DraftKings

The 2026 Genesis Scottish Open returns to The Renaissance Club in North Berwick, Scotland, co-sanctioned by the PGA TOUR and DP World Tour. Reigning champion Chris Gotterup aims to defend his title, while LIV Tour players Jon Rahm and Tyrrell Hatton join major champions Scottie Scheffler and Rory McIlroy in a competitive field. Betting picks highlight Ludvig Åberg, Tyrrell Hatton, and Nicolai Højgaard as top contenders.

The Supreme Court ruled 6-3 in Chatrie v. United States that 'geofence warrants' requiring tech companies to identify devices in a specific area constitute a constitutional search under the Fourth Amendment. The decision raises concerns about privacy in New York as it could impact surveillance technologies like license plate data and facial recognition, with experts warning about potential 'tireless and absolute surveillance' through expanded data access by law enforcement.

The 2026 John Deere Classic features a soft PGA TOUR field as top players prepare for overseas events. The article highlights investments in Jackson Koivun, a rookie pro making his debut through the PGA TOUR University, and four other golfers, including Jacob Bridgeman, Tom Kim, Denny McCarthy, and Emiliano Grillo, with specific betting odds and stakes.

Bernstein predicts that a rush in prediction-market infrastructure could drive a wave of M&A across consumer platforms. DraftKings' launch of DKeX aims to retain prediction-market revenue in-house amid industry consolidation in trading and betting platforms.

Meta plans to develop a prediction markets app using Instagram and Facebook users, potentially transitioning from a points system to real cash. The move could challenge digital sportsbooks like DraftKings and FanDuel, as prediction markets face criticism for opaque practices but have shown accuracy in election forecasting.

Meta is developing a prediction markets app called Arena, led by Mark Zuckerberg, which uses a points system instead of real money, leading to declines in DraftKings and Robinhood stocks.

Haley Sacks, known as Mrs. Dow Jones, claims the American dream is 'very dead' for millennials and Gen Z due to financial obstacles like student debt, inflation, and AI's impact on jobs. Young Americans are turning to side hustles and gambling, but Sacks warns against the latter as a losing proposition.

Prediction market platforms Kalshi and Polymarket face insider trading concerns that could undermine their growth and institutional credibility. The article argues these platforms have financial incentives to implement self-policing measures to become legitimate institutional finance backbones rather than remain retail gambling venues.

DraftKings is closing its Wrigley Field sportsbook due to Illinois' sports gambling tax structure, which imposes a 25-cent tax on the first 20 million internet-based bets annually and 50 cents thereafter. The closure will occur on May 31. The restaurant, bar, and sports entertainment establishment will remain open.

DraftKings received a rare sell rating due to threats from Kalshi and Polymarket, which may impact its growth. This rating is unusual and indicates potential challenges for DraftKings. The emergence of competitors like Kalshi and Polymarket poses significant risks.

DraftKings' profit exceeds estimates due to growth in sportsbook sales. The company's success is attributed to its expanding Sportsbook segment. This growth indicates a positive trend for DraftKings.

23-year-old Kamerin Stokes from Memphis, Tennessee, was sentenced to 30 months in prison for selling access to tens of thousands of hacked DraftKings accounts. The case highlights the legal consequences of cybercrime and unauthorized access to online platforms.