DraftKings not Catering to Institutional Players, CEO Says
Dow Jones10-23 03:02
1502 ET - DraftKings isn't investing in products that appeal to institutional players and algorithmic traders, CEO Jason Robins says at the NEXTPredict summit in New York. The more those kinds of products are introduced, the more likely that it will lead to a worse customer experience for DraftKing's retail users, who are its core focus, Robins says. That said, DraftKings also can't prevent those bigger players from using its platform, he says.
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