DraftKings cuts earnings guidance as it spends heavily on a prediction-market business
Summary
DraftKings has cut its earnings guidance as it spends heavily on a new prediction-market business. The sports-betting company is trying to catch up with rivals Kalshi and Polymarket.
Timeline
Financial Times
Source ↗Reports that DraftKings has slashed its earnings guidance while spending big to catch up with Kalshi and Polymarket in prediction markets.
Comments
No comments yet.
to like and comment.