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Adam Eckert

DraftKings, Flutter Entertainment Shares Slide After Robinhood Launches Football Prediction Markets

Robinhood FLUT HOOD DraftKings Flutter Flutter Entertainment Football Entertainment DKNG DraftKings Inc

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Shares of DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT) are trading lower Tuesday after Robinhood Markets Inc (NASDAQ:HOOD) announced the launch of pro and college football prediction markets.

What Happened: Robinhood said it will offer football prediction markets through the prediction markets hub on the Robinhood app, allowing users to trade outcomes on all regular season pro matchups and all college Power 4 schools.

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