DraftKings CEO sees prediction-market potential in states without legal sports betting

Business10 Sep 2025

DraftKings CEO Jason Robins said sports event contracts could offer significant potential in US states without legal online sports betting, speaking at the 2025 BofA Gaming and Lodging Conference. He said the company was assessing opportunities and was not rushing to enter the market; DraftKings has not included a prediction-market launch in its 2025 financial guidance.

Robins’ comments indicate DraftKings is evaluating a route into markets where online sports betting is not legal.

End-of-day close DraftKings (DKNG), USD, to 24 October 2025

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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 CEO sees prediction-market potential in states without legal sports betting

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