DraftKings CEO says sportsbooks retain an edge over prediction markets
DraftKings chief executive Jason Robins said at a gaming conference last week that prediction markets could gain ground where sports betting is illegal but would struggle to compete with sportsbooks where both operate. He cited exchanges’ limited ability to manage risk and offer a broad range of wagers; DraftKings is reviewing options but has not announced plans to enter the market.
Robins’ comments indicate DraftKings is assessing prediction markets while maintaining its focus on sportsbook operations.