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DraftKings Jumps as Prediction Markets Enter the Mainstream

Key Points DraftKings shares rose as much as 10% intraday on 9 June, with annualised prediction markets volume reaching $3.1bn in May, up 34% month-on-month. The stock move arrives against a backdrop of bipartisan Senate legislation, a co-founder publicly branding rivals “niche as f***”, and a $22bn-valued Kalshi accused of corporate espionage by Polymarket. DraftKings […]

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