SectorWire
SearchRegister
MenuClose

DraftKings and Flutter CEOs avoid backing calls to ban prediction markets

Business

DraftKings chief executive Jason Robins and Flutter Entertainment chief executive Peter Jackson declined to support a ban on prediction markets at a gaming conference, according to reports. Robins said DraftKings was assessing the market, while Jackson said Flutter was watching how regulation develops after its FanDuel brand announced a partnership with CME Group.

Operators’ positions may shape how they assess entry into prediction markets amid regulatory uncertainty.

End-of-day close DraftKings (DKNG), USD, to 21 November 2025
Story date25 August 202521 November 2025

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

Flutter NYSE: FLUT

Quarter ended 30 September 2026

Revenue
USD 3.87bn
Operating income
−USD 1.19bn10-Q filing 0001635327-26-000059

Request a correction

Flag an issue

Keep reading

Regulation

Utah attorney general warns sports prediction markets breach state gambling ban

Utah Attorney General Derek Brown warned that offering sports wagers through prediction markets remains illegal. The report said Kalshi has appealed an August federal court ruling favouring Utah, arguing that federal oversight covers its markets. DraftKings, FanDuel and PrizePicks also remain available to Utah users, according to the report.

Utah Attorney General Derek Brown has warned that sports betting and prediction markets remain illegal in the state, even as DraftKings, FanDuel, PrizePicks and Kalshi continue to operate there. Brown told The Salt Lake Tribune that "sports betting marketed as a prediction market or anything else is still sports betting. And it is still illegal."

Continue reading