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news.bitcoin.com · Sep 17

Draftkings CEO Says Prediction Market Wins Are Sinking His Own Stock

At a Tuesday industry event, Jason Robins used harsh language to dismiss a Fortune report on a $30 million marketing deal with a departing cofounder as a “total hit piece.” He also described something as an unusual economic mechanic: a share price that falls when prediction markets win and rises when courts rule against them. […]

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