Taxes and concerns over structural hold leads BofA to downgrade Flutter and DraftKings

3 hours ago 1
Sports betting website in a mobile phone screen, ball, money

Sinenkiy

Shares of Flutter Entertainment (FLUT) and DraftKings (DKNG) are both adding to Monday’s losses after BofA Securities downgraded both betting platforms as state gaming tax risks in the U.S. and challenges within the prediction market present headwinds for

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