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What Happened? Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 3.1% in the morning session after the company secured a direct mobile sports betting license to operate in Missouri.

Most investors weren't swayed by its second-quarter report. After more than a year's worth of unrewarded growth, they should have been.

DraftKings has been granted a direct mobile sports betting license, so it can operate independently across the state of Missouri.