DraftKings (DKNG) Securities Investigation Notice - Levi & Korsinsky

DraftKings shares fell nearly 25% after the Company disclosed that its planned annual investment in its Predictions business would double before year's end. Levi & Korsinsky is investigating on behalf of shareholders who suffered losses.

NEW YORK, Nov. 13, 2026 /PRNewswire/ -- DraftKings Inc. (NASDAQ: DKNG) shares faltered on November 6, 2026, after the Company disclosed $650 million to $700 million of investment in its Predictions business and lowered its full-year 2026 revenue outlook. If you held DKNG when that news hit, you may have legal rights. DraftKings investors who suffered losses are encouraged to submit your loss information now . You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

DraftKings attributed the lowered outlook primarily to that increased investment in Predictions, its prediction markets offering. The same day, the Company's Form 10-Q for the quarter ended September 30, 2026 reported an operating loss of $493 million and a net loss of $469 million.

Levi & Korsinsky is investigating potential securities law violations concerning the scale of DraftKings' Predictions investment.

Shareholders who lost money on DraftKings stock can find out if they may qualify to recover losses or call (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured billions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.

Frequently Asked Questions About the DKNG Investigation

Q: Who is conducting the DKNG investigation? A: Levi & Korsinsky, LLP is investigating potential securities law violations on behalf of investors who purchased DKNG securities. The firm is nationally recognized and has been ranked in the ISS Top 50 for seven consecutive years.

Q: Who is eligible to participate in the DKNG investigation? A: Investors who purchased DKNG stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: How much did DKNG stock drop? A: Shares opened down roughly $6.18 per share, a decline of about 26.28% to open at around $17.34 per share on November 6, 2026. The decline followed the Company's disclosure of third-quarter results, including a $469 million net loss, and a reduced fiscal 2026 revenue outlook. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.

Q: What do DKNG investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my DKNG shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought DKNG and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE Levi & Korsinsky, LLP