Top Trending Gambling News; Sportsbook Execs Talk Prediction Markets

Sweepstakes casinos and the resurgence of Daily Fantasy Sports sites disguised as "contests" have been all the rage over the past two plus years.  All are gambling, no matter what these sites want you to believe. 

2025 has an even more formidable entry into the market making waves.  That would be the online prediction markets, led by Kalshi and Polymarket, the latter of which does not accept U.S. customers at the moment. 

To drive home this point, most of the big players in the U.S. regulated sports betting space hinted at offering their own prediction market platforms.  None seem fully committed however. 

FrontOfficeSports published a series of quotes from these sportsbook executives. 

DraftKings CEO Jason Robins briefly mentioned prediction markets in opening remarks on the company’s earnings call, and was roundly criticized by many in the sector. 

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“We continue to monitor events surrounding federally regulated prediction markets and are actively exploring ways to enhance shareholder value through this opportunity.

“As always, we value our relationships with both industry stakeholders and policymakers and we’ll work collaboratively as we evaluate next steps,” he added.

He was pushed on the topic during the call’s Q&A portion with analysts, and explained the company is “taking a measured approach.”

Robins declined to comment on any specific talks the company has been having, and said for the moment “we’re more in monitor mode in terms of active discussions like that.” 

FanDuel Not Bullish on Prediction Markets 

CEO Peter Jackson earlier this year said the company was interested in the “potential opportunity” but he wasn’t “that confident” the sports prediction space would have a “significant impact” in states where sports betting is legal, though he did note that this is "clearly a fast moving space" that requires monitoring. 

“We have two decades’ experience of operating the world’s largest betting exchange, the Betfair Exchange, which shares similar characteristics with event contracts, and this will help inform our views,” he said. “We are closely monitoring regulatory developments, and are assessing the opportunities and potential participation strategies this may present for FanDuel.”

Penn's ESPN Bet Needs to Get Its House in Order First 

The 2nd quarter of the year was considered "another solid quarter" but the sports betting company tied to the largest sports brand is hardly performing up to snuff. 

“Not a lot new to say on predictive,” said CEO Jay Snowden. “We’re monitoring. There’s a lot going on there, as you know, in terms of how state gaming regulators feel about predictive markets versus what the predictive market space is doing and expanding.”

Snowden added that if prediction markets “end up getting sort of embraced and legalized and regulated,” then the company could take some action. “We want to see how this plays out,” he said. “There’s a lot going on right now in the courts, as well as with the regulators across the country.”

BetMGM's Take

CEO Adam Greenblatt claims his company has the ability to offer a prediction market platform but that the desire is just not there.

"We are monitoring this very, very closely” and noting the company is attuned to those who oppose the growth of prediction markets’ sports offerings, including a number of state regulators, dozens of attorneys general, and Native American tribes. 

“They would argue that that is sports betting,” he said.

Yet, he maintained that BetMGM “won’t be caught flat-footed,” and said the company “has the ability” but not “the desire to be a first mover.”

- Chris Costigan, Gambling911.com Publisher