Jun. 24 at 9:01 PM
$DKNG Draftkings in on pace to do
$3.1 Billion in Annualized Prediction Market Volume this year (likely to go much higher).
This volume alone is just over 25% of Draftkings market cap (
$12.17 Billion).
So, not including their Sportsbook or igaming revenue, DK Predicitons alone is already generating a volume that equals 25% of their current market cap.
This stock/company is incredibly mispriced. I think that 10% run up to
$30 was just a sign of things to come. I have no explanation nor have I heard a legitimate reason to why it sold off, but I have no doubt it will reach
$30 again and blow right past it.
Predicitons are the best thing to happen to Draftkings as it gives them access to all 50 states, and it’s not hurting their core business of OSB & igaming in states where OSB is legal like everyone thought.
There is no bear case left. Just the question of how high this will go and when. And don’t forgot they’re profitable now, just another reason to be bullish.
