DraftKings reports $1.51bn second-quarter revenue and explores prediction markets

DraftKings reported revenue of $1.51 billion for the three months ended 30 June, up 37% year on year, and said it was exploring opportunities in federally regulated prediction markets. The company reported net income of $158 million, but also a net loss of $293.7 million for the quarter, and maintained its 2025 revenue guidance of $6.2 billion to $6.4 billion. DraftKings was reportedly in talks with Railbird about entering the sector.