from24/7 Wall St.
2 days agoAre Prediction Markets Causing DraftKings Stock to Implode?
Prediction markets surged in 2025, with trading volumes reaching $63.5 billion, a fourfold increase from $15.8 billion in 2024. Platforms like Polymarket and Kalshi drove this growth, enabling bets on outcomes across politics, sports, economics, and more. Is there a cause-and-effect relationship between the flourishing of prediction markets and the kneecapping of the stocks traditional online betting sites like DraftKings ( NASDAQ:DKNG | DKNG Price Prediction) and Flutter Entertainment ( NASDAQ:FLUT ) have suffered in the past 12 months?
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