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DraftKings cuts profit outlook as prediction-market investment reaches $700 million
New-customer promotions are expected to erase most 2026 Predictions revenue, even as trading volumes rise and more than 1.6 million customers engage with the product.
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DraftKings says DKeX reached third place in U.S. prediction markets
Aldrin Research put the late-June entrant at $1.04 billion in weekly notional trades, though Kalshi and Polymarket remain well ahead.
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Seminole Tribe sues DraftKings over Florida prediction-market offerings
The Tribe says Pick6 and DraftKings’ Super App amount to an unlicensed sportsbook that breaches its exclusive gaming compact.