AGGREGATED External reporting by Bloomberg. This page summarizes the publisher's feed entry; the full article is on www.bloomberg.com.
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. He speaks to Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)
