$Draftkings(DKNG.US) surged +11.26%, catalyzed by the official launch of its own prediction market exchange DKeX.
Previously, since December, the prediction business had been operating on the CME derivatives track. Now, by building the entire pipeline in-house, it means contract design, operational economics, and customer service are fully controlled by themselves.
Annualized trading volume has already reached the $3.4B level; Citizens analysts raised the target price from $34 to $36 that day. Since the beginning of this year, this stock has fallen by over 30%. The launch of DKeX provides a thematic basis for a second growth curve in the second half of the year.
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