Prediction markets have put a squeeze on betting firms, but they might have bigger issues to worry about. BofA Securities downgraded DraftKings and Flutter.

For DraftKings, BofA said its U.S. iGaming share has slipped to 23% from 27% in two years, while tax and promotional costs continue to weigh on margins. It cut its 2026 EBITDA estimate to $1 billion ...

With FanDuel already big in the US market, analysts like the sound of Flutter’s US listing move It wasn’t just the Kansas City Chiefs who emerged victorious from the 57th Super Bowl. Photo: PA As the ...