DraftKings, Flutter Shares Fall After Robinhood Reports September-to-Date Trading Volume of $206 Billion, Up Sequentially

MT Newswires Live

10/01

Shares of DraftKings (DKNG) and Flutter Entertainment (FLUT) were down in recent Tuesday trading after Robinhood Markets (HOOD) said Monday that its equity trading volumes from Sept. 1 through 25 totaled $206 billion, with 187 million option contracts traded.

Robinhood reported on Sept. 11 that its October equity trading volumes totaled $199.2 billion with 195.5 million option contracts traded.

According to Bloomberg, Robinhood Markets has become a competitor of sports betting operators like DraftKings and Flutter Entertainment as it allows trading of contracts on the results of sporting events.

Shares of DraftKings were down more than 10% and Flutter Entertainment stock was down more than 8%, while Robinhood Markets shares were up 1.7% in recent Tuesday trading.

Price: 37.93, Change: -4.38, Percent Change: -10.34

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