$2 Billion Polymarket Investment Sends DraftKings and Other U.S. Bookmaker Stocks Lower
Lina Almans
08 October 2025
Comment 0
Shares of major U.S. betting operators fell after reports that Intercontinental Exchange (ICE) — the owner of the New York Stock Exchange — plans to invest up to $2 billion in the prediction-market platform Polymarket.
According to Vegas Slots Online, DraftKings shares dropped about 6%, while Flutter Entertainment, the parent company of FanDuel, fell by more than 5%. Rush Street Interactive (operator of the BetRivers brand) also lost ground.
Over the past week DraftKings shares declined roughly 18%, and Flutter’s fell around 8%. Analyst Jordan Bender of Citizens Equity Research said betting companies need to develop a clearer investor strategy — potentially by launching their own prediction markets or ramping up marketing efforts.
Bender added that until bookmakers outline such a strategy, platforms like Polymarket and Kalshi will continue to put pressure on their market positions.
As part of the deal, Intercontinental Exchange will gain distribution rights to Polymarket’s data — insights showing how users assess the likelihood of political, economic, and sporting events.
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
