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DraftKings Faces a Profitability Test as Competition Heats Up

Dela

AdvisorShares’ Mackenzie Peterson breaks down the sharp selloff in DraftKings (DKNG), highlighting stronger revenue and customer growth but continued pressure from marketing costs, profitability and its investment in prediction markets. She also compares DraftKings with Flutter Entertainment (FLUT), saying Flutter currently has the operational edge as competition for sports bettors intensifies. Tom White demonstrates an example trade using FLUT.


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