DraftKings stock shares are down nearly DraftKings stock and the company is responding by betting on a super app - Tekedia

DraftKings shares fell as prediction markets sparked investor concern and intensified competition in online betting.

In response, DraftKings is launching a prediction-markets segment and planning a $200 million to $300 million investment.

The company also aims to build a super app that combines sportsbook, iGaming, lottery, and prediction markets.

DraftKings said early volumes are growing quickly, with Q1 revenue of $1.65 billion, higher adjusted EBITDA, and 2026 guidance reaffirmed.