DraftKings Inc. Cl A Stock Rises Tuesday, Outperforms Market
MarketWatch Automated·DraftKings, Flutter, Coinbase, Robinhood intensify push into prediction markets, Tekedia Capital says
PUBT·- Major platforms like DraftKings, Flutter, Coinbase, and Robinhood are rapidly expanding into prediction markets amid growing regulatory risks. - DraftKings reported 600,000 users with annualized volume climbing to 11 billion USD, while Robinhood's Rothera logged over 3.5 billion contracts and 156 million USD in Q2 event-contract revenue. - Flutter partnered with Crypto.com for FanDuel Predicts contracts, anticipating 50 million USD in market-making revenue this year.Prediction markets take center stage in latest round of quarterly earnings reports
CNBC·- The latest quarterly earnings reports from companies like DraftKings, Flutter Entertainment, and Coinbase highlight the rapid growth and increasing competition within the prediction markets industry. - DraftKings reported over 600,000 customers and an annualized total volume increase to $11 billion, while Flutter announced a partnership shift for FanDuel Predicts and Coinbase posted $100 million in quarterly annualized revenue. - Robinhood also disclosed that its newly launched Rothera exchange traded over 3.5 billion contracts, generating $156 million in event contracts revenue during the second quarter.