Gambling Stocks Sag as Prediction Markets Steal Super Bowl Bets

Seattle Seahawks and New England Patriots helmets displayed in inside of the Levi’s Stadium prior to Super Bowl LX in Santa Clara, California, on Feb. 4.Photographer: Don Juan Moore/Getty Images

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February 8, 2026 at 3:00 PM UTC

The Super Bowl is supposed to be the highlight of the calendar for gambling companies. This year, though, a cloud has descended over the industry as the big game approached.

The stock of Flutter Entertainment Plc, which runs one of the most popular US gambling apps, FanDuel, is on an eight week skid, the longest in 23 years. It’s main competitor, DraftKings, is trading around the lowest levels since 2023, and is down more than 60% from its all-time high five years ago.