GMVHF - DraftKings roundup: Entain wildcard blockchain move and Canada upside
DraftKings (DKNG +0.5%) says it will continue to talk with Entain (OTCPK:GMVHF) after the "put up or shut up" deadline for a potential acquisition was extended until November 16. Meanwhile, there are more sports betting numbers in for the U.S. market. DraftKings (NASDAQ:DKNG) ranks second in online sports betting revenue for the first eight months of the year, per the latest update from Eilers & Krejcik Gaming. DraftKings is the market leader in Iowa and New Hampshire. DraftKings also turned some heads this week with a blockchain deal with Polygon. Analysts expect the deal to provide DraftKings Marketplace with a "scalable, eco-friendly blockchain solution" that enables added throughput and expanded capabilities. Notably, DraftKings will be able to become a validator on Polygon network. Looking down the road, Roundhill Investments' Will Hershey sees an advantage for DraftKings (DKNG) if it launches aggressively in Canadian markets in the near future. "As NHL
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DraftKings roundup: Entain wildcard, blockchain move and Canada upside