403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Draftkings Takes On Kalshi, Polymarket With New Prediction App In A Push Beyond Sports Betting
(MENAFN- AsiaNet News)
DraftKings Inc. (DKNG) on Friday announced its entry into prediction markets with the launch of a dedicated app, beginning with sports and finance, taking on similar offerings from Kalshi and Polymarket.
The Boston, Massachusetts-based company known for its fantasy sports offerings, announced that its prediction markets launch comes under the oversight of the U.S. Commodity Futures Trading Commission (CFTC).
Named DraftKings Predictions, the service is a standalone web and mobile app that allows users to trade on real-world outcomes across a wide range of markets, beginning with sports and finance, before expanding to other categories.
DraftKings shares were up nearly 2% in Friday's pre-market trade. Retail sentiment on Stocktwits around the company trended in the 'bearish' territory at the time of writing.
Get updates to this developing story directly on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment