InsightPlay.ai completed a $500,000 seed funding round, according to reports. Its investors included angel investors and former DraftKings executive Jeffrey Haas.
The completed seed raise provides InsightPlay.ai with funding to develop its business.
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 sports operations director Johnny Avello said the Chicago Bears moved from +1400 to +1200 in Super Bowl futures after trading for Jeffery Simmons on 29 October. After Chicago’s 34-17 win over Seattle on 2 November, the Bears stood at +750, behind the San Francisco 49ers at +550 and Buffalo Bills at +600.
DraftKings announced third-quarter revenue of $1.3 billion, up 16% from the same period in 2025. The company said growth was driven mainly by customer engagement and sportsbook net revenue margin; it also issued fiscal 2027 revenue guidance of $7.35 billion to $7.75 billion and said it plans substantial investment in its predictions business.
DraftKings announced third-quarter revenue of $1.3bn, an increase of $185m, or 16%, from the same period in 2025. A news release attributed the increase mainly to continued customer engagement and a higher sportsbook net revenue margin.
Flutter Entertainment chief executive Dan Taylor said on its 4 November earnings call that the company expects more clarity in the coming months on the economics of FanDuel Predicts. FanDuel recorded $119 million in trading volume in the third quarter; Flutter expects its market-making operation to generate $50 million in revenue and $40 million in adjusted EBITDA during 2026.
Dan Taylor, Flutter's chief executive, told the third-quarter earnings call on 4 November that the coming months should sharpen the company's view of how its prediction market business makes money. At issue is whether FanDuel Predicts can turn a profit by itself, or can only help recruit customers in states that could later permit online sports betting.
FanDuel said it carried out more than 58,000 manual responsible gambling reviews over the past year and described its monitoring practices on a Fast Facts page. The company says its systems flag behavioural indicators for human review, which can lead to education, account limits or exclusion; it also cited free support resources through Kindbridge Behavioral Services.
FanDuel said it has carried out more than 58,000 manual responsible gambling reviews over the past year. The company has published this information on its Fast Facts page.