By Brendan Coffey, Sportico: Shares in fantasy sports pioneer DraftKings plunged more than 11% in early trading Tuesday as short-seller Hindenburg Research issued a report stating the company has “exposure to extensive dealings in black-market gaming, money laundering and organized crime.”
The report was posted online prior to trading Tuesday. Hindenburg said it has taken a short position in DraftKings, meaning it aims to profit from shares falling in price.
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