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 ...
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 ...
Legal Sports Report

BofA Downgrades DraftKings, FanDuel Parent Before Q3 Reports

Concerns over structural hold, state taxes and prediction markets led Shaun Kelley of BofA to downgrade DraftKings 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 ...