DraftKings and Flutter shares fall as prediction markets draw playoff interest
DraftKings and Flutter shares fell in mid-January as prediction-market platforms attracted interest during the NFL playoffs, according to reports. DraftKings briefly declined by more than 8% and Flutter by more than 5%; New York online sportsbook revenue for the week ending 11 January was about 40% lower than a year earlier, the report said.
The reported share moves and revenue comparison may inform investors’ assessment of sportsbook competition and performance.