🔴 DKNG is trading 4.1% down today amid reports of heavy short-selling and new exchange filings

DKNG is trading 4.1% down at $24.10 on a day with two notable developments influencing investor sentiment.

• A report on May 26 highlighted that short sellers have generated an estimated $351 million in paper profits on DKNG stock in 2026, as investors grow concerned about disruption from the growing prediction markets sector.
• Separately, DraftKings' 'Railbird Exchange' filed its first sports prediction market contracts with the CFTC on the morning of May 26, signaling a key step in bringing more of its prediction market product in-house, with an initial listing planned for May 27.