What Will Become of DraftKings' Prediction Market Plan? -- Market Talk

Dow Jones

20 hours ago

1248 ET - A ban of prediction-market trading on sports events could throw off DraftKings' business strategy for 2026. The company is rolling out a predictions platform in states where sports betting is illegal, a market expansion that management has estimated could be worth $10 billion. The improving regulatory landscape played a major role in DraftKings' decision to launch prediction markets, CEO Jason Robins said earlier this year. But a bipartisan bill introduced to the Senate this week could eliminate DraftKings' ability to offer prediction markets for sports events. While DraftKings hasn't quantified its spending on predictions, it did give a lower-than-expected annual outlook, which included new predictions investments. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 12:48 ET (16:48 GMT)

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The company is rolling out a predictions platform in states where sports betting is illegal, a market expansion that management has estimated could be worth $10 billion. The improving regulatory landscape played a major role in DraftKings' decision to launch prediction markets, CEO Jason Robins said earlier this year. But a bipartisan bill introduced to the Senate this week could eliminate DraftKings' ability to offer prediction markets for sports events. While DraftKings hasn't quantified its spending on predictions, it did give a lower-than-expected annual outlook, which included new predictions investments. 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The company is rolling out a predictions platform in states where sports betting is illegal, a market expansion that management has estimated could be worth $10 billion. The improving regulatory landscape played a major role in DraftKings' decision to launch prediction markets, CEO Jason Robins said earlier this year. But a bipartisan bill introduced to the Senate this week could eliminate DraftKings' ability to offer prediction markets for sports events. While DraftKings hasn't quantified its spending on predictions, it did give a lower-than-expected annual outlook, which included new predictions investments. (katherine.hamilton@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 12:48 ET (16:48 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169589451.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621088300","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621088300","pubTimestamp":1774284480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1248 ET - A ban of prediction-market trading on sports events could throw off DraftKings' business strategy for 2026. 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The company is rolling out a predictions platform in states where sports betting is illegal, a market expansion that management has estimated could be worth $10 billion. The improving regulatory landscape played a major role in DraftKings' decision to launch prediction markets, CEO Jason Robins said earlier this year. But a bipartisan bill introduced to the Senate this week could eliminate DraftKings' ability to offer prediction markets for sports events. While DraftKings hasn't quantified its spending on predictions, it did give a lower-than-expected annual outlook, which included new predictions investments. 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