DraftKings Stock Jumps As Its Prediction-Market Bet Hits A Critical Test
DraftKings shares climbed 5.3% to $25.07 on Wednesday after its Railbird Exchange certified six sports event-contract templates with the CFTC. The move signals a deeper push into federally regulated prediction markets. Trading volume reached about 11.8 million shares. Flutter Entertainment, parent of rival FanDuel, rose 2.0%.