Catenaa, Thursday, February 13, 2026- DraftKings forecast fiscal 2026 revenue of $6.5 billion to $6.9 billion, citing expected investment in its event-based wagering platform DraftKings Predictions, according to its latest quarterly earnings release reported by The Block.
The company said fourth-quarter revenue rose 43% year-over-year, with record revenue and adjusted EBITDA to close out 2025. CEO Jason Robins highlighted a “massive, incremental opportunity” in DraftKings Predictions, adding the firm plans to deploy growth capital to enhance the product and acquire millions of users.
DraftKings launched its standalone predictions app in December under oversight of the U.S. Commodity Futures Trading Commission, allowing users to wager on real-world event outcomes, including sports-related markets.
The platform operates in partnership with Crypto.com and is available in 38 states, including California, Florida, Georgia and Texas — several of which do not permit traditional sports betting. DraftKings’ core sportsbook product is live in 26 states and Washington, D.C.
The softer revenue guidance, reflecting planned investment and jurisdictional launches, prompted a roughly 15% after-hours decline in DraftKings’ share price.
Prediction markets have expanded rapidly since their broader adoption during the 2024 U.S. elections, with platforms such as Kalshi and Polymarket scaling operations amid rising regulatory scrutiny.
