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Industry
March 19, 2025
Prediction Markets’ Future Analyzed by Bank of America Analyst
The rise of popularity in prediction markets was fueled by the recent Presidential elections in the United States. The offering of futures contracts gained significant speed ahead of the elections and in light of Kalshi’s legal case success against the Commodities Futures Trading Commission (CFTC), the federal regulator in charge of prediction markets. Futures Trading […]
Business
June 5, 2024
DraftKings Arrives on BofA’s US 1 List Despite Slight Dip in Stock Price
Over the last month, a decrease was observed in DraftKings’ stock price. Trading at $35.52 as of the market close on Tuesday, the price marked a 19.40% decrease in the last month alone. Despite the weak performance, DraftKings was recently added to the Bank of America’s US 1 List, a list that gathers some of […]
Business
May 14, 2024
Bank of America Breaks Down Q1 Gaming Sector Results
Recently, major gaming and entertainment companies across the United States released their financial results. In light of the latest figures, revealing details regarding the businesses’ performance in Q1 this year, Bank of America (BofA) confirmed the release of its first quarter earnings scorecard, as announced by CDC Gaming. The latest report compared estimates with report […]
Sports
April 6, 2021
DraftKings and FanDuel Rule Mobile Sports Gambling App Segment
After NFL and college football, NCAA men’s basketball is always a popular option for sports gamblers. As more states have introduced their own sports gambling markets following the demise of PASPA in 2018, interest has picked up even more. March Madness was forced to skip a year last year because of COVID-19, but while the final numbers aren’t yet available, this […]
Industry
January 11, 2021
Sports Betting and iGaming Could Grow By More Than 70% in 2021
The sports betting and iGaming sector could grow by more than 70% this year, according to Bank of America, with casino recovery on its way. Bank of America’s Analysis The sports betting and iGaming industry in the US is expanding quickly, as more states legalize sports betting, but has been significantly impacted by the economic […]