BOSTON – Sports daily fantasy and betting website DraftKings made its stock market debut Friday against a backdrop of a near-complete shutdown of athletic competition across the globe due to the coronavirus pandemic.

The gamble appeared to pay off, with the Boston-based company's shares jumping 10% in afternoon trading. DraftKings' move to Wall Street was sealed Thursday after shareholders of a blank-check company, Diamond Eagle Acquisition Corp., approved a merger.

Blank check companies typically are publicly traded but have no operations of their own and aim to acquire or merge with others.

The two also combined with sports gambling platform supplier SBTech, giving the new company a market value of $3.3 billion. DraftKings co-founder and

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

DraftKings debuts on Wall Street amid sports world lockdown

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