DraftKings launches prediction markets, taking on Polymarket and Kalshi
- —Predictions app operates in 38 states under CFTC oversight
- —Overlap between DraftKings and Kalshi users is about 3%
- —Kalshi raised $1 billion at a $40 billion valuation
- —Ninth Circuit ruled Kalshi sports contracts fall under Nevada gambling law
Why it matters: A national bookmaker entering prediction markets could reshape the balance between regulated and crypto-native platforms.
Source: BeInCrypto IT