Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

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13. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders In Q3 2024: 54

DraftKings Inc. (NASDAQ:DKNG) is one of the earliest movers in the fast-growing online sports betting industry. This has enabled it to carve out a sizable market share which is evident through its 32% market share as per EKG. DraftKings Inc. (NASDAQ:DKNG), along with rival FanDuel commands a 67% online betting market share. The firm’s performance is dependent on consumer discretionary income, and a favorable regulatory environment. Cramer believes that even though online gambling might be addictive, it is better than zero-day options. We discussed his remarks about the options in detail in the introduction to this piece, and here’s what the CNBC host said:

“Jason Robins is more responsible. He’s the CEO of DraftKings. He’s a more responsible person when it comes to gambling than zero day options. What is that? Zero-day thirty!”

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