Movement Alert｜DraftKings Rises 5.71% in Regular Trading, Proprietary Prediction Markets Exchange DKeX Officially Launches Driving Volume Surge

Market Focus

06/26

On June 26, DraftKings rose 5.71% in regular trading, trading at $24.14/share, with turnover of $74.14 million.

On the news front, DraftKings announced the official launch of its proprietary prediction markets exchange, DKeX, integrated into its unified DraftKings: Sports & Casino app. The company disclosed that for the week ended June 21, DraftKings Predictions reached annualized consumer volume of approximately $3.4 billion and annualized total trading volume of approximately $11.3 billion, representing substantial growth from May figures of $1.3 billion and $3.1 billion respectively. The platform has also expanded event contracts to include MLB player and futures markets, broader NBA and NHL offerings, and additional international sports.

DraftKings Predictions is now live in 18 states. Previously, Citizens Capital Markets raised its price target on DraftKings from $34 to $36 on June 25, maintaining an outperform rating. The company maintains full-year revenue guidance of $6.5 billion to $6.9 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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