DraftKings stock is collapsing: Why shares of the sports-betting app are in retreat today

Sports-betting app DraftKings is not on track to have as good of a year as it once expected, with the company trimming its 2026 financial outlook amid the rise of prediction markets. During its third-quarter earnings report on Thursday, the company said it expects its full-year revenue to reach $6.35 billion to $6.55 billion, falling short of expectations. DraftKings’s previous guidance expected revenue figures of $6.5 to $6.9 billion. A day following the earnings, DraftKings Inc. (N...