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Boston-based online sports platform, DraftKings Inc. (DKNG), which allows users to play daily fantasy games and win cash prizes, is taking advantage of the changing shift in attitude toward legalizing sports betting by many states.
DKNG stock has gained as much as 233% over the past year. However, its shares have been stumbling lately and have lost 10.3% over the past month. This is primarily due to the rising investor concerns over evolving gambling and license granting laws in some states.