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DraftKings (DKNG, i) has already been highlighted as an interesting comeback opportunity in July, as stronger CFTC regulations for competing prediction contract providers could create a level playing field. Now, the results for the second quarter show that the feared cannibalization of online sports betting is absent. Moreover, the sports betting business is thriving despite a revenue headwind of $80 million due to customer-friendly results. During the World Cup, the betting volume was six times higher than at the 2022 World Cup, and in July, there...
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