DraftKings misses Q2 targets as prediction markets eat into sportsbook revenue

DraftKings misses Q2 targets as prediction markets eat into sportsbook revenue

DraftKings missed Q2 as prediction markets captured 27% of U.S. sports betting; Polymarket volumes show crypto platforms operate at scale without state licensing overhead. Blockchain settlement infrastructure has become production-grade; regulatory oversight will tighten but won't reverse the structural cost advantage of decentralized financial execution.