A battle over the future of sports prediction markets is unfolding as tribal gaming organizations urge the Commodity Futures Trading Commission (CFTC) to ban event-based trading contracts linked to
Robinhood Markets stock price jumped 6.4 percent on Wednesday and closed at $48.85. The stock touched intraday high at $50.52 before closing with 6.4 percent gains over the last close.
Morningstar has recommended a 'BUY' call for Carnival Corp (CCL), the world’s largest global cruise operator, based on favorable medium-term prospects and a fair value estimate of $31 per share.
The Congressional Gaming Caucus has renewed efforts to repeal the long-standing federal “handle tax”, a 0.25% levy on all legal sports wagers in the United States.
Morningstar has maintained a BUY rating on DraftKings Inc. (NASDAQ: DKNG), citing robust growth in sports betting, improved cost efficiency, and expansion in key markets.
