DraftKings (DKNG) Stock Trades Down, Here Is Why
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell 11.2% in the afternoon session after reports of rising competition from prediction platforms Kalshi and Robinhood sparked investor concern. Kalshi, an emerging prediction market, shattered its trading records over the weekend, pulling in over $275 million on a Sunday fueled by football games. This significant…