Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against DraftKings Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Why Is DraftKings Inc. (DKNG) Under Investigation?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of shareholders of DraftKings Inc. (NASDAQ: DKNG).
On November 5, 2026, DraftKings Inc. reduced its full-year 2026 revenue guidance to a range of approximately $6.35 billion to $6.55 billion, down from its prior range of $6.5 billion to $6.9 billion. Management attributed the guidance reset primarily to increased investment in its Predictions business, with the Company forecasting a 2026 adjusted EBITDA investment of $650 million to $700 million. The investigation concerns whether DraftKings adequately disclosed the scale, timing, and expected financial impact of its Predictions spending before reducing its guidance.
On November 9, 2026, during intraday trading, DraftKings shares traded as low as $17.74 per share, approximately $0.77, or 4.16%, below the prior trading session’s closing price of $18.51 per share.
What Potential Securities Violations Is BG&G Investigating?
- Whether DraftKings Inc. and certain of its officers made false or misleading statements regarding the Company's financial condition and business prospects.
- Whether DraftKings Inc. failed to disclose material adverse information that would have been significant to a reasonable investor.
- Whether the Company's earnings guidance was supported by a reasonable factual basis at the time it was made.
What Should DraftKings Inc. (DKNG) Investors Do?
How Is DraftKings Inc. (NASDAQ: DKNG) Stock Trading Today?
Interactive chart showing the weekly share price history of NASDAQ:DKNG (NASDAQ:DKNG).
How Does BG&G Help Investors in Securities Fraud Investigations?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
We handle cases on a contingency fee basis — we advance all litigation costs on your behalf. There is no fee unless we are successful.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”