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Motley Fool
Why DraftKings Stock Was a Losing Bet Today
For any sports team at any level, the recognition of looming defeat is a bitter feeling that can be tough to face. In an interview with Bloomberg published this morning, DraftKings CEO Jason Robins essentially admitted that one of the two propositions to legalize online sports betting will fail. Last week, TV station KQED in Northern California quoted a survey by the University of California, Berkeley, Institute of Governmental Studies revealing that only 27% of respondents said they would vote yes on Proposition 27.
