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Why DraftKings Plunged Today

Key Points Privately held Kalshi had record sports-betting volumes this past weekend. The venture-backed betting platform could become an increasing threat to existing sports-betting leaders. Tuesday's consumer sentiment reading also fell flat, harming any stock related to consumer spending. 10 stocks we like better than DraftKings › Shares of sports betting and iGaming giant DraftKings (NASDAQ: DKNG) fell 10.2% on Tuesday as of 12:32 p.m. ET. DraftKings didn't have any company-specific news tod ...