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DraftKings is considering getting into event contracts betting.
Will DraftKings Get Into Prediction Market Sector?
“I do think that being an early mover in a space like this can be important,” said DraftKings CEO Jason Robins in the company’s Q2 earnings call. “I also think that being a literal first mover may not be as important, and there are downsides to that as well.”
Robbins made the comments immediately following DraftKings reporting its third quarter earnings.
“We’re evaluating, obviously we have a lot of stakeholders, state regulators, relationships with tribes, others that we want to make sure we consider as we think about what our different options are,” continued Robins.
DraftKings will be closely following prediction markets and whether Brian Quintenz is confirmed as the new Commodity Futures Trading Commission (CFTC) chairperson. Quintenz serves on the board of Kalshi, currently the only legal prediction market in the U.S.
“We need to see what will come from watching how things unfold with others that are currently offering prediction markets, and I think we’ll kind of have to see how that goes and evaluate it,” said Robins. “It’s all happening in very fast real time.”
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Flutter Net Income Down 88% But Revenue Up 16% to $4.19bn
FanDuel posted net income of just $37m, compared to $297m the prior-year quarter 2025.
Revenue was $4.19bn for Q2, up 16% year-on-year, although net income was down 88% to $37m.
Adjusted EBITDA did, however, see 25% growth to $919m, with a margin of 21.9%. Conversely again, though, earnings per share were down 59% to $0.59.
Peter Jackson, Flutter CEO, said: "I am pleased with the excellent underlying performance we have delivered in the second quarter alongside the good progress made on a number of key strategic initiatives. Revenue grew by 16% year-on-year, as we continue to build scale positions in the most attractive markets through strong organic growth and value creating M&A.
"Since Q1, Flutter gained additional US index inclusion and accelerated ownership of FanDuel to 100%. We also became the largest operator in Italy with the addition of Snai; established a scale position in Brazil through NSX; and successfully executed two transformative customer migrations. Such varied achievements in one quarter are a great reflection of our teams' focus and ability to execute effectively, leaving us well positioned for the second half of the year."
Maryland Gambling Numbers Released
Maryland’s six casinos combined to generate $165,661,894 in revenue from slot machines and table games during July 2025. The statewide total was down $4,159,416 (-2.5%) compared to July 2024.
Casino gaming contributions to the state during July 2025 totaled $71,857,827, a decrease of $305,727 (-0.4%) compared to July 2024. The July 2025 contributions included $51,742,064 to the Education Trust Fund, a decrease of $272,892 (-0.5%) compared to July 2024.
- Chris Costigan, Gambling911.com Publisher
