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 ...
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 ...
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 ...

DraftKings and Flutter navigates volatile margins, state tax risks

Bank of America downgraded both DraftKings and Flutter Entertainment to Neutral, citing renewed pressure from volatile betting margins, state tax risks, and uncertainty surrounding emerging prediction ...

DraftKings, Flutter downgraded: Wall Street's top analyst calls

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research ...
Nasdaq

Flutter Entertainment's FanDuel to Implement $0.50 Transaction Fee in Illinois Following State's New Betting Fee Legislation

FanDuel will implement a $0.50 transaction fee in Illinois starting September 1, 2025, due to new state regulations. Flutter Entertainment has announced that due to a new betting transaction fee ...
Larry Brown Sports

FanDuel announces very unpopular change to sports betting in Illinois

FanDuel might be one of the most popular sports betting platforms in the world, but many customers are unhappy with the change that was announced on Tuesday. Flutter Entertainment, which owns FanDuel, ...