LA Dodgers Ownership Group Takes Financial Steps by Investing in Professional Dance League Startup Through Its VC Division
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Source: Benzinga
Investment in Dance League: The Los Angeles Dodgers' ownership group, through Elysian Park Ventures, has invested $7 million in the International Dance League (IDL), the first global professional sports league for dance, set to debut in early 2024.
Vision for Professional Dance: IDL aims to create a competitive environment for professional dance teams, similar to traditional sports leagues, with a focus on building a youth-to-professional pathway and a global community around dance.
Elysian Park's Portfolio: Elysian Park Ventures has a diverse portfolio of over 70 startups, including notable exits like DraftKings, which has significantly increased in market valuation since going public.
Funding Utilization: The recent funding will enhance IDL's technology and event production capabilities, supporting operations for its inaugural season in 2026, with plans for six major international events.
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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: 25.800
Low
30.00
Averages
42.69
High
53.00
Current: 25.800
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.
DraftKings Launches Proprietary Prediction Markets Exchange DKeX
- Rapid Market Growth: DraftKings' prediction platform has achieved approximately $3.4 billion in annualized consumer trading volume over the past year, indicating strong market demand that is expected to further drive company revenue growth.
- Technological Integration Advantage: DKeX leverages technology and CFTC licenses acquired from Railbird Technologies, enhancing DraftKings' control over prediction markets, thereby improving operational economics and customer service quality.
- Increased User Engagement: Since the platform's launch in mid-May, over 30% of customers have utilized the combinations feature, demonstrating strong demand for a customized, sports-first prediction market experience, which is expected to drive future user growth.
- Retail Sentiment Shift: Despite DraftKings' stock declining over 35% this year, retail investor sentiment has shifted from 'neutral' to 'bearish', which may impact future market performance and investor confidence.
See More
DraftKings Launches Proprietary Prediction Markets Exchange DKeX
- Market Innovation Platform: DraftKings has launched its proprietary prediction markets exchange, DKeX, integrated into the unified DraftKings: Sports & Casino app, which is expected to accelerate innovation through greater control over content depth, operating economics, and customer experience.
- Enhanced User Experience: CEO Jason Robins highlighted that DraftKings excels in building innovative platforms, and the launch of DKeX will further enhance user experience, fostering a seamless connection for sports fans.
- Trading Volume Growth: As of June 21, DraftKings Predictions reported an annualized consumer trading volume of approximately $3.4 billion and an annualized total trading volume of about $11.3 billion, with continued growth anticipated in July driven by ongoing platform enhancements and heightened interest surrounding the World Cup.
- Product Diversification Expansion: DraftKings Predictions continues to evolve within the unified app, adding new event contracts including MLB player contracts, No Runs First Inning, and broader NBA and NHL selections, further enriching user choices and engagement.
See More
DraftKings Launches DKeX Prediction Markets Exchange, Driving Rapid Growth
- Surge in Trading Volume: DraftKings Predictions has achieved approximately $3.4 billion in consumer trading volume over the past year, indicating strong growth momentum in the sports prediction market, which is expected to further drive company revenue growth.
- Launch of New Platform: The introduction of DKeX, integrated into DraftKings' unified platform, enables the company to innovate more rapidly and enhance customer experience, thereby maintaining a competitive edge in a crowded market.
- Increased User Engagement: Since its mid-May launch, over 30% of users have utilized the combinations feature, highlighting strong demand for a customizable sports prediction market experience, which further solidifies DraftKings' position in the industry.
- Technological Integration Advantage: DKeX leverages technology and CFTC licenses obtained from DraftKings' acquisition of Railbird Technologies, enhancing the company's control over prediction market content and capabilities, thus accelerating business development.
See More
DraftKings Launches Super App Merging Sportsbook and Prediction Markets
- Super App Launch: DraftKings has merged its sportsbook and prediction product into a single 'Sports & Casino' Super App, allowing users to operate through a unified account and wallet, enhancing user experience and streamlining the betting process.
- Optimistic Market Outlook: Guggenheim analyst believes DraftKings' prediction market product roadmap is progressing well, with expectations for the integration of market-making capabilities and a broader product offering ahead of the 3Q, further strengthening its competitive position in the North American online sports betting market.
- Accelerated Download Data: Recent download data shows a distinct acceleration in user growth for DraftKings in May and June, indicating its leading position among online sports betting operators and suggesting further market share expansion.
- Price Target Increase: Citizens Capital Markets raised its price target for DraftKings to $36, with analysts noting that the coming months will feature multiple milestones across DraftKings' prediction market ecosystem, underscoring the company's determination and potential in this space.
See More
DraftKings Receives HOLD Rating with $27 Price Target Amidst Legal Challenges
- Financial Performance Highlight: DraftKings reported a 64% surge in Q1 Adjusted EBITDA to $168 million, showcasing resilience despite a 37% stock decline over the past year, with revenue rising 8.83% to $1.65 billion, indicating profitability under pressure.
- Market Outlook Analysis: Analysts set a price target of $26.77 for DraftKings, implying a 4.38% upside from the current stock price, although near-term growth potential is capped by a class action lawsuit and state tax hikes.
- User Growth Challenges: Despite a 4% year-over-year decline in Monthly Unique Payers to 4.2 million, DraftKings is striving to stabilize its user base through new product launches and market expansions, particularly with the upcoming CFTC-regulated prediction market that could reshape its valuation framework.
- Legal Risk Impact: The ongoing litigation and a Federal Reserve study linking betting to consumer debt delinquency could pressure the stock price, with analysts revising their future price targets down from $44.58 to $38.80, reflecting market concerns over potential risks.
See More
Rise of Prediction Markets Disrupts DraftKings Business Model
- Increased Competition: The rise of prediction markets is disrupting DraftKings' business model, potentially leading to a decline in market share and impacting the company's future profitability.
- Stock Price Volatility: As of June 21, 2026, DraftKings' stock price stood at $1.95, reflecting market concerns about its future performance, which may affect investor confidence.
- Business Model Challenges: With the emergence of prediction markets, DraftKings needs to reassess its business strategy to navigate the new competitive landscape and maintain its market position.
- Industry Transformation Potential: The rapid development of prediction markets could reshape the entire gambling industry, necessitating that DraftKings take proactive measures to adapt to these changes and seek new growth opportunities.
See More
DraftKings Launches Proprietary Prediction Markets Exchange DKeX
- Rapid Market Growth: DraftKings' prediction platform has achieved approximately $3.4 billion in annualized consumer trading volume over the past year, indicating strong market demand that is expected to further drive company revenue growth.
- Technological Integration Advantage: DKeX leverages technology and CFTC licenses acquired from Railbird Technologies, enhancing DraftKings' control over prediction markets, thereby improving operational economics and customer service quality.
- Increased User Engagement: Since the platform's launch in mid-May, over 30% of customers have utilized the combinations feature, demonstrating strong demand for a customized, sports-first prediction market experience, which is expected to drive future user growth.
- Retail Sentiment Shift: Despite DraftKings' stock declining over 35% this year, retail investor sentiment has shifted from 'neutral' to 'bearish', which may impact future market performance and investor confidence.
See More
DraftKings Launches Proprietary Prediction Markets Exchange DKeX
- Market Innovation Platform: DraftKings has launched its proprietary prediction markets exchange, DKeX, integrated into the unified DraftKings: Sports & Casino app, which is expected to accelerate innovation through greater control over content depth, operating economics, and customer experience.
- Enhanced User Experience: CEO Jason Robins highlighted that DraftKings excels in building innovative platforms, and the launch of DKeX will further enhance user experience, fostering a seamless connection for sports fans.
- Trading Volume Growth: As of June 21, DraftKings Predictions reported an annualized consumer trading volume of approximately $3.4 billion and an annualized total trading volume of about $11.3 billion, with continued growth anticipated in July driven by ongoing platform enhancements and heightened interest surrounding the World Cup.
- Product Diversification Expansion: DraftKings Predictions continues to evolve within the unified app, adding new event contracts including MLB player contracts, No Runs First Inning, and broader NBA and NHL selections, further enriching user choices and engagement.
See More
DraftKings Launches DKeX Prediction Markets Exchange, Driving Rapid Growth
- Surge in Trading Volume: DraftKings Predictions has achieved approximately $3.4 billion in consumer trading volume over the past year, indicating strong growth momentum in the sports prediction market, which is expected to further drive company revenue growth.
- Launch of New Platform: The introduction of DKeX, integrated into DraftKings' unified platform, enables the company to innovate more rapidly and enhance customer experience, thereby maintaining a competitive edge in a crowded market.
- Increased User Engagement: Since its mid-May launch, over 30% of users have utilized the combinations feature, highlighting strong demand for a customizable sports prediction market experience, which further solidifies DraftKings' position in the industry.
- Technological Integration Advantage: DKeX leverages technology and CFTC licenses obtained from DraftKings' acquisition of Railbird Technologies, enhancing the company's control over prediction market content and capabilities, thus accelerating business development.
See More
DraftKings Launches Super App Merging Sportsbook and Prediction Markets
- Super App Launch: DraftKings has merged its sportsbook and prediction product into a single 'Sports & Casino' Super App, allowing users to operate through a unified account and wallet, enhancing user experience and streamlining the betting process.
- Optimistic Market Outlook: Guggenheim analyst believes DraftKings' prediction market product roadmap is progressing well, with expectations for the integration of market-making capabilities and a broader product offering ahead of the 3Q, further strengthening its competitive position in the North American online sports betting market.
- Accelerated Download Data: Recent download data shows a distinct acceleration in user growth for DraftKings in May and June, indicating its leading position among online sports betting operators and suggesting further market share expansion.
- Price Target Increase: Citizens Capital Markets raised its price target for DraftKings to $36, with analysts noting that the coming months will feature multiple milestones across DraftKings' prediction market ecosystem, underscoring the company's determination and potential in this space.
See More
DraftKings Receives HOLD Rating with $27 Price Target Amidst Legal Challenges
- Financial Performance Highlight: DraftKings reported a 64% surge in Q1 Adjusted EBITDA to $168 million, showcasing resilience despite a 37% stock decline over the past year, with revenue rising 8.83% to $1.65 billion, indicating profitability under pressure.
- Market Outlook Analysis: Analysts set a price target of $26.77 for DraftKings, implying a 4.38% upside from the current stock price, although near-term growth potential is capped by a class action lawsuit and state tax hikes.
- User Growth Challenges: Despite a 4% year-over-year decline in Monthly Unique Payers to 4.2 million, DraftKings is striving to stabilize its user base through new product launches and market expansions, particularly with the upcoming CFTC-regulated prediction market that could reshape its valuation framework.
- Legal Risk Impact: The ongoing litigation and a Federal Reserve study linking betting to consumer debt delinquency could pressure the stock price, with analysts revising their future price targets down from $44.58 to $38.80, reflecting market concerns over potential risks.
See More
Rise of Prediction Markets Disrupts DraftKings Business Model
- Increased Competition: The rise of prediction markets is disrupting DraftKings' business model, potentially leading to a decline in market share and impacting the company's future profitability.
- Stock Price Volatility: As of June 21, 2026, DraftKings' stock price stood at $1.95, reflecting market concerns about its future performance, which may affect investor confidence.
- Business Model Challenges: With the emergence of prediction markets, DraftKings needs to reassess its business strategy to navigate the new competitive landscape and maintain its market position.
- Industry Transformation Potential: The rapid development of prediction markets could reshape the entire gambling industry, necessitating that DraftKings take proactive measures to adapt to these changes and seek new growth opportunities.
See More
