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DraftKings CEO Jason Robins said wagers on what executives say during earnings calls should not be on the market, spotlighting a wider clash between sportsbook operators and prediction platforms.
DraftKings posted lower second-quarter revenue even as betting handle hit a record, with customer-friendly outcomes and higher promotional spending weighing on sportsbook results.
Malik Beasley made his first appearance in Brooklyn federal court in the NBA betting corruption case, with attorney Jeffrey Lichtman now leading his defense as prosecutors prepare to start discovery.
An FGS Global survey found prediction markets remain unfamiliar to many sports fans, with only 13% of respondents saying they currently use one.
New York officials say prediction markets such as Kalshi are exposing residents to risk and bypassing the state’s gaming rules, setting up a legal fight with implications for the regulated sports betting market.
DraftKings posted lower second-quarter revenue despite higher betting volume and more monthly paying users, while keeping its full-year 2026 guidance unchanged.
