Prediction Markets Challenge DraftKings, Flutter as Sports Betting Revenue Declines
New York, NY – January 22, 2026 – Shares of draftkings Inc. and Flutter Entertainment PLC, along with other sports gambling industry stocks, are experiencing a downturn as prediction markets gain traction and potentially siphon off revenue from customary sportsbooks. The shift comes as platforms like Kalshi and Polymarket report surging activity,especially during the NFL playoff season,while New York state data reveals a notable drop in online sports wagering revenue DraftKings