portrayal in the film “The Big Short," positioning him as a famed investor.

MarketBeat • Jul 12, 2026