https://www.live-feeds.com/feed/draftkings-plunges-27-on-weak-2027-forecast-and-prediction-market-spending-flutter-sinks-8-penn-entertainment-drops-4Continuously updated, source-cited coverage. https://www.live-feeds.com/feed/draftkings-plunges-27-on-weak-2027-forecast-and-prediction-market-spending-flutter-sinks-8-penn-entertainment-drops-4https://www.live-feeds.com/feed/draftkings-plunges-27-on-weak-2027-forecast-and-prediction-market-spending-flutter-sinks-8-penn-entertainment-drops-4#u190902Tue, 10 Nov 2026 10:56:58 +0000DraftKings stock plummeted 27 percent following a weak 2027 forecast that missed estimates and a disclosed heavy spending strategy in prediction-market expansion. The sports betting company slashed its earnings guidance and encountered downgrades from major financial firms, including UBS, Stifel, and JPMorgan. The market reaction extended across the sector, pulling down competitor stocks as Flutter sank 8 percent and Penn Entertainment dropped 4 percent. Investors reacted negatively to the anticipated losses tied to the new prediction-markets business, clouding the company's financial out