DKNG News & Events

The Nevada Gaming Control Board reports May Las Vegas Strip gaming win up 13.19% to $807.89M versus last year. Publicly traded companies in the gambling space includee Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

The Commodity Futures Trading Commission is conducting an "extensive" probe into prediction market company Polymarket, Politico's Declan Harty reports, citing a person familiar with the matter, who added that the subject of the investigation was not immediately clear. The move comes amid mounting concern in Washington about the fast-growing prediction market space, the author notes. "We are part of a rapidly growing industry and are constantly evaluating ways to improve how we're engaging and earning the trust of our audience," Polymarket Deputy Chief Legal Officer Olivia Chalos said in a statement, not commenting on any investigation. "As part of that commitment, we are conducting a comprehensive audit of active promotional content to ensure it complies with our standards, as well as applicable regulatory and legal disclosure requirements." Publicly traded companies in prediction markets include DraftKings (DKNG), Flutter (FLUT), and CME Group (CME).

DraftKings announced the launch of its proprietary prediction markets exchange, DKeX, with integration into the DraftKings: Sports & Casino app, further advancing the DraftKings Predictions experience. "The launch positions the company to innovate more rapidly through greater ownership over content depth, operating economics, and the end-to-end customer experience. DKeX marks the next phase in DraftKings' prediction markets evolution, strengthening its ability to deliver differentiated sports experiences across the country alongside its leading sportsbook," the company said.