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Coverage dated November 6, 2026

DraftKings stock takes a hit after disclosing just how much it’s spending in prediction market expansion

Headline from The Boston Globe

DraftKings is doubling down on its expansion into the prediction markets, but investors don’t seem to consider that move a safe bet.

The Boston Globe's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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Reports & sources

2 articles, oldest first.

  1. Quartz

    DraftKings stock sinks more than 26% as prediction markets bet hammers profit outlook (opens Quartz)

    Published

    Quartz's feed description

    DraftKings expects 2026 Adjusted EBITDA of $175 million to $275 million, reflecting $650 million to $700 million in Predictions investment

  2. The Boston Globe

    DraftKings stock takes a hit after disclosing just how much it’s spending in prediction market expansion (opens The Boston Globe)

    Published

    The Boston Globe's feed description

    DraftKings is doubling down on its expansion into the prediction markets, but investors don’t seem to consider that move a safe bet.

DraftKings stock takes a hit after disclosing just how much it’s spending in prediction market expansion | Since Then