{ }
Symbol DKNG
Name DraftKings Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Consumer Services
Industry Hotels, Restaurants & Leisure
Market NASDAQ Global Select
Country United States
State MA
City Boston
Zipcode 2116
Website http://www.draftkings.com
NFTs have shown resilience in 2024, with $8.5 billion in sales despite setbacks, including major marketplace closures and regulatory scrutiny from the SEC. The number of unique buyers surged by 62%, indicating a growing demand for NFTs, even as the market faced a seven-month downturn. Industry experts predict a transformative future for NFTs, expanding their utility beyond digital art into areas like identity verification and ownership records.
Robinhood CEO Vlad Tenev announced the company's interest in expanding into sports betting, highlighting its significance to customers and culture. He suggested that this expansion could involve event contracts, similar to those launched before the presidential election. Following his remarks, shares of major sports betting companies experienced modest fluctuations, while Robinhood's stock rose by 3.5%.
DraftKings Inc. has revised its full-year revenue and profit estimates for 2024, projecting sales between $4.85 billion and $4.95 billion, down from a previous forecast of $5.25 billion. This adjustment follows a challenging start to the fourth quarter, leading to a decline in shares during extended trading. Analysts had anticipated revenue of $5.13 billion.
A public health commission has warned that the surge in online gambling poses significant risks to public health, with an estimated 72 million people globally experiencing gambling-related harms. The report calls for stronger regulations, including restrictions on access and advertising, to protect vulnerable individuals. It highlights the need for a shift in responsibility from gamblers to gambling businesses to minimize harm and improve public health outcomes.
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