Tech · Bitcoin.com News
Draftkings, Flutter Grab Market-Maker Role, Undercut Peer-to-Peer Prediction Claim
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
◌ Single Source
Draftkings and Flutter Entertainment have both moved into market-making on prediction-market platforms, escalating from consumer-facing products into the financial infrastructure of an industry that built its identity on peer-to-peer trading.
Key facts
- Draftkings reported Q1 2026 revenue of $1.6 billion on May 7, up 17 percent year-over-year, with an adjusted EBITDA of $167.85 million
- Flutter Entertainment, Fanduel’s parent, reported Q1 2026 revenue of $4.304 billion on May 6
- The same day as the earnings release, Flutter disclosed that Amy Howe had left her role as Fanduel CEO, with a separation agreement finalized May 5 and a severance package totaling $4.4 million
- The May 20 Senate Commerce Subcommittee hearing on sports integrity will be the next major regulatory checkpoint
Summary
Draftkings CEO Jason Robins eyes “top two or three” global market-maker spot via the Railbird exchange. Flutter began market-making for a major third-party prediction platform in April; own platform launches soon. Flutter cut FY 2026 guidance to $18.305B revenue; Draftkings maintained its $6.5–6.9B FY range. Draftkings reported Q1 2026 revenue of $1.6 billion on May 7, up 17 percent year-over-year, with an adjusted EBITDA of $167.85 million.