DraftKings CEO Jason Robins Sees Extraordinary Upside in Prediction Markets
Current overview (not historical)
DraftKings CEO Jason Robins stated that prediction markets have extraordinary upside, noting only about 3% of DraftKings sports betting customers also deposit on Kalshi, which he treats as a ceiling. DraftKings launched its prediction markets via the Predictions App in California, Texas, and Florida—three states closed to its sportsbook app—directly competing with Kalshi and Polymarket. Robins framed the competition as focused on acquiring new users rather than taking share from existing Kalshi depositors.
Written with AI from the reporting · updated 10/30/2026
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- 1Unclassified fact stationOct 30, 00:00recorded Oct 30, 11:39single source
DraftKings CEO sees extraordinary upside in prediction marke
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- Subject：
- draftkings
- Action：
- enter prediction markets
- Object：
- predictions tied to event outcomes
- Occurred (fact side)：
- Oct 30, 00:00
- Published (valid side)：
- Oct 30, 11:01
- First seen (known side)：
- Oct 30, 11:39
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- BeInCryptoRelated fact: single sourceDraftKings CEO sees 'extraordinary' upside as prediction market rivalry intensifies
Report first recorded Oct 30, 11:39
DraftKings prediction markets have expanded into California, Texas, and Florida, three states where its sportsbook app is unavailable, setting up direct competition with Kalshi and Polymarket. CEO Jason Robins estimates only about 3% of DraftKings sports betting customers in these states also use Kalshi, viewing this low overlap as a ceiling for existing users and an opportunity to attract new ones. Kalshi recently raised $1 billion at a $40 billion valuation, while DraftKings leverages its marketing data and pricing models to compete against the crypto-based Polymarket.
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