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0.000577982637285393 0.00028753910096113 -0.000148126203525368 0.00188497855074489 -0.00101945681249836 -0.000293347971687603 0.000868426173609656 0.000868426173609656
Stock impact report

DraftKings enters prediction markets with CFTC-approved app for real-world events [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced on Friday It is registered with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association and will be available in 38 states to buy and sell event contracts. To deepen its market offerings, DraftKings will connect to exchanges like CME Group and plans to incorporate Railbird Technologies, which it recently acquired. That integration is expected to broaden the types of available markets and improve economics over time, it said. This move puts DraftKings in direct competition with Polymarket, a popular crypto-based prediction market platform, and Robinhood (HOOD), which earlier this year launched event contracts for sports outcomes. Unlike Polymarket, which relies on blockchain-based infrastructure and stablecoins, DraftKings operates entirely within the existing financial system and app ecosyste Show less Read more
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