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Disney Secures Multiyear Deal Making DraftKings ESPN’s Sports-Betting Partner

The agreement will take effect on December 1, boosting DraftKings shares over 5% in pre-market trading.

Summary

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Terms & Concepts
  • Sports betting: The activity of predicting sports results and placing a wager on the outcome.
  • Pre-market trading: The buying and selling of securities before the official market opening, often reflecting investor reaction to news.