DraftKings CEO Sees ‘Extraordinary’ Upside as Firm Rivals Kalshi and Polymarket

DraftKings’ Predictions app, launched in 38 states, challenges Kalshi and crypto-based Polymarket and opens California, Texas and Florida to the sportsbook; CEO Jason Robins sees “extraordinary” upside. Just 3% of its sports bettors in operating states also deposit on Kalshi, Robins said, according to BeInCrypto; he cited DraftKings’ marketing and pricing edge and Kalshi’s less-than-a-year head start. Kalshi raised $1 billion at a $40 billion valuation Thursday. The Ninth Circuit applied Nevada gambling law to Kalshi contracts; Utah charged Kalshi and its co-founders, prompting a CFTC lawsuit. Polymarket froze international trading after wallet reports and promised reimbursements.