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Why DraftKings Stock Jumped Today

TheMotleyFool

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Shares of DraftKings (NASDAQ: DKNG) popped 13.6% on Wednesday after the daily fantasy sports contest and sports betting company announced a larger move into non-fungible tokens (NFTs).

DraftKings debuted the Primetime NFT Series ahead of the college basketball national tournament. It represents the company's first fully in-house launch of collectible NFTs, which represent ownership of digital assets.

Image source: Getty Images.

Source Fool.com

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