DraftKings stock is losing to prediction markets despite CEO reassurances

DraftKings shares fell further Friday as event-contract platform Kalshi saw a major increase in sports-wagering volume following the NFL season kickoff. The competitive threat is weakening DKNG's near-term investment appeal, although the article provides no specific share-price or wagering-volume figures. The impact is primarily company-specific, reflecting pressure from alternative sports-betting products.