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Draftkings

All articles tagged with #draftkings

DraftKings Expands into CFTC-Approved Prediction Markets Across 38 States
business2 months ago

DraftKings Expands into CFTC-Approved Prediction Markets Across 38 States

The prediction markets industry is rapidly expanding in the U.S., with major sportsbooks like DraftKings launching prediction market apps, sparking conflicts with land-based casinos and regulators. These markets are integrating into various platforms, potentially challenging traditional sportsbooks by offering alternative betting options, while facing legal and regulatory hurdles.

sports3 months ago

Week 10 Fantasy Football and DFS Strategy Tips

The article discusses strategies for building optimal NFL DFS lineups for Week 10 on DraftKings, highlighting three unique lineup constructions involving key players like Drake Maye, Lamar Jackson, and Jaxson Dart, and emphasizes the importance of injury reports, leverage, and ceiling in lineup selection. It also promotes the use of Stokastic NFL Sims for simulation-based lineup optimization.

ESPN Bet's Exit and DraftKings' New Sportsbook Partnership
business3 months ago

ESPN Bet's Exit and DraftKings' New Sportsbook Partnership

Media-branded sportsbooks like ESPN Bet and others have struggled to gain traction in the competitive U.S. sports betting market, with many failing despite heavy promotion and brand ties, highlighting the dominance of established players like DraftKings and FanDuel. ESPN Bet, launched in 2023, has only captured about 3% of the market, far below its target, due to overestimating the influence of media branding and viewer trust. The industry is shifting towards partnerships with existing successful sportsbooks, such as ESPN's new deal with DraftKings, which will continue to operate under its own name.

DraftKings Gains Momentum Amid ESPN Betting Partnership and Scandal
business3 months ago

DraftKings Gains Momentum Amid ESPN Betting Partnership and Scandal

DraftKings has become ESPN's official sportsbook provider after ESPN and Penn Entertainment ended their exclusive ESPN Bet deal early, which benefits DraftKings' stock. Disney's strategy for ESPN is evolving, with new integrations planned for 2026, while Penn focuses on its regional casinos and online gaming. The sports betting market remains competitive, with DraftKings and FanDuel holding significant shares, but concerns about competition and regulatory issues persist. Disney and Penn's stocks experienced mixed reactions following these developments.

Disney and Penn Entertainment to End ESPN Bet Partnership
business3 months ago

Disney and Penn Entertainment to End ESPN Bet Partnership

Disney has signed a multiyear deal with DraftKings to make it the official sports betting partner for ESPN, replacing its previous partnership with Penn Entertainment, which is ending after failing to gain significant market share. Starting December 1, DraftKings will provide betting services through ESPN's platforms, marking a strategic move in the competitive US sports betting market.

business3 months ago

ESPN Rejoins Sports Betting with DraftKings Partnership

ESPN has renewed its involvement in sports betting through a new partnership with DraftKings, replacing its previous deal with Penn Entertainment. The new deal, starting in 2026, will integrate DraftKings' betting platform into ESPN's app and rebrand the existing ESPN Bet app as theScore Bet, aiming to enhance ESPN's direct-to-consumer offerings and capitalize on the sports betting market.