DraftKings Shares Plunge as Company Bets on Prediction Markets
DraftKings stock fell over 26% after the company slashed its profit forecast to fund $700 million in prediction market investments.
Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made
The odds
Each tick is a source publishing on this story
Price data
| Time | Chance of yes |
|---|---|
| now | 1% |
| 6 Nov, 20:17 UTC | 1% |
| 4 Nov, 21:16 UTC | 6% |
Replay the odds, article by article
Step through each article in the order it published and watch Above 9.5% respond.
The story so far
4 publishers have covered this in 4 articles since 6 Nov 2026. News Feed published first, on 6 November at 10:46 UTC; MarketWatch followed 7h 05m later. The most recent article, from Quartz, appeared on 6 November at 20:05 UTC.
Outlets reporting it: News Feed (major outlet), Bloomberg Technology (major outlet), MarketWatch, Quartz.
3 prediction markets price this story:
- Above 9.5% — resolved “No” on 6 Nov 2026.
- Above 4 million — the market puts it at 72%, closing 14 May 2027. The market resolves to Yes if DraftKings reports an average of more than 4 million monthly unique payers during fiscal year 2026. It resolves to No if that average is 4 million or fewer. Readers often mistake the reporting date for the deadline, but the resolution depends on the specific fiscal year data, not when the news breaks.
- Above 3.6 million — resolved “Yes” on 6 Nov 2026.
Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.
How it unfolded
Every source in the order it published, with the odds on Above 9.5% at that moment. A dash means the source published before we started tracking prices.
- News FeedDraftKings slashes earnings guidance as it bets on new prediction market business6%
- MarketWatchDraftKings’ expensive bet on prediction markets is crushing its stock6%
- Bloomberg TechnologyInvesting in Prediction Markets Will Pay Off, DraftKings CEO Says6%
- QuartzDraftKings stock sinks more than 26% as prediction markets bet hammers profit outlook6%
- Market resolved: No
Sources
Every article we clustered into this story. Headlines link to the publisher.
- Investing in Prediction Markets Will Pay Off, DraftKings CEO Says Bloomberg Technology ·
- DraftKings slashes earnings guidance as it bets on new prediction market business News Feed ·
- DraftKings stock sinks more than 26% as prediction markets bet hammers profit outlook Quartz
- DraftKings’ expensive bet on prediction markets is crushing its stock MarketWatch
Related prediction markets
Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right
- Resolved Above 9.5% No 11h ago
The market favoured No at 99% a day out, and it won. How often it's right
Wrong market?
- Kalshi Above 4 million 72%
Does the market have this right?
Wrong market?
- Resolved Above 3.6 million Yes 11h ago
The market favoured Yes at 95% a day out, and it won. How often it's right
Wrong market?
Have your say
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In this story
- DraftKings
- Jason Robins
- Kalshi
- Polymarket