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After the success of betting websites (DraftKings and FanDuel) there are now companies developing fantasy games focused on stock picking. These companies are using the excitement behind fantasy sports to gain the attention of day traders and gamblers.
Stock Battle is a new site that allows players to compete for cash prizes based on the one-day returns of a virtual stock portfolio. Competitors pay a small entry fee and then select a group of stocks they believe will outperform those of other players on a given day... These efforts seek to capture some of the excitement and the eager cash surrounding such burgeoning fantasy-sports forums as DraftKings and FanDuel, which pioneered the real-money fantasy sports business and have each reportedly been valued at more than $1 billion in private fundraising rounds. ESPN owner Walt Disney Co. (DIS) is taking a stake in DraftKings, CBS Inc.’s (CBS) CBSsports.com runs a real-money fantasy platform and Yahoo Finance parent Yahoo Inc. (YHOO) last month announced it would enter the daily-fantasy sports arena this summer.
