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Luci Kelemen

DraftKings and Flutter Shift Into Market-Making as Q1 2026 Results Detail Strategy

DraftKings and Flutter Entertainment are moving from consumer prediction-market products into market-making, with Q1 2026 earnings updates outlining the shift. DraftKings reported $1.6 billion in Q1 2026 revenue on May 7 and said its Railbird exchange is central to an effort to be a leading market maker before year-end. Flutter posted $4.304 billion in Q1 2026 revenue on May 6 and said it started providing market-making services on a major third-party platform in April while building its own offering.
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