DraftKings CEO rejects claims prediction markets reduce US sportsbook volume
By The Weekly Edge desk ·
Summary
DraftKings CEO Jason Robbins rejected claims that prediction markets divert sportsbook betting volume during a 10 September CNBC interview, PlayUSA reported. DraftKings operates a sportsbook and DraftKings Predictions. CNBC’s posting included no figures substantiating his assessment.
Why it matters
Investors assessing DraftKings’ competing products have its CEO’s rejection of sportsbook diversion claims, without substantiating figures in CNBC’s posting.