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DraftKings’ Predictions Bet Has Bulls Reeling From Sticker Shock

Bloomberg Markets Friday 13 November 2026, 14:30 UTC By Peyton Forte 1 min read
Key Points

DraftKings’ Predictions Bet Has Bulls Reeling From Sticker Shock DraftKings Inc.’s plans to pour money into prediction markets is worrying Wall Street analysts who view the lack of regulatory clarity as a key risk, spurring a flood of downgrades for the stock. The sports betting company is accelerating spending to acquire more customers for its prediction-market product, DraftKings Predictions. That growth is coming at the expense of its near-term profitability goals, with the company...

DraftKings’ Predictions Bet Has Bulls Reeling From Sticker Shock DraftKings Inc.’s plans to pour money into prediction markets is worrying Wall Street analysts who view the lack of regulatory clarity as a key risk, spurring a flood of downgrades for the stock. The sports betting company is accelerating spending to acquire more customers for its prediction-market product, DraftKings Predictions. That growth is coming at the expense of its near-term profitability goals, with the company reducing its adjusted Ebitda forecast for this year by $575 million at the midpoint and initiating a 2027 outlook that disappointed.
DraftKings’ Predictions Bet Has Bulls Reeling From Sticker (ORG) DraftKings Inc.’s (ORG) DraftKings Predictions (ORG) Ebitda (ORG)
Originally published by Bloomberg Markets Read original →

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