DraftKings Prediction Platform Volume Climbs 34%, Shares Rally Over 9%
DKNG•DraftKings’ predictions platform saw annualized consumer volume rise 24% month-on-month to $1.3 billion in May, while total volume traded surged 34% to $3.1 billion, fueling a one-day share jump of over 9%. CEO Jason Robins will participate in an upcoming investor event, potentially outlining strategic growth plans.
1. Surge in Prediction Platform Trading
DraftKings reported its predictions platform achieved annualized consumer volume of $1.3 billion in May, up 24% from April, and annualized total volume of $3.1 billion, a 34% month-on-month increase. This performance underscores accelerating adoption of its market model ahead of the 2026 FIFA World Cup.
2. Stock Reaction and Analyst View
Shares rallied more than 9%, marking the largest one-day percentage gain since early 2023. TD Cowen cited the company’s strong core sports-betting business as funding its predictions push and maintained a Buy rating with a $30 price target, implying over 20% upside.
3. CEO Participation in Investor Event
CEO Jason Robins is slated to speak at an upcoming investor event, where he is expected to detail the company’s strategic roadmap for its prediction markets and ongoing growth initiatives across sports betting and gaming.
