DraftKings to embrace micro-betting markets after striking multi-year Simplebet deal
DraftKings customers will soon be able to wager on pitch-by-pitch MLB action with similar products available across NFL and NBA
Shares of the Boston-based sports betting company closed 5.91% higher at $56.47 on Tuesday.
Ark owns stakes in DraftKings via the Ark Innovation ETF, the Ark Next Generation Internet ETF and the Ark Fintech Innovation ETF and deployed all three of its active ETFs to buy shares in the business.
On a consolidated basis, Ark already held 13.87 million shares, worth $740m, in DraftKings, before Tuesday’s trade.