Flutter, Draftkings hit by fear of prediction markets threat, as Trump Media eyes entry

Impact · against what's priced in

Prediction markets are emerging as a structural threat to traditional sports betting, creating a valuation overhang for pure-play operators like DraftKings and diversified players like Flutter. While Robinhood and Trump Media gain catalysts from this shift, the market is beginning to price in a cannibalization of sports betting volumes.

DKNG−0.70

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