The latest quarterly earnings reports from FanDuel parent Flutter Entertainment, DraftKings, and others shone a spotlight on the burgeoning prediction markets industry.
A growing number of companies are introducing their own prediction market platforms or launching partnerships within the space.
DraftKings' platform grows 'faster than expected'
DraftKings' CEO Jason Robins said the company's prediction market platform is growing at a booming pace, having launched in December 2025.
"We had over 600,000 customers so far engaged with our predictions offering, and that's just going to explode this NFL season," Robins said.
Annualized total volume for DraftKings' predictions platform grew to $11 billion from $2.3 billion.
FanDuel Predicts moves on from CME
Flutter announced that it would move its FanDuel Predicts sports and novelty contracts from CME to Crypto.com.
Flutter posted second quarter adjusted earnings of 49 cents per share on revenue of $4.33 billion.
Coinbase signals prediction market growth
Coinbase said its prediction markets revenue grew 106%.
Robinhood's Rothera rollout
Robinhood launched Rothera in June, an exchange that's licensed with the CFTC.
Event contracts revenue came in at $156 million in the second quarter.
