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Drive by DraftKings plans second fund focused on real-money gaming

Funding

Drive by DraftKings said its second fund will focus on real-money gaming, including fantasy sports, skill contests, prediction markets and cash games. The company described the sector as valued at $100 billion and projected to reach $150 billion by 2030. CEO Meredith McPherron said the fund would increase the firm’s investment in the sector.

The planned focus signals a potential source of investment for companies developing real-money gaming products.

Related company prices

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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DraftKings CEO expects 2027 prediction-market investment near $300m midpoint

DraftKings CEO 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, and described non-sports event contracts as a “hidden gem”.

DraftKings' CEO would be surprised if its 2027 prediction-market investment exceeded the $300m midpoint of its plan. Jason Robins said the group would track court rulings and adapt its spending, and saw an overlooked opportunity in non-sports event contracts.

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