DraftKings shares fall as much as 29% after profit forecast cut

Published Friday, November 6, 2026 · 1:42 PM EST

DraftKings shares fell as much as 29% on Friday after the company cut its profit forecast, Bloomberg reports. The company continues investing heavily in prediction markets. Chief executive Jason Robins said most of the $650 to $700 million was spent acquiring new customers.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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