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Genius Sports CEO says prediction-market demand could benefit suppliers

Deals & M&A

Genius Sports chief executive Mark Locke said prediction-market activity could create opportunities for traditional betting suppliers even if regulation changes the sector. He said demand for sports wagering would persist, while the article reports that Kalshi’s retail demand was concentrated in states without online sportsbooks, citing July figures from Eilers & Krejcik.

The outlook bears on suppliers’ potential exposure to changes in prediction-market regulation and sports-betting demand.

End-of-day close Genius Sports (GENI), USD, to 30 October 2026
Story date3 August 202630 October 2026

Latest reported results

Genius Sports NYSE: GENI

Quarter ended 30 September 2026

Revenue
USD 269.9m

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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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