Terminal
Infiniti Feed

DraftKings expands prediction market spending as shares slide after hours

DraftKings reported third-quarter revenue of 1.33 billion dollars, up 16 percent, and said October prediction trading volume reached about 4.7 billion dollars, including 842 million dollars in consumer volume. The company now expects to spend 650 million to 700 million dollars on predictions this year and another 250 million to 350 million dollars next year, and its shares fell as much as 21.5 percent in Thursday after-hours trading.

DraftKings is increasing its planned investment in prediction markets to as much as $1.05 billion through 2027, according to Gambling Insider. The spending outlook accompanied third-quarter revenue of $1.33 billion, an increase of 16 percent.

October prediction trading volume totaled about $4.7 billion, including $842 million in consumer volume. The distinction matters when assessing activity: the consumer figure represents only part of the reported total.

Spending plans and share reaction

DraftKings now expects prediction-market spending of $650 million to $700 million in 2026, followed by another $250 million to $350 million in 2027. Together, those ranges imply planned investment of $900 million to $1.05 billion across the two years.

Shares fell as much as 21.5 percent in Thursday after-hours trading, according to Gambling Insider. The reported decline came alongside both revenue growth and the increased spending outlook, but the information provided does not establish how much each factor contributed to the move.

What it means for prediction markets

  • Investment is a multiyear commitment: The spending ranges give readers benchmarks for tracking DraftKings’ prediction-market expansion through 2027.
  • Volume measures need careful separation: October’s roughly $4.7 billion in total trading volume should not be confused with the $842 million consumer-volume component.
  • Activity does not establish profitability: The reported revenue, trading volume and planned spending do not show whether DraftKings’ prediction-market business is profitable.
DraftKingsInfiniti MarketsInfiniti Signals

Sources & attribution

Published
  1. Source
    Gambling Insider
    Publisher
    The publisher did not list a web address.
    Source URL
    The feed did not publish this story's article address.

Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Gambling Insider”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.

Related