DKNG - NCAA Seeks To Ban College Prop Bets: Why DraftKings Stock Is Dipping Today | Benzinga
DraftKings Inc. (NASDAQ:DKNG) shares are trading lower Wednesday after NCAA President Charlie Baker announced he is working to ban college prop bets from all betting markets.
The Details:
Baker posted his intent to seek the banning of college prop bets in all betting markets in order to protect student-athletes and the integrity of the game.
"This week we will be contacting officials across the country in states that still allow these bets and ask them to join Ohio, Vermont, Maryland and many others and remove college prop bets from all betting markets," Baker said in a statement on X.
“The NCAA is drawing the line on sports betting to protect student-athletes and to protect the integrity of the game – issues across the ...