00:00It's Benzinga bringing Wall Street to Main Street
00:02DraftKings shares rose in Friday pre-market trading as investors weighed a reported $15
00:07million deal for NBA star LeBron James to switch from DraftKings to prediction market
00:12polymarket, according to Benzinga. The move highlights growing competition for consumer
00:16attention between traditional sports betting and prediction markets.
00:20DraftKings remains below its 20, 50, 100 and 200-day moving averages while momentum
00:24indicators remain weak. The stock faces resistance near $27 and support near $21.50.
00:31DraftKings is expected to report earnings on November 5th, with analysts forecasting a loss
00:35of $0.16 per share on $1.42 billion in revenue. Shares were up 0.67% at $22.62
00:42in pre-market trading
00:43Friday, according to Benzinga Prodata. For all things money, visit Benzinga.com.
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