Yes — there is a recent confirmed purchase by Cathie Wood's ARK Invest of DraftKings (DKNG).
Here are the details:
They acquired 511,049 shares of DraftKings. Retail Investors Might Be Missing
Cathie Wood's moves often look contrarian in the short term but are tied to macro innovation themes that she believes will converge later. DraftKings (DKNG) isnt just a betting platform — she sees it as part of a “prediction market” revolution.
Here's what may not be obvious to retail investors:
AI-Driven Prediction Models: DraftKings is increasingly using AI and machine learning for odds-making, fraud detection, and personalized betting — which aligns with ARK’s “AI in consumer platforms” theme.
Data Asset Play: DraftKings holds massive user behavior data (sports, spending, timing, sentiment) — valuable for future predictive analytics and even digital advertising models.
Regulatory Expansion Catalyst: More U.S. states and some global regions are opening up legal sports betting — giving DraftKings a secular growth runway that’s less tied to short-term economic cycles.
Blockchain + Tokenization Potential: DraftKings has dabbled with NFTs and blockchain gaming, which could later blend with ARK’s blockchain thesis.
So while it looks like a simple “gambling stock,” she’s probably positioning for the AI + data + fintech convergence in entertainment and prediction markets.
She is investing into future AI gambling platform!
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