YahooOctober 15, 2026 at 12:37 PM NY12 Days Ago
DraftKings faces earnings pressure as prediction market spending rises, Jefferies says
Jefferies has cut its 2026 adjusted earnings forecast for Draftkings Inc (NASDAQ:DKNG), the US sports betting and online gaming company, by 15% as increased spending on prediction markets and slower iGaming growth weigh on near-term profitability. The broker expects DraftKings to incur an...
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