DraftKings Plunges 27% on Weak 2027 Forecast and Prediction-Market Spending; Flutter Sinks 8%, Penn Entertainment Drops 4%

The post DraftKings Plunges 27% on Weak 2027 Forecast and Prediction-Market Spending; Flutter Sinks 8%, Penn Entertainment Drops 4% appeared first on 24/7 Wall St. . The cost of competing in prediction markets is hitting DraftKings ( NASDAQ:DKNG ) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street’s hopes. DraftKings stock is trading at $17.13, down 27%.…

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