DKNG: A Stock Market Fable

DraftKings, that intrepid purveyor of wagers and whims, has shed 36.95% of its value over the past five years. A figure so bleak it could make a grumpy troll weep into his ale. One might reasonably ask: what manner of folly could reduce a stock to such a state, especially in an industry where the winds of legal change have been blowing in its favor? The answer lies in a curious cocktail of missteps, from the fickle gods of sports betting to the ever-hungry tax collectors of the modern age.




