ReadWrite

BofA downgrades hit DraftKings and Flutter as prediction market risks grow

DraftKings and Flutter shares slide after BofA downgrades, citing prediction-market pressures, weak sports results, and ...

Taxes and concerns over structural hold leads BofA to downgrade Flutter and DraftKings

Shares of Flutter Entertainment ( FLUT) and DraftKings ( DKNG) are both adding to Monday’s losses after BofA Securities downgraded both betting platforms as state gaming tax risks in the U.S. and ...

2FLUT, DKNG : DraftKings, Flutter Stocks Downgraded On Prediction Market Risk:

The rise of prediction markets could lower market share and growth for sports betting stocks. An analyst downgraded both ...
PredictionNews on MSN

BofA Analysts Downgrade $DKNG, FanDuel Stock Amid Prediction Market Boom

Bank of America analysts are the latest to downgrade DraftKings and FanDuel parent company Flutter Entertainment stocks. The BofA analyst report cites a few headwinds for the downgrade, including ...
The Punch on MSN

As Flutter and Entain dominate through scale, Nexus demonstrates alternative path through ...

The global gaming industry has undergone significant consolidation over the past decade. Flutter Entertainment and Entain dominate the market through their multi-brand portfolios, substantial ...
MarketWatch

Big-name investors bought FanDuel owner Flutter Entertainment, filings show

High-profile investors including Dan Loeb have flocked to Flutter Entertainment, the Irish gambling company that is the main owner of FanDuel and made the New York Stock Exchange its primary listing ...