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

_Published Friday, November 6, 2026 at 1:42 PM EST · Products · Latest · Tier 2 — Notable_

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.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/videos/2026-11-06/prediction-markets-will-pay-off-draftkings-ceo-says-video)

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Canonical: https://techandbusiness.org/newswire/V61DdyspntGg7Z_J8KgXOr
Published: 2026-11-06T18:42:58.054Z
Story chronology: 2026-11-06T17:58:17.000Z
Retrieved: 2026-11-06T22:50:41.111Z
Publisher: Tech & Business (techandbusiness.org)