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Wall Street Breakfast

DraftKings bets on predictions

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 22 October 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

DraftKings (DKNG) breaks into the prediction market industry through an acquisition. (00:23) Netflix (NFLX) names Mattel (MAT) and Hasbro (HAS) for K-Pop Demon Hunters toys. (01:05) Walmart (WMT) said to halt job offers for candidates who need H-1B visas. (02:15) 

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:08.0

It's always good to be with you. Today is Wednesday, October 22nd. I'm Julie Morgan.

0:14.5

Draft Kings is expanding its reach. Netflix cashes in on K-pop merch and Walmart freezes H-1B hiring.

0:22.6

DraftKKings is on our biggest movers list this morning.

0:26.6

DKNG is up 5.4% pre-market after the company announced its entry into the predictions market business.

0:34.6

Draft Kings announced the acquisition of Railbird Technologies, a CFTC licensed exchange.

0:41.7

This marks a major strategic expansion beyond sports betting, enabling Draft Kings to offer

0:47.6

regulated event contracts across areas like finance, culture, and entertainment.

0:53.1

The company also unveiled plans for a new mobile

0:56.3

app, Draft King's Predictions, which will let users trade on real-world outcomes through multiple

1:02.6

exchanges. Netflix is building on the massive success of K-pop demon hunters. The company is

1:10.1

teaming up with Hasbro and Mattel to roll out

1:12.8

merchandise from toys and games to collectibles, and they're all based on characters from the film.

1:19.0

Mattel will develop and market dolls, action figures, and play sets, while Hasbro will market plush

1:25.1

toys, electronics, and a monopoly game featuring characters from

1:29.2

the movie. The game is now available online at Amazon, Target, and Walmart. The remaining

1:35.3

K-pop Demon Hunter's merchandise from Hasbro and Mattel will be available at retail beginning

1:41.2

spring of next year through the holiday season. Fans can currently get their favorite K-pop demon hunter figurines from Funko, as well as

1:50.1

custom-made dolls from Etsy creators. Mattel closed 2.45% higher on Tuesday. The company reported

1:58.0

an earnings and revenue miss after the closing bell and is 6% lower in pre-market action.

2:04.6

Hasbro closed the day on Tuesday up a small percentage and is down 0.5% pre-market.

2:11.3

The company is set to report earnings on Thursday.

...

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