DraftKings CEO: Prediction markets help expand new customer bases, and in the coming months, will enter more US states through sports event predictions
Foresight News reported that DraftKings CEO Jason Robins stated during the earnings call that prediction markets may not completely transform the sports betting industry, but he believes this new way of betting on event outcomes will help the company acquire new customers. He expressed great excitement about the upcoming DraftKings prediction service and its potential to expand the addressable market. "In the coming months, we expect the DraftKings prediction service to enter many new U.S. states through sports event contracts, thereby opening up new customer segments and revenue streams."
Foresight News previously reported that DraftKings acquired Railbird, a prediction market exchange licensed by the U.S. CFTC, in October this year.
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