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DraftKings executive says sports contracts feel like sportsbook bets

Regulation

DraftKings president of operations Paul Liberman said at a Milken Institute panel that sports event contracts and sportsbook bets feel the same to end users. Executives from Robinhood and Kalshi also discussed the distinction, as prediction-market operators argue their products are federally regulated derivatives and sportsbook competitors contend they amount to unlicensed sports betting.

The competing views reflect the regulatory dispute over whether sports event contracts fall under federal or state betting rules.

End-of-day close DraftKings (DKNG), USD, to 18 June 2026
Story date23 March 202618 June 2026

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

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