DraftKings’ expensive bet on prediction markets is crushing its stock
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Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.
Directly affected
- DKNG DraftKings-13.0% 8d
Named in this report.
Indirectly affected
- IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “prediction market” (exchanges and trading) in this story.
- CME CME Group+4.4% 12d
CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “prediction market” (exchanges and trading) in this story.
- CBOE Cboe Global Markets+27.2% 30d
Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “prediction market” (exchanges and trading) in this story.
- ICE Intercontinental Exchange+11.5% 30d
Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “prediction market” (exchanges and trading) in this story.
- HOOD Robinhood Markets-27.6% 30d
Robinhood Markets (security brokers, dealers and flotation companies): exchanges and brokers earn more when trading activity grows. Linked by “prediction market” (exchanges and trading) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DKNG | -11.14% | -6.81% | base | -26.24% | after close | after close | after close |
| IAI | -1.05% | +0.61% | base | -0.08% | after close | after close | after close |
| CME | -1.31% | -1.05% | base | -0.18% | after close | after close | after close |
| CBOE | -4.91% | -2.65% | base | +0.95% | after close | after close | after close |
| ICE | -2.96% | -1.78% | base | -0.95% | after close | after close | after close |
| HOOD | +8.39% | +9.25% | base | +0.27% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| CBOE | that day | +0.95% | still updating |
| CBOE | three days earlier | -2.65% | final price |
| CBOE | five days earlier | -4.91% | final price |
| CME | that day | -0.18% | still updating |
| CME | three days earlier | -1.05% | final price |
| CME | five days earlier | -1.31% | final price |
| DKNG | that day | -26.24% | still updating |
| DKNG | three days earlier | -6.81% | final price |
| DKNG | five days earlier | -11.14% | final price |
| HOOD | that day | +0.27% | still updating |
| HOOD | three days earlier | +9.25% | final price |
| HOOD | five days earlier | +8.39% | final price |
| IAI | that day | -0.08% | still updating |
| IAI | three days earlier | +0.61% | final price |
| IAI | five days earlier | -1.05% | final price |
| ICE | that day | -0.95% | still updating |
| ICE | three days earlier | -1.78% | final price |
| ICE | five days earlier | -2.96% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Cme Group (CME), worth $15,001 - $50,000 on 17 Aug 2026. That is 81 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Cme Group (CME), worth $1,001 - $15,000 on 10 Aug 2026. That is 88 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100Price not final
“DraftKings’ expensive bet on prediction markets is crushing its stock” scores 12 out of 100. The score uses 1 sources. The price is not final yet.