Why DraftKings is going broke. Q2 performance just dropped.
Record betting volume. Revenue down 5%. EBITDA collapsed 62%. The sportsbook business model only works when you lose. When bettors actually started winning during the World Cup, DraftKings couldn’t handle it.
Think about that. The more people bet smart, the worse their numbers get. They need you guessing. They need you slamming parlays with hidden juice on every leg.
This is why everyone’s switching to prediction markets like
OG.com. No house edge working against you. You’re trading against other people, not against a book that profits when you lose.
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