Penn Entertainment and Gambling.com slash jobs as AI replaces engineers and prediction markets siphon bets from sportsbooks.
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Penn Entertainment and Gambling.com slash jobs as AI replaces engineers and prediction markets siphon bets from sportsbooks.
DraftKings (NASDAQ:DKNG) got a downgrade from MoffettNathanson to Neutral from Buy on April 24, with a price target cut to $27 from $38. The firm acknowledged prediction market competition as the overhang it can no longer dismiss. For long-term investors, the downgrade reframes the DraftKings stock thesis around regulatory risk rather than valuation. DKNG shares ... MoffettNathanson Downgrades DraftKings: Are Prediction Markets Killing the Sports Betting King?