Under the aggressive market predictions, DraftKings' profits fell short of expectations.

DraftKings Inc. reported that its revenue and profit for the second quarter fell short of analyst expectations, as the sports betting industry faces new challenges from predictive market players. Second-quarter revenue was $1.44 billion, below Wall Street's expectation of $1.51 billion. Adjusted EBITDA was $115 million, also missing the anticipated $154 million. The number of monthly active paying players increased by 9% year-on-year to 3.6 million, exceeding analysts' expectations of 3.2 million.