DraftKings

@cryptocom Posted on X: DraftKings is expanding its prediction markets catalog with Crypto.com; read more here.

DraftKings Expands Prediction Markets with Crypto.com Partnership

DraftKings: MACD Death Cross and Narrowing Bollinger Bands on 15-min chart.

DraftKings's 15min chart shows RSI overbought, KDJ death cross.

DraftKings: A Strong Buy According to Wall Street Analysts

Risk<ul> <li>Recent technical signals for DKNG show a dominance of bearish patterns including Dark Cloud Cover and Bearish Engulfing, indicating a weakening trend.</li> <li>Net outflow trends across small, medium, and large orders suggest ongoing investor caution or withdrawal, except for extra-large orders.</li></ul>

Key Factors

DraftKings (DKNG) partnered with Crypto.com to launch player-specific sports event contracts for NFL and NBA games on its prediction markets platform. The partnership expands DKNG’s prediction markets into new categories including politics and entertainment, aiming to attract a crypto-savvy user base. DKNG’s stock surged 4.31% on $470 million in trading volume, ranking 314th in trading activity as the partnership announcement fueled market interest.

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