DraftKings slashes earnings guidance as it bets on new prediction-market business

Headline from Financial Times · First reported Nov 6, 5:46 AM ET (13h ago) · Updated Nov 6, 12:58 PM ET · 2 sources, 2 articles

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Sports-betting company spends big while trying to catch up with Kalshi and Polymarket

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Left · BloombergInvesting in Prediction Markets Will Pay Off, DraftKings CEO Says

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BloombergLeft-CenterMostly Factual·Nov 6, 12:58 PM ET

Investing in Prediction Markets Will Pay Off, DraftKings CEO Says

DraftKings shares fell as much as 29% on Friday after the company slashed its profit forecast, but it keeps investing heavily in prediction markets. Chief Executive Officer CEO Jason Robins says most of the $650 to $700 million dollars was used to acquire new customers. He speaks to Tim Stenovec on…

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Financial TimesLeast BiasedHigh·Nov 6, 5:46 AM ET

DraftKings slashes earnings guidance as it bets on new prediction-market business

Sports-betting company spends big while trying to catch up with Kalshi and Polymarket

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