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DraftKings raises planned prediction market investment to as much as 1.05 billion dollars through 2027, Gambling Insider reports
- DraftKings raises planned prediction market investment to as much as 1.05 billion dollars through 2027, Gambling Insider reports — 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. (Gambling Insider)
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