DraftKings Stocks Crash 21% After Slashing Profit Forecast on Prediction Market Spending
US online sports betting platform DraftKings (DKNG.US) saw its stock crash over 20% following a significant downward revision of its financial forecast, driven by massive spending on prediction market expansion. The company announced post-market on Thursday (5th) that it expects to invest $650 milli
EthanBrooks·2m ago
