TechReadWriteabout 12 hours ago
BofA Upgrades DraftKings on Prediction Market Fees
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Bank of America upgraded DraftKings from Neutral to Buy, keeping a $27 price target, and estimated the company could collect about $400 million in prediction-market fees in 2027. BofA also sees a separate $200 million to $400 million opportunity from market-making, and said DraftKings is now the third-largest prediction-market player.
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