As DraftKings CEO Jason Robins touts significant inroads in the prediction markets business, analysts at Citizens laid out a potentially billion-dollar assessment and expectation of the company’s potential.
According to analysts Jordan Bender and Isabelle Slavin, the prediction markets opportunity for DraftKings could exceed $1 billion by 2030. This optimistic outlook is based on the early activity of the company in this sector and comparisons with the wider industry.
Global prediction market platform ADI Predictstreet and sportsbook technology provider FIRST.bet have partnered to expand regulated prediction markets across Latin America.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
