ARK Invest Participates in Kalshi's Latest Funding Round
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy DKNG?
Cathie Wood, Founder and CEO of ARK Invest, said via X that, "ARK is excited to participate in @Kalshi's latest funding round. We believe prediction markets are emerging as a powerful new layer of financial infrastructure, enabling real-time price discovery around events, probabilities, and the evolving state of the world. Kalshi is at the forefront of this innovation, and we're thrilled to support a team pushing the boundaries of how information is aggregated and expressed through markets. Congratulations to the entire team on this important milestone!"
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Analyst Views on DKNG
Wall Street analysts forecast DKNG stock price to rise
29 Analyst Rating
23 Buy
6 Hold
0 Sell
Strong Buy
Current: 25.030
Low
30.00
Averages
42.69
High
53.00
Current: 25.030
Low
30.00
Averages
42.69
High
53.00
About DKNG
DraftKings Inc. is a digital sports entertainment and gaming company. It provides users with online and retail sports betting (together, Sportsbook), online casino (iGaming) and daily fantasy sports product offerings, as well as digital lottery courier, media, and other product offerings. Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. It operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states under its Golden Nugget Online Gaming brand. It owns Jackpocket, a digital lottery courier app in the United States. It is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA. It also owns and operates DraftKings Network, a multi-platform content ecosystem.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Market Value Decline: DraftKings' stock has lost over a third of its value in the past year, reflecting investor concerns about future growth, particularly in the context of rising competition from prediction markets that challenge its business model.
- Technology Investment Plan: The company plans to invest between $200 million and $300 million in product technology and marketing to launch its own prediction market, aiming to create a super-app that integrates sports betting, online gaming, lottery, and prediction markets to enhance user experience and increase market share.
- Significant Revenue Growth: Despite challenges from prediction markets, DraftKings reported a 17% revenue increase in Q1 to $1.65 billion, with sportsbook revenue rising 24% to $1.1 billion, demonstrating strong performance in its core business and sustained market demand.
- Optimistic Future Outlook: DraftKings maintains its 2026 revenue guidance between $6.5 billion and $6.9 billion, with expected adjusted EBITDA of $700 million to $900 million, indicating confidence in future growth, especially with the upcoming World Cup likely to drive user engagement and revenue.
See More
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- Market Share Growth: Since launching on December 1, 2025, Bet365 has captured a 7.8% market share in Missouri, demonstrating effective strategic expansion despite trailing behind DraftKings and FanDuel, indicating a solid growth trajectory.
- Steady Expansion Strategy: Unlike its competitors, Bet365 has opted for a gradual state-by-state approach to enter the U.S. market, ensuring a strong foothold in emerging sports betting markets and enhancing its competitive edge in the industry.
- User Experience Advantage: Bet365 attracts users with its robust product experience and aggressive pricing strategies, particularly excelling in parlay wagers compared to competitors, showcasing a deep understanding of user preferences.
- Future Development Plans: The company aims to continue expanding into more regulated states and deepen penetration in existing markets, while also considering partial private equity deals or an IPO in the U.S. to strengthen its capital base.
See More
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- Corpay Raises Guidance: Corpay shares jumped 10% after the company raised its full-year earnings guidance to a range of $26.30 to $27.10 per share, surpassing analyst expectations of $26.05, reflecting robust performance in the corporate payments sector and potentially increasing market share.
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See More
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- Nike Downgrade: Wells Fargo downgraded Nike due to concerns that the company's turnaround could take longer than investors hoped, with shares down approximately 30% this year, making it the second-worst performer in the Dow, reflecting the increasingly challenging retail environment.
- Qnity Electronics Performance: Qnity Electronics is set to report earnings on Tuesday, following an impressive beat-and-raise quarter from its former parent, DuPont; Qnity shares have surged about 80% this year, with Deutsche Bank raising its price target from $140 to $170, driven by strong semiconductor demand.
- Rapid Fire Review: The rapid-fire segment at the end of the video covered stocks including CoreWeave, Texas Roadhouse, Cloudflare, DraftKings, and Airbnb, highlighting investor interest in diverse investment opportunities.
See More
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- Strong Financial Performance: DraftKings reported a 17% year-over-year revenue increase in Q1, surpassing $1.6 billion, while adjusted EBITDA rose 64% to $168 million, indicating ongoing improvements in profitability despite significant investments in Predictions.
- Strategic Focus on Predictions: The company plans to invest $200 million to $300 million in its Predictions business in 2026, and with the recent launch of the Predictions feature, customer acquisition costs dropped by over 80% in April, which is expected to enhance market competitiveness and drive revenue growth.
- Stable Future Outlook: Management reaffirmed its fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA expectations of $700 million to $900 million, reflecting confidence in future performance, particularly with the upcoming World Cup.
- Market Dynamics Shift: Although early data suggests that Predictions customers are experiencing losses faster than Sportsbook customers, management emphasized the importance of trust and consumer protections, indicating a cautious approach to expansion and investment to ensure the sustainability of core business.
See More
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- Akamai Stock Surge: Shares of Akamai Technologies soared 27% after a leading U.S. frontier model provider committed to a $1.8 billion investment over seven years for its Cloud Infrastructure Services, enhancing market confidence and potentially driving future revenue growth.
- CoreWeave Revenue Guidance Miss: CoreWeave's second-quarter revenue guidance of $2.45 billion to $2.6 billion, with a midpoint of $2.53 billion, fell short of Wall Street's $2.69 billion expectation, resulting in a 7% stock decline, reflecting market concerns about its growth outlook.
- Microchip Earnings Beat: Microchip Technology's stock rose 3% following a fiscal fourth-quarter report that exceeded earnings and revenue expectations, with projected first-quarter revenue between $1.44 billion and nearly $1.47 billion, indicating strong performance in the semiconductor sector.
- Upwork Restructuring Plan: Upwork's announcement of a 24% workforce reduction to maintain profitability led to a 23% drop in its stock price, despite slightly lower-than-expected first-quarter earnings and revenue, showcasing the company's strategic response to evolving market conditions.
See More
