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EKG says prediction markets may not advance Texas sports betting legalisation

Regulation

Eilers & Krejcik Gaming said prediction markets operating in Texas may not persuade lawmakers to approve sports betting, according to its report. The analysts said lawmakers could instead regulate sports prediction markets directly or wait for a potential US Supreme Court ruling before acting; Texas policymakers are expected to consider sports betting legislation in 2027.

The assessment bears on operators’ expectations for Texas market access and the legislative path to sports betting.

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Regulation

DraftKings will not offer prediction markets in sports-betting states, CEO says

DraftKings chief executive Jason Robins said the company will not offer prediction markets in states where it holds sports-betting licences. Robins told the Next Predict Summit in New York that the approach protects its gaming licences and leaves it well placed whatever courts decide on sports event contracts.

DraftKings will not offer prediction markets in states where it holds sports-betting licences, chief executive Jason Robins said at the Next Predict Summit in New York. Robins said the approach protects the company's gaming licences and leaves it positioned for either outcome in litigation over sports event contracts.

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