DraftKings Is Expanding Beyond Traditional Sports Betting. Does Its Foray into Prediction Markets Make the Stock a Buy in 2026?

DraftKings (DKNG +0.13%) is making a good business decision by expanding into prediction markets. That, however, doesn't make this stock a buy in 2026. At least not if you have a long-term buy-and-hold mentality. Here's why buying this sports betting company just because of its move into prediction markets could be a mistake. Today's Change What does DraftKings do? DraftKings is one of the big players in sports betting. That's a relatively new investment opportunity, though the term investment needs to be t ...