At a Tuesday industry event, Jason Robins used harsh language to dismiss a Fortune report on a $30 million marketing deal with a departing cofounder as a “total hit piece.” He also described something as an unusual economic mechanic: a share price that falls when prediction markets win and rises when courts rule against them. […]
Bitcoin.com News•Luci Kelemen17h ago
A Citizens JMP note published Monday found Kalshi priced NFL Week 1 cheaper than Draftkings and Fanduel. Its figures show the edge comes entirely from over/under markets: on game outcomes, Fanduel is cheaper. The comparison also sits before Kalshi’s transaction fee, which the same note puts at 1.6% to 1.8% per 100 contracts. An Edge […]
Bitcoin.com News•Luci Kelemen16 Sept
Solana's rise as a dominant platform for tokenized equities challenges traditional finance and other blockchains, reshaping investment landscapes.
CryptoBriefing•Editorial Team11 Sept
LeBron James backs Polymarket after his DraftKings deal expired, giving prediction markets their biggest sports name yet as legal fights intensify.
BeInCrypto•Phil Haunhorst6 Sept
The NFL signed new multi-year sports betting deals with Draftkings, Fanduel, and Fanatics on Thursday, ending a five-month gap without an official sportsbook partner. All three agreed to bar wagers on injuries and officiating, which the CFTC has proposed restricting on prediction markets. The league has no deals with any such entity, and has confirmed […]
Bitcoin.com News•Luci Kelemen29 Aug
Nebraska’s Secretary of State certified two online sports wagering petitions on Aug. 21, sending both to the Nov. 3 general election. One would authorize online wagering in the state constitution; the other would write the tax and licensing framework into statute. Fanduel and Draftkings each put roughly $3.5 million into the campaign, and a casino […]
Bitcoin.com News•Luci Kelemen26 Aug
The Commodity Futures Trading Commission’s Innovation Advisory Committee holds its first meeting Thursday, with prediction markets on the agenda. Seven of its 35 members run companies at the center of the event-contract fight the agency is waging against nine state governments. Seven Seats for the Event-Contract Industry The CFTC’s Innovation Advisory Committee convenes for the […]
Bitcoin.com News•Luci Kelemen20 Aug
DraftKings' successful loan upsizing reflects strong investor confidence, enabling strategic growth without shareholder dilution amid competitive pressures.
CryptoBriefing•Editorial Team17 Aug
The rise of prediction markets on earnings calls could undermine corporate transparency and create ethical dilemmas for executives.
CryptoBriefing•Editorial Team7 Aug
DraftKings' investment in prediction markets highlights the tension between innovation and ethical considerations in corporate transparency.
CryptoBriefing•Editorial Team7 Aug
The rise of prediction markets challenges traditional sportsbooks, prompting regulatory shifts and innovation in betting platforms.
CryptoBriefing•Editorial Team6 Aug
Decrypt reported that Fanatics is buying an exchange and clearinghouse from BGC, following DraftKings and FanDuel in owning the rails for its own prediction market.
A bipartisan Pennsylvania bill would impose insider-trading rules and consumer protections on prediction markets while blocking gambling companies from supplying their liquidity. The restriction could disrupt market-making strategies pursued by Draftkings, Flutter and other sportsbook groups expanding into federally regulated event contracts. A liquidity restriction aimed at gambling companies A bipartisan group of Pennsylvania lawmakers […]
Bitcoin.com News•Luci Kelemen27 Jul
The deal for BGC's Water Street Labs and CX Clearinghouse lets Fanatics list and settle its own event contracts, echoing DraftKings and FanDuel as sports-betting giants scramble for a foothold in the sector.
Burry's bet highlights potential regulatory shifts favoring traditional sportsbooks, impacting the future of crypto-based prediction markets.
CryptoBriefing•Editorial Team10 Jul
Draftkings has taken more of its prediction-markets stack in-house, launching DKeX and shifting trading away from third-party infrastructure such as CME Group and Crypto.com, though the company has not publicly framed the move as a formal termination of those relationships. From renting rails to owning the exchange Draftkings launched DKeX on June 26, a proprietary […]
Bitcoin.com News•Luci Kelemen1 Jul
DraftKings has launched DKeX, a proprietary prediction markets exchange, reporting $3.4 billion in annualized consumer volume as it enters a field increasingly crowded by Kalshi, Polymarket, Meta Arena, and Robinhood.
The Defiant•The Defiant Team29 Jun
DraftKings' DKeX launch may trigger industry consolidation, reshaping prediction markets by integrating sports betting, finance, and entertainment.
CryptoBriefing•Editorial Team29 Jun
Bernstein said DraftKings' DKeX launch keeps prediction-market revenue in-house as consolidation reshapes trading and betting platforms.
The Block•Brian Danga29 Jun
The company said its prediction markets vertical has generated approximately $3.4 billion in annualized consumer volume.
The Block•RT Watson26 Jun