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DraftKings’ expensive bet on prediction markets is crushing its stock

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DraftKings’ expensive bet on prediction markets is crushing its stock
Photo / Coverage: MarketWatch Top StoriesCredit: Bill Peters
EXECUTIVE SUMMARY

Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.

Key Takeaways

  • DraftKings’ expensive bet on prediction markets is crushing its stock.
  • Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.
  • Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.

Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition.

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