Why DraftKings Was Trouncing the Market on Tuesday

Online sports gambling specialist DraftKings (NASDAQ: DKNG) was a good bet for investors on Tuesday. In midafternoon trading, the company's stock was up by nearly 6% on the back of a deal it announced that morning.

DraftKings' arrangement is with a privately held company called Simplebet, a specialty tech company that facilitates micro-betting -- i.e., wagers on individual plays within a sporting event.

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Source Fool.com