The parallels between sports betting and financial investing [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Sports betting has surged in popularity in recent years, with companies like DraftKings ( DKNG ), FanDuel ( FLUT ), and BetMGM ( MGM ) bringing it into the mainstream. In the latest episode of Financial Freestyle with Ross Mac , Jason Seo, CEO of The Lock Talk, joins Ross Mac to discuss the nuances of the sports betting industry and how betting strategies often mirror investing in financial markets. Seo, a Morgan Stanley alum and Mac's one-time intern, shares key methodologies he learned on Wall Street that apply to the gambling business. “The biggest part of sports betting is that you need to have an appetite for risk and the ability to take losses, [and] use analytics and data to empower your decisions,” Seo continues. “So [my] training on Wall Street risk management, discipline, and it's the ability to go through data numbers. I think the three main keys I got from Wall Street.” Another parallel between sports betting and the financial sector is the heavy reliance on analy
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DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website