DKNG

DraftKings' stock price has significantly declined over the past six months, decreasing by 51.21% over the last 12 months, with a year-to-date return of -38.74%, and a 19.34% decrease in the past month as of September 23, 2026. The stock fell from a 52-week high of $43.66 to near its 52-week low of $20.46, coinciding with increased competitive threats from prediction-market platforms like Kalshi. A 9th Circuit ruling in August 2026, which stated that sports-related event contracts on prediction markets were not swaps, led to a temporary stock increase, but these gains quickly faded. Despite CEO Jason Robins' optimism about prediction markets and the launch of DraftKings' own prediction market exchange, DKeX, investors appear to be focusing on the current sportsbook business rather than its prediction market ambitions. Additionally, Q2 2026 earnings missed expectations, and insider selling activity has been noted.