Why DraftKings Is Down 4% Today

Shares of DraftKings (NASDAQ: DKNG) were down 4% in afternoon trading Monday after Florida Republicans delayed the launch of sports betting in the state until October. Gov. Ron DeSantis had worked out a deal with the Indian nation to authorize sports betting and even micro-betting, or bets on outcomes of events occurring within an event. Republican leadership in the state legislature said, "Even the mere possibility of this was unacceptable," according to the Tallahassee Democrat.