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hot_img DraftKings Q2 revenue was $1.443 billion, a year-on-year decrease of 5%, with market business growth forecasted to exceed expectations

DraftKings announced its Q2 2026 financial report, with revenue of $1.443 billion, a year-on-year decrease of 5%, mainly affected by customer-friendly sports outcomes and increased customer acquisition promotional spending; net loss of $67.61 million, compared to a net profit of $158 million in the same period last year; adjusted EBITDA was $115 million, down from $301 million in the same period last year. The sports consumer transaction volume reached $13.1 billion, a year-on-year increase of 15%, with monthly active paying users (MUP) of approximately 3.6 million, a year-on-year increase of 9%, and average revenue per monthly active paying user (ARPMUP) decreased by 13% to $132.CEO Jason Robins stated that the market business has exceeded expectations since its launch in December last year, with relevant customer metrics performing similarly to sports betting, showing strong user acquisition and retention, and the super app has been launched nationwide. The company maintains its guidance for full-year revenue of $6.5 to $6.9 billion and adjusted EBITDA of $700 to $900 million. DraftKings currently offers mobile sports betting services in 27 states and Washington D.C., and Puerto Rico, covering approximately 53% of the U.S. population, with iGaming available in 5 states. The Canadian market has covered Alberta and Ontario, accounting for about 51% of the Canadian population.

The new Ethereum EIP proposal targets the issue of staking inflation to prevent excessive growth in staking

The Ethereum community has submitted a new improvement proposal EIP "Tapered Issuance Burn," aimed at adjusting the ETH issuance mechanism to reduce the centralization and dilution risks brought about by excessively high staking ratios. The proposal points out that the ETH staking ratio exceeded one-third of the total supply in April 2026 and continues to grow.Under the current issuance curve, even if all ETH participates in staking, the staking yield will not be lower than approximately 1.5%, leading to a lack of a "closure mechanism" for staking incentives. This EIP proposes to destroy a portion of the theoretical rewards for validators in each epoch, with the destruction ratio increasing as the staking scale grows: when the staking rate reaches about 50%, the net staking yield will gradually drop to zero. The proposal believes that this mechanism can limit the continuous expansion of ETH supply, reduce the dilution pressure on holders, prevent excessive concentration of staking in custodial institutions and staking service providers, and maintain ETH's attributes as a neutral asset and a store of value.According to the design, under the tapered issuance mechanism, the ETH issuance will peak when the staking rate is around 20%, with an annual issuance rate of about 0.5%, and will drop to zero when the staking rate reaches 50%. Combined with the EIP-1559 and Blob fee destruction mechanisms, ETH supply may more frequently enter a deflationary state in the future. The authors of the proposal state that this plan is not aimed at individual stakers but rather corrects the long-term dilution issues brought about by the current issuance curve, allowing staking yields to ultimately be determined by market risk premiums rather than fixed algorithmic incentives.
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