How DraftKings Stayed Competitive in a World Without Sports

Here’s why investors are bullish on a fantasy sports betting company that went public when sports and casinos were shut down

General view of the DraftKings logo at the ribbon cutting opening celebration for its Las Vegas location.
Photo: Denise Truscello/Getty Images

Shifts in gambling laws

DraftKings took a legal activity, made it as similar as possible to a very popular illegal one, and built an entire business off of it.

The pandemic-fueled growth of esports

The safest stocks for individual investors are, paradoxically, the ones where analyzing the business consists entirely of guesswork.

The surge of interest from amateur day traders

I write about technology (more logos than techne) and economics. Newsletter: https://diff.substack.com/

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