DraftKings reported second-quarter sales and earnings that fell short of analyst expectations. Prediction markets like Polymarket captured approximately 27% of legal U.S. sports betting volume during the 2026 World Cup. Polymarket exceeded $7 billion in volume on its international platform in May 2026. DraftKings launched DraftKings Predictions, which recorded $1.3 billion in trading volume in April 2026, following the acquisition of Railbird in 2025. The company is now betting on a super app combining traditional sports wagering with prediction market functionality to regain market share.
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