DraftKings chief executive Jason Robins said he would be surprised if the company’s 2027 investment in prediction markets exceeded the $300m midpoint of its plan. He said DraftKings would monitor court rulings and adjust spending accordingly, and described non-sports event contracts as an area of interest.
The spending outlook and court rulings could affect DraftKings’ investment in prediction markets.
Quarter ended 30 September 2026
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DraftKings said in its third-quarter materials that it increased its 2026 adjusted EBITDA investment in Predictions by $50m to $700m. Its downside model assumes sports event contracts end on 31 July 2028 and that Predictions customers then generate 20% of current gross profit; the model extends payback from 18 months to 41 months.
DraftKings said it raised its 2026 adjusted EBITDA investment in Predictions by $50m to $700m and modelled the effect of sports event contracts ending on 31 July 2028. The downside model assumes Predictions customers would generate 20% of their current gross profit after sports contracts end, extending payback from 18 months to 41 months.
DraftKings chief executive Jason Robins said he had become more receptive to cryptocurrency event contracts after seeing early positive signs, according to a report of his remarks at the NEXTPredict Summit. The report said DraftKings routes these contracts through Crypto.com and may be considering bringing the activity in-house; it also cited analyst estimates that timed digital-currency contract volumes rose 44-fold in the first seven months of 2026.
DraftKings chief executive and co-founder Jason Robins said at the NEXTPredict Summit in New York City last week that he had become more open to cryptocurrency event contracts after seeing early positive signs, according to a report of his remarks. The report said DraftKings routes these contracts through Crypto.com rather than its own DKeX exchange, and cited an analyst as saying the company may be examining bringing the activity in-house.
DraftKings chief executive Jason Robins said the company’s exchange ranked third by trading value for the week ended Oct. 18. Aldrin Research data cited in the report put its volume at $1.04 billion and market share at 3.57%.
Speakers at day one of the NEXTPredict Summit New York debated who gains from prediction markets, with economists disagreeing over whether retail traders are structurally disadvantaged. DraftKings' Jason Robins said the company's predictions business is already the third-largest exchange despite operating in fewer than half of US states.
An MGM takeover bid collapsed while a $17.6bn Caesars deal progressed. The outlet also reported investor reactions to DraftKings’ prediction-market strategy and CFTC consideration of margin trading.