DraftKings said it launched DKeX, a proprietary prediction markets exchange integrated with its Sports & Casino app in the USA. The company said DraftKings Predictions recorded $3.4 billion in annualised consumer volume and $11.3 billion in annualised total trading volume for the week ended 21 June.
The exchange gives DraftKings greater control over the technology and event contracts behind its prediction markets offering.
Quarter ended 30 September 2026
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DraftKings lowered its full-year 2026 revenue guidance to $6.35 billion-$6.55 billion, from $6.5 billion-$6.9 billion previously, and reported a third-quarter adjusted EBITDA loss of $317 million. The company said more than 1.6 million customers had used its predictions offering year-to-date and expected 2026 predictions investment of at least $650 million; its shares fell about 22% in Thursday after-hours trading after the results.
DraftKings lowered its 2026 revenue guidance to $6.35bn–$6.55bn from $6.5bn–$6.9bn. It reported a third-quarter adjusted EBITDA loss of $317m, compared with a $126m loss a year earlier.
DraftKings CEO Jason Robins defended the company’s planned prediction-markets investment on its third-quarter earnings call. The company projects adjusted EBITDA investment of $900m to $1.05bn across 2026 and 2027, and Robins said customer acquisition costs could take about 41 months to recover if the Supreme Court bars sports event contracts in July 2028.
DraftKings plans to invest $900m to $1.05bn in prediction markets across 2026 and 2027, the company said in its third-quarter earnings release. The projected investment is measured in adjusted EBITDA.
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 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.
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.