Major sports betting platform DraftKings is looking to scale its dedicated event betting platform DraftKings Predictions over the next year, according to its latest quarterly report.
“We closed 2025 on a high note. Fourth quarter revenue increased 43% year-over-year and we achieved records for revenue and Adjusted EBITDA,” DraftKings CEO Jason Robins said in Thursday’s release. “We also see a massive, incremental opportunity in DraftKings Predictions. We plan to deploy growth capital to build the best customer experience in Predictions, and acquire millions of customers. We have the playbook to execute and win.”
The company launched a standalone predictions app under the oversight of the U.S. Commodity Futures Trading Commission in December, enabling users to wager on real-world event outcomes, with an emphasis on sports-related bets.
According to the fourth-quarter report, DraftKings saw growth in both its core sportsbook platform and predictions market, which are poised for growth this year, as both sports betting and predictions are expected to continue expanding in the United States.
Prediction markets have taken the world by storm following their surprise adoption during the 2024 U.S. elections. Since then, leading firms Kalshi and Polymarket have continued to scale, as new entrants like Coinbase, Genesis, and Crypto.com join the fray.
DraftKings introduced a new revenue guidance range of $6.5 billion to $6.9 billion for its 2026 fiscal year, in part reflecting “expected investment in DraftKings Predictions, line-of-sight jurisdictions launches, and disciplined planning as business conditions evolve.” This softer guidance led to a 15% after-hours selloff in the company’s share price.
Through a partnership with Crypto.com, DraftKings Predictions launched in 38 states, including California, Florida, Georgia, and Texas, where traditional sports betting isn’t legal. Its core product is reportedly available in 26 states and Washington, D.C. Earlier Thursday, SEC Chairman Paul Atkins called prediction markets a “huge issue” that regulators are focused on.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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