DraftKings Q4 conference call: Jason Robins labels FY25 guidance failures “unacceptable”
The DraftKings CEO and CFO address investors in the wake of the operator’s latest financial results and subsequent share price plummet.
The DraftKings CEO and CFO address investors in the wake of the operator’s latest financial results and subsequent share price plummet.
The IAC will assist in determining how ‘breakthrough innovations,’ such as AI or blockchain technologies, can help the CFTC form ‘adaptive regulations’ and maintain financial oversight.
The operator’s net revenue for the fourth quarter of 2025 equates to 43% growth year-over-year, while net revenue during FY2025 increased 27% for a total of nearly $6.1bn.
The operator reported its financial results for Q1 fiscal year 2026 on February 12, witnessing a 0.2% decrease in net revenue to $434.5m, as well as a 3.4% fall in adjusted EBITDA to $86.4m.
A memorandum of understanding between the two companies will facilitate the launch of this upcoming political prediction market.
The state’s Attorney General’s Office believes Kalshi ‘harms the public’ by offering sports betting while failing to comply with similar regulatory oversight as licensed operators in Nevada.
The three separate class action cases lodged against Kalshi in New York over the past four months will now be litigated together.
TRUEiGTECH has announced a strategic advancement in its prediction market and iGaming infrastructure offerings.
Market-makers act as traders willing to put up and take money on the other side of trades, with Jump acquiring stakes in Kalshi and Polymarket in exchange for providing trading resources.
In part two of Global Gaming Insider’s interview with Chairman Jeremy Kudon, the SBA Chairman explains the Game of Thrones rhetoric surrounding prediction markets and the impact of new SBA President & CEO Joe Maloney.