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0.000671506352087097 0 0 -0.00254083484573504 -0.0199637023593467 -0.0272232304900181 -0.0279491833030853 -0.0259818511796732
Stock impact report

DraftKings Hiring For In-House Market Making Team That Would Trade On Its Prediction Market [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
role that will help the betting operator's trading team to “allocate liquidity” to markets where it is needed. It is not immediately clear from the job listing whether DraftKings' team is already making trades on the prediction market now or if the company just plans to do so later. A DraftKings spokesperson did not directly address the question of whether the in-house market maker was already active, or which markets it might trade on, when asked by InGame Market makers on prediction markets typically offer bets that other traders can accept on both sides of a given contract. These offers typically sit on a prediction market orderbook as “resting orders,” which become trades if another user agrees to take the bet. This is often referred to as providing liquidity. In a market with a high level of liquidity, traders should be able to take either the “yes” or the “no” side of the bet with only a small difference between the two prices. Most bettors are more willing to accept bets Show less Read more
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