DraftKings Inc (NASDAQ:DKNG) shares are trading higher on Tuesday, after Bloomberg reported "George Soros wagers on sports betting with DraftKings stake."

According to the report, Soros has a $66 million stake in DraftKings. Quantum Partners is an investment vehicle managed by Soros Fund Management, which holds 2.7 million DraftKings Class A shares.

DraftKings Inc is a digital sports entertainment and gaming company. The firm provides users with daily fantasy sports, sports betting, and iGaming opportunities.

Draftkings shares were trading up 5.2% at $25.75 at time of publication on Tuesday. The stock has a 52-week high of $26.39 and a 52-week low of $9.76.

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