DraftKings stock is losing to prediction markets despite CEO reassurances

DraftKings (DKNG) stock is slipping further on Friday amidst mounting pressure from specialized event-contract platforms, most notably Kalshi. Kalshi is seeing a massive surge in sports wagering volume with the kickoff of the NFL season – eating into the near-term appeal of DKNG shares. The rising popularity of prediction markets has weighed on DraftKings this year, which is currently down nearly 40% versus the start of 2026. Prediction Markets proving a threat for DraftKings stock Today’s sell-