EXCLUSIVE: DraftKings Is Validating Kalshi's Market While Trying to Take It, Says Investor With Stakes in Both
Investor Joel Shulman says DraftKings is validating Kalshi’s prediction market while trying to compete with it after a revenue miss and earnings call focus on event contracts.
DraftKings missed its revenue goal but is now paying attention to prediction markets—like the kind Kalshi runs—which shows these markets are becoming more important. When a big company starts copying a smaller competitor's idea, it usually means that idea is working and worth watching.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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