- DKNG is an online sports betting book who as of today announced they entered a Blockchain agreement with Polygon. Polygon is an Ethereum-based scaling platform, to support custom NFT drops along with secondary-market transactions.
- The deal provides DraftKings Marketplace with a scalable, eco-friendly blockchain solution that enables added throughput and expanded capabilities.
- Sports Betting has become widely popular this quarter due to Social Media outlets whom glorify the big rewards with small risk bets such as multiple leg parlay bets. Not to mention NFL and MLB season on full throttle this quarter. Earnings should be stellar.
- As for the technical side of $DKNG, it has been basing at these current lows and not finding any sellers under these levels. Seems like a good risk to reward spot to position yourself bullish.
Daniel Betancourt
OptionsSwing Analyst