DraftKings’ revenue fell, reportedly, while its chief executive said the company could compete in prediction markets. The available article text does not provide financial figures or further details.
The report links DraftKings’ revenue performance with its stated ambitions in prediction markets.
Quarter ended 30 September 2026
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Reportedly, the Indian Gaming Association's conference chairman addressed how tribes are responding to the growth of sports event contracts from prediction markets. The spread of such contracts creates uncertainty for federally recognised tribes, prompting discussions about the next steps in the fight.
The NBA has reportedly agreed measures to establish integrity rules for prediction markets linked to the league. The available text says the measures include a memorandum of understanding but does not identify the other party.
Meta chief executive Mark Zuckerberg reportedly met Kalshi chief executive Tarek Mansour last year to discuss a possible acquisition. The talks remained at an early stage and ended without agreement; accounts differ on the reasons. Meta is now developing a prediction app called Arena that is not expected to use real-money wagering.
Meta is reportedly developing Arena, an app for user predictions on sports, politics, economics and entertainment, initially using points rather than real-money wagers. Mark Zuckerberg has reportedly asked staff to assess potential partnerships with Polymarket and Kalshi, but no agreement terms are known and the companies have not commented. The project remains in internal development, with a standalone launch and later integration into Meta services described as possibilities.
Charles Schwab has reportedly partnered with Cboe Global Markets to develop contracts linked to the S&P 500. An unnamed source said the all-or-nothing products could launch in the next few months, with traders taking positions on whether the index reaches a specified level on a specified date.