DraftKings Launches Predictions Market with Strong Initial Performance
DraftKings (DKNG) launched its prediction markets exchange DKeX and saw a stock rally on June 26, supported by increased user engagement and a raised price target from Citizens to $36 per share. The company reported significant annualized trading volumes of $11.3 billion in the first week.
Tickers: $DKNG
Topics: consumer volume DKeX launch prediction markets price target increase