DraftKings Drops as MLB Confronts Covid Spread

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The sports betting site hit a 52-week high of $44.79 last month as major league sports made plans to resume play. But an outbreak of coronavirus, especially within the Miami Marlins baseball operation, forced MLB to suspend the team’s schedule. Shares of DraftKings traded around $33.63 on Friday morning, down 24.9% from that June 20 peak.

MLB has updated its coronavirus protocols, according to ESPN, which reported Wednesday that the league is requiring the use of surgical masks for travel and the presence of a compliance officer to ensure league protocol is being followed.