DraftKings Cuts Outlook as It Pours More Money Into Prediction Markets
By Katherine HamiltonDraftKings cut its outlook to reflect the climbing costs of growing its prediction markets business.The sports-betting company said it now expects full-year 2026 revenue to be $6.35 billion to $6.55 billion for the year, down from its previous guidance of $6.5 billion to $6.9 b…
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10:49:26 PM UTC
SquawkNews
By Katherine HamiltonDraftKings cut its outlook to reflect the climbing costs of growing its prediction markets business.The sports-betting company said it now expects full-year revenue to be $6.35 billion to $6.55 billion, down from its previous guidance of $6.5 billion to $6.9 billion.It also sla…