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Investing in Prediction Markets Will Pay Off, DraftKings CEO Says

Bloomberg Technology Friday 06 November 2026, 17:58 UTC 1 min read
Key Points

Nov 6th, 2026 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 "Bloomberg Tech."

Nov 6th, 2026 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 "Bloomberg Tech."
DraftKings (ORG) Jason Robins (PERSON) Tim Stenovec (PERSON) Bloomberg Tech (ORG)
Originally published by Bloomberg Technology Read original →

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