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0 -0.000290107339715637 0.000145053669857922 -0.000725268349289196 0.000435161009573559 -0.00246591238758322 0.00058021467943148 0
Stock impact report

DraftKings hopes to score big with new prediction markets app [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
DraftKings said event contracts will be available for trading in 38 states and that the company will eventually expand beyond sports and finance into other markets, such as entertainment and culture. The sports betting company announced Friday it is debuting DraftKings Predictions, a mobile app and web product that will be regulated by the Commodity Futures Trading Commission. "Along with our operational footprint, marketing and analytics infrastructure and advanced in-house technology, we believe we are uniquely positioned to lead this space over the long term," Corey Gottlieb, chief product officer of DraftKings, said in a statement DraftKings said its app, which is expected to be available in major app stores within days, will connect with multiple exchanges, starting with the derivatives marketplace CME Group. DraftKings faces growing competition from prediction markets — including Kalshi and Polymarket, now valued at $9 billion and $11 billion, respectively — that enable u Show less Read more
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