DraftKings Stock Drops 15% on Earnings Miss, Doubles Down on Prediction Markets
DraftKings executives leaned closely into prediction markets throughout the firm’s fourth-quarter earnings name Friday morning, framing the rising product as a serious long-term development driver, whilst traders reacted cautiously to the near-term monetary outlook. The name got here a day after the corporate launched its shareholder letter highlighting what it described as a “large, incremental…