Shares of DraftKings Inc. and Flutter Entertainment Plc fell on Tuesday following a downgrade by Bank of America Corp. The investment bank cited multiple risks facing the gambling market as the primary reason for the downgrade.
One key concern highlighted was the growing prevalence of prediction markets, which may pose challenges to traditional online sports betting operators.
This development adds pressure on companies like DraftKings and Flutter as the industry navigates an evolving landscape with new competitive dynamics.
https://www.bloomberg.com/news/articles/2025-11-04/draftkings-flutter-drop-as-bank-of-america-cuts-on-gambling-market-risks
