Shares of DraftKings ( $DKNG (+3,01 %) ) rallied on Tuesday after the sports-betting company reported strong growth in activity on its predictions platform.
According to the company's SEC filing, annualized consumer trading volume on DraftKings Predictions increased 24% month over month to $1.3 billion in May.
Annualized total trading volume rose even faster, climbing 34% from April to reach $3.1 billion.
Yesterday both Flutter $FLTR (+0,51 %) and Draftking have closed a deal with Crypto.com in order to increase their prediction market offerings.
Volumes are surging higher than ever thanks to the world cup, if team USA will go further than expected analysts forecast an even higher handling volume than the actual projected.
