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The existence of a new competitor does not automatically mean sportsbook revenue will collapse. But valuations do not require proof of collapse to fall. A loss of confidence in future growth can be enough.
And now sportsbooks are joining the prediction market race themselves. DraftKings has moved into the market, while Flutter is also developing its presence. That could make prediction markets an additional source of revenue rather than a straightforward threat.
But it also requires investment at exactly the time shareholders are demanding better returns. Flutter’s recent results illustrate the tension. US adjusted EBITDA fell sharply in the first half of 2026, while the company continues to invest in FanDuel Predicts and other initiatives aimed at future growth.
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“The industry has a content problem,” he says. “There are thousands of games being released and too many of them are variations of something that already exists.
“Part of the reason is economics. When games take months and significant money to develop, people naturally become risk-averse. Building on something that already works becomes the safer option.”
For Curwen, tackling the problem therefore means changing the risk-reward equation behind game creation. If creators can develop and test ideas more quickly and at significantly lower cost, an unsuccessful experiment becomes less consequential – and taking a chance on something genuinely different becomes easier to justify.
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This is the marquee upgrade. In 2025, it was enough for physical monkeys to appear to fly off the screen and over your head. But more than 3.6 million people have already seen that stupid pet trick. The first-gen monkeys were 16-foot helium inflatables steered by drone operators. Their only motion, besides drifting forward, was wing-flapping. They floated more than they performed.
The new monkeys are animatronic. As shown in the video, they’re capable of moving their faces and bodies in menacing ways as they pass overhead during the witch’s attack. They also seem to be hanging from an overhead line, though the Sphere has not officially described the new flight system.
Smell is the quietest upgrade but may be the most powerful. (Scent anchors memories more strongly than any other sense.) The new Oz adds more scents timed to scene changes. Expect the room to smell different when Kansas gives way to Oz, when the orchard turns hostile, and when the poppy field knocks everyone out.