DraftKings Formally Launches Prediction Markets, Analyst Cuts Targets

DraftKings on Friday announced the launch of its new prediction markets app as event contracts continue to surge in popularity. However, Truist expressed concerns about rising risks. Sports betting operator DraftKings (DKNG) on Friday announced the launch of DraftKings Predictions, marking its formal entrance to prediction markets under oversight by the U.S. Commodity Futures Trading Commission (CFTC). The stand-alone app…