DraftKings

The NBA announced a new integrity framework and designated Kalshi and Polymarket as preferred prediction market partners while expanding its DraftKings agreement to include prediction markets. Partners will receive official league data and IP but face limits on permissible markets and commitments to share information on suspicious trades and investigations. The move follows multiple gambling-related scandals and ongoing regulatory and legal scrutiny of prediction markets and sportsbooks. » More on theverge.com

DraftKings shares fell about 4% after CEO Jason Robins said the company plans to accelerate marketing and promotions for its fast-growing prediction-markets product, a move that could compress near-term margins. Robins noted regulatory uncertainty around prediction markets and tied additional spending to incoming performance data. Peer Flutter Entertainment slipped on similar spending concerns, while Robinhood rose as investors favor platforms that already have prediction-market customers. » More on finance.yahoo.com

DraftKings reported a 15% year-over-year rise in sportsbook handle at the start of the NFL season and maintained its target of about $1 billion in adjusted EBITDA for 2026. Prediction markets trading volume has climbed to nearly 2.5 times July levels, with over 1 million customers and a near-double-digit share of consumer volume, prompting plans for increased marketing spend. The company said iGaming share is recovering in select states, targets ~30% adjusted EBITDA margins in mature sportsbook markets, and expects continued organic growth rather than acquisitions. » More on finance.yahoo.com