DraftKings chief executive Jason Robins said regulatory uncertainty around prediction markets had cleared and described event contracts as a potential $10bn revenue opportunity. He called the company’s failure to meet its 2025 EBITDA guidance unacceptable and self-inflicted.
Robins’ remarks indicate DraftKings sees prediction markets as a significant potential revenue stream despite missing its 2025 EBITDA guidance.
Quarter ended 30 September 2026
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Citizens Equity Research analyst Jordan Bender said prediction-market growth could benefit sports-betting data providers. He said Genius Sports could earn revenue beyond its 2028 targets if the NFL allows prediction-market companies to use league intellectual property; the company’s projections currently assume little or no revenue from the sector.
Jefferies analyst David Katz said the US Supreme Court could hear prediction market disputes as soon as 2027, with the cases’ timing and selection uncertain. His report outlines four scenarios involving Kalshi and state challenges, and rates possible outcomes against the company from medium to very high probability.
TD Cowen analysts said states may continue to prevail in legal disputes over prediction markets, despite CFTC involvement. Their assessment preceded a Tennessee judge’s decision granting Kalshi a preliminary injunction; the report also said Crypto.com’s Nevada case could reach the US Supreme Court, with a decision potentially coming in early 2028.
SEC Chair Paul Atkins said at a Senate Banking Committee hearing that prediction markets may involve overlapping SEC and CFTC jurisdiction. He said sports event contracts were unlikely to fall under SEC oversight, while products linked to company events and securities could involve the agency.
DraftKings chief executive Jason Robins discussed early football-season data on the operator’s sports betting and prediction-markets activity. He said future success did not depend on sports contracts surviving a Supreme Court challenge, according to the report.