Cathie Wood Ditches DraftKings Stock Ahead Of NFL Season, Turns To Prediction Markets: 'Could Reshape The Way'
1. Ark Invest sold substantial DKNG shares in August across multiple ETFs. 2. DraftKings' position in Ark ETFs has significantly decreased recently. 3. Emergence of prediction markets poses competitive risks to DraftKings. 4. Robinhood's new market strategies could disrupt traditional sports betting. 5. Ark Invest remains invested in Robinhood, signaling a shift in focus.