Investors need to pay close attention to DraftKings (DKNG) stock based on the movements in the options market lately.
GameStop soars after completing an offering of 45 million shares for proceeds of about $933.4 million, Nvidia stock gets a boost from an announcement that Elon Musk’s XAI raised $6 billion in the start-up’s latest fundraising round, and DraftKings tumbles as Illinois senators pass a new budget that includes a tax increase on sports-betting operators.
This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.