DraftKings chief executive Jason Robins says the company is positioned to keep growing whether US courts preserve sports event contracts or subject them to new restrictions. Speaking at the NEXTPredict conference in New York, he described the company's mix of a prediction exchange and established state-regulated sportsbooks as protection against either legal outcome.
DraftKings currently avoids offering sports event contracts in states where it operates a licensed online sportsbook. Robins said the boundary reflects the company's effort to maintain constructive relationships with state gaming regulators, according to CDC Gaming.
The exchange is gaining volume despite that narrower footprint. Covers cited Aldrin Research data placing DraftKings Exchange third by notional trading volume for the week ending October 18, with $1.04 billion and a 3.57% share. Those figures are third-party estimates rather than audited company results.
Robins also pointed to growth in non-sports contracts, including financial-market products. That segment could give the platform another route if sports contracts are curtailed, while a court decision favouring federally regulated event contracts would leave DraftKings with an established exchange. The legal dispute centres on whether sports-related contracts fall under federal commodities oversight or state gambling regulation, and no final nationwide resolution has been reached.
