DraftKings, Flutter Drop as BofA Downgrades on Gambling Market Risks

DraftKings Inc. and Flutter Entertainment Plc shares dropped on Tuesday after Bank of America Corp. downgraded the online sports betting operators, citing a variety of risks to the gambling market...

By Joel Leon · Bloomberg Markets

DraftKings Inc. and Flutter Entertainment Plc shares dropped on Tuesday after Bank of America Corp. downgraded the online sports betting operators, citing a variety of risks to the gambling market including the increasing prevalence of prediction markets.