Wall Street Breakfast DraftKings bets on predictions
Oct 22, 2025
DraftKings dives into the predictions market with its acquisition of Railbird Technologies, launching an app for regulated event contracts. Netflix teams up with Mattel and Hasbro to create K-pop Demon Hunters merchandise, blending entertainment with collectibles. Walmart hits pause on H-1B job offers amid rising fees, raising eyebrows about employment strategies. The podcast also covers Tesla's recalls and discusses the implications of an AI bubble warning for investors.
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DraftKings Expands Into Predictions
- DraftKings is moving beyond sports betting by acquiring a CFTC-licensed exchange to enter predictions markets.
- The company will launch a DraftKings Predictions app to let users trade regulated event contracts across many topics.
Netflix Monetizes K-Pop Hit With Toys
- Netflix is capitalizing on K-pop Demon Hunters by licensing toys and games to Mattel and Hasbro to extend the franchise.
- Mattel will handle dolls and action figures while Hasbro covers plush, electronics, and a themed Monopoly game.
Walmart Pauses New H-1B Offers
- Walmart has paused job offers for candidates needing new H-1B visas after a $100,000 fee was imposed on new applications.
- The pause mainly affects corporate roles and doesn't impact existing valid H-1B holders at Walmart.