DraftKings Inc. has announced several significant developments in the daily fantasy sports contest and sports betting industry.

Acquisition of Railbird Exchange DraftKings is reportedly exploring the acquisition of Railbird Exchange, a prediction market platform. This potential deal has led to an increase in the company’s stock price.

• Analysts have raised their target price for DraftKings’ stock to $50.
• The acquisition of Railbird Exchange is seen as a positive move by analysts.

Controversy Over Public Statement DraftKings has faced criticism for deleting words like “diverse” and “inclusive” from a public statement. This move has sparked concerns about the company’s commitment to social responsibility.

Expansion of Services Despite the controversy, DraftKings continues to focus on expanding its services. The company has launched a Spanish language feature on its sports-betting app.

• The Spanish language feature is designed to increase accessibility for Spanish-speaking users.
• The launch of this feature is part of DraftKings’ ongoing efforts to expand its services and reach a wider audience.