Prediction markets take center stage in latest round of quarterly earnings reports

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.