DraftKings eyeing prediction betting opportunities ahead of next election

Sunday, November 10, 2024 2:30 PM
  • Geoff Zochodne, Covers

Online sports betting companies may not let another cycle of presidential election campaigning and wagering pass them by without taking some of that action themselves.

The massive amount of wagering on this year’s election was indeed hard to miss — and DraftKings Inc. now plans on taking a long look to see if there are opportunities for itself in the prediction market business.

That is at least what DraftKings CEO Jason Robins said during the Boston-based company’s Friday morning conference call for analysts and investors.

One analyst asked Robins for his thoughts on “non-sports betting prediction markets” and whether there is an opportunity there for DraftKings.