Why DraftKings Stock Surged on Wednesday

Shares of DraftKings (NASDAQ: DKNG) climbed sharply higher on Wednesday, surging as much as 6.5% early in the session. As of 12:28 p.m. EDT, the stock was trading up 5.9%.

The online betting and fantasy sports company surged on news it had inked a deal with non-fungible token (NFT) platform Autograph to launch a marketplace for digital, collectible content. 

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Source Fool.com