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Update: DraftKings Launches DKeX Prediction Markets Exchange; Shares Rise

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(Updates with share moves in the fourth paragraph)

DraftKings (DKNG) said Friday it has launched its prediction markets exchange, DKeX, integrated into its DraftKings: Sports & Casino app, expanding its prediction markets platform and strengthening its sportsbook offering.

The firm said DraftKings Predictions hit annualized consumer volume of about $3.4 billion and annualized total trading volume of about $11.3 billion for the week ended June 21.

DraftKings said it also expanded event contracts to include MLB player and futures markets, No Runs First Inning baseball, broader NBA and NHL offerings, and international sports.

Shares were up about 6.4% in afternoon trading.

Price: $24.58, Change: $+1.48, Percent Change: +6.39%

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