Bank of America has disclosed a significant increase in its stake in Flutter Entertainment (NYSE:FLUT), crossing ownership ...
Quick Read DraftKings (DKNG) and Flutter Entertainment (FLUT) stocks fell in 2026 as prediction markets like Kalshi captured $720M in NFL bets. DraftKings generates 52% of revenue from sports betting.
Based on company guidance, implied fourth-quarter hold rates were about 11% for Flutter and 8.5% for DraftKings. Actual ...