Get the latest tech news

DraftKings turns profitable as prediction markets become key growth strategy


DraftKings reported a first-quarter profit as revenue climbed 17%, with executives highlighting prediction markets as a major future growth opportunity alongside sports betting and online gaming.

None

Get the Android app

Or read this on ReadWrite

Read more on:

Photo of draftkings

draftkings

Photo of Prediction markets

Prediction markets

Photo of key growth strategy

key growth strategy

Related news:

News photo

Can the U.S. Rein in Prediction Markets? + Joanna Stern on Her Year of A.I. Experiments + Our Producer Goes to Attention School

News photo

Why Almost Everyone Loses–Except a Few Sharks–On Prediction Markets

News photo

U.S. Senators Vote to Ban Themselves from Trading on Prediction Markets