Why DraftKings Is Down 5% Today

Shares of online daily fantasy sports and sports betting company DraftKings (NASDAQ: DKNG) are down 5% today as of 2:45 p.m. EDT. 

The company announced a new agreement with Turner Sports today, but there's other news that has investors spooked. 

The multi-year agreement with Turner Sports gives DraftKings exclusivity as the sportsbook and daily fantasy sports provider for all Turner Sports and Bleacher Report properties, other than NBA programming. Turner is the parent company of sports and sports culture website Bleacher Report. 

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Source Fool.com