DraftKings Monitors Prediction Markets Amid Regulatory Shifts

CEO Jason Robins indicated that the company would benefit from being near the industry's first movers but did not believe it would need to enter immediately, as it may pose risks.

Ziv Chen

Last Updated: August 8, 2025 3:31 PM EDT • 3 minute read

DraftKings Monitors Prediction Markets Amid Regulatory Shifts — Pictured: The Nasdaq stock exchange is decorated for a belated welcoming for DraftKings. Photo by Richard B. Levine via SIPA USA.

DraftKings is actively assessing the potential of entering the prediction markets space.

The Commodity Futures Trading Commission (CFTC) prepares for the possible confirmation of Brian Quintenz, a Kalshi board member, as its new chair, a move that could position DraftKings as the first major of our best sports betting sites to offer event contracts.

CEO Jason Robins indicated that the company would benefit from being near the industry's first movers but did not believe it would need to enter immediately, as it may pose risks. Robins clarified that the company will wait to assess the regulation, with the CFTC and the legislature still debating the legality and regulation of the event contracts.

According to Robins, DraftKings is deliberating relationships with state authorities, tribes, and other parties before making participation decisions. The operator will also monitor the performance of different providers within the space and evaluate the results before determining a strategy.

DraftKings is also watching the broader impact Quintenz's potential appointment could have on market rules and oversight. Robins described it as "happening in very fast real time," emphasizing how quickly the prediction market changes came about.

While some of the other best sportsbooks have adopted a wait-and-see approach, DraftKings is maintaining active engagement with industry developments, aiming to be well-positioned should regulatory clarity emerge.

FanDuel, cryptocurrency exchange platform Coinbase, and other companies also look likely to venture into the prediction markets space.

DraftKings reports record Q2 2025 revenue and profit

DraftKings released its second-quarter 2025 financial results alongside its comments on prediction markets. The company posted record figures for revenue, net income, and adjusted EBITDA. For the quarter ending June 30, revenue reached $1.513 billion, a 37% increase from $1.104 billion in the same period in 2024.

The company attributed the growth to strong customer engagement, efficient acquisition, a higher sportsbook hold percentage, and favorable sports outcomes. Net income was $158 million, while adjusted EBITDA totaled $301 million.

Robins said the results reflect the strength of DraftKings' platform and confirmed that 2025 revenue is expected to reach the higher end of its guidance range of $6.2 billion to $6.4 billion.

Average monthly unique payers rose 6% year-over-year to 3.3 million, driven by retention, acquisition, and the Jackpocket acquisition. Average revenue per monthly unique payer increased 29% to $151, boosted by an improved sportsbook hold percentage and promotional optimization.

DraftKings reaffirmed its full-year 2025 revenue forecast of $6.2 billion to $6.4 billion, first issued on May 8. The company expects results to land near the upper end of that range, supported by favorable sportsbook results in the second quarter and continued momentum across its key performance drivers.

At the midpoint, the guidance represents a 32% year-over-year increase compared to last year's fiscal revenue.

Yet, despite positive results from its earnings report, DraftKings has been under legal scrutiny recently and is facing a lawsuit in Pennsylvania. The suit alleges that DraftKings and its affiliates violated state gambling laws by posting ads that fueled gambling addiction.

Written by:
Ziv Chen

Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.