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Benzinga
Benzinga
Business
Henry Khederian

Bear Cave Sees 'More Problems' Ahead For DraftKings As Prediction Market Volumes Continue To 'Explode'

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Shares of DraftKings Inc (NASDAQ:DKNG) are in the spotlight on Thursday after research firm The Bear Cave published a new report detailing a growing competitive threat from prediction markets. Here’s what investors need to know.

What To Know: The report, titled “More Problems at DraftKings,” is a follow-up to a warning issued two weeks ago in which the Bear Cave argued that DraftKings is likely to lose share to prediction market platforms.

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