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Stock impact report

PrizePicks Exiting Canada, 'Hyperfocused' on U.S. Expansion [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
Daily fantasy sports company PrizePicks is leaving Canada, a company spokesperson confirmed to Covers on Tuesday. Key Takeaways PrizePicks told Canadian customers through an email that major changes will occur March 10. Users of the DFS product have until April 2 to withdraw all funds. PrizePicks has been offering its products in all Canadian provinces except Ontario. The Atlanta-based operator informed customers of the change through email earlier Tuesday, citing a “difficult decision” to pause DFS contests in Canada. “On March 3rd, PrizePicks announced its planned exit from the Canadian market,” the PrizePicks spokesperson said. “We are currently hyperfocused on our continued expansion across the U.S. and delivering the best product experience for our players.” PrizePicks won't allow users to set new lineups or deposit funds after March 10, per the customer email. Customers must withdraw funds from their accounts by April 2, and all operations in Canada will shut down Show less Read more
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