DraftKings insiders sold approximately $205.54 million worth of company shares throughout 2024, with sales declining each quarter. The year started with $66 million in Q1 sales, dropping to $61 million in Q2, $45 million in Q3, and finally $34 million in Q4. Recent significant transactions include sales by Chief Legal Officer R. Stanton Dodge and co-founder Paul Liberman, totaling over $30 million in December.

The consistent selling pattern has raised concerns among investors, particularly as:

• All 20 insider transactions in 2024 were sales, with no purchases
• DraftKings stock only rose 5.53% in 2024, significantly underperforming major indexes
• Competitor Flutter Entertainment saw a 44.39% stock increase with no insider selling

This selling pattern contrasts sharply with DraftKings' competitors:

• Flutter Entertainment announced a $5 billion share repurchase program
• Caesars Entertainment saw less than $350,000 in insider selling
• Penn Entertainment insiders bought $2.61 million in shares while selling only $126,578

The stark difference in insider trading patterns and stock performance between DraftKings and its competitors has led to increased scrutiny from retail investors and market analysts.

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