Draftkings and Flutter Entertainment have expanded into market-making on prediction-market platforms, marking a strategic shift from consumer-facing products to financial infrastructure. This move, highlighted in their Q1 2026 earnings reports, signifies a deeper integration into the prediction markets, traditionally known for peer-to-peer trading. Draftkings reported a Q1 2026 revenue of $1.6 billion, a 17% increase year-over-year, with CEO Jason Robins aiming for a top global market-maker position via the Railbird exchange. Meanwhile, Flutter Entertainment, parent of Fanduel, reported $4.304 billion in Q1 revenue and has begun market-making on a third-party platform, with plans to launch its own soon. This strategic pivot by both companies underscores a significant evolution in the sportsbook industry, aligning it more closely with crypto-derivatives market-making practices.