Crossfiled1 outlets · first filed 1 hour ago
Investing in Prediction Markets Will Pay Off, DraftKings CEO Says
DraftKings shares fell as much as 29% on Friday after the company slashed its profit forecast, but it keeps investing heavily in prediction markets. Chief Executive Officer CEO Jason Robins says most of the $650 to $700 million dollars was used to acquire new customers.
How it broke
1 hour ago
Bloomberg TechnologyFirst
Investing in Prediction Markets Will Pay Off, DraftKings CEO Says
Bloomberg Technology
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