DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72.Mario Tama / Getty ImagesCheck out the companies making headlines in midday trading Friday.Warner Bros. Discovery — The media company's stock cratered 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros.…

Fantasy-sports app Underdog said it has completed a second fundraising round that values the company at $485 million with plans on expanding into the growing sports-betting market in the U.S. Underdog said it raised $35 million in a B round including BlackRock and Acies Investment, the latter a venture-capital firm focused on sports betting and online gambling. Underdog says it intends on expanding from fantasy-sports contests into sports wagering, which has rapidly grown into a more…

Check out the companies making headlines before the bell:Under Armour (UAA) – The athletic apparel maker posted an adjusted loss of 1 cent per share in the company's transition quarter, compared with a profit estimate of 6 cents per share. The company is changing its fiscal year, with the first quarter of fiscal 2023 beginning April 1. Under Armour also issued a weaker-than-expected outlook for its full-year profit as it absorbs the impact of higher costs and supply chain disruptions. Under Armour plunged 12.5% in…

A measure seeking to legalize online sports betting backed by three of the nation’s largest online gambling companies has qualified for California’s November ballot, setting up a costly fight with the state’s tribes over control of a market researchers say could be worth billions.A coalition led by FanDuel Group, DraftKings Inc. and BetMGM said Tuesday it had submitted more than 1.6 million signatures in support of their online gambling measure, well above the roughly one million required to…