During Wednesday’s panel discussion “Trading on the Future: Prediction Markets are Here to Stay” at SBC Summit Americas in Fort Lauderdale, Florida, panelists vociferously debated the future of prediction markets, sometimes with great passion.
“Unfortunately, this is a very nuanced topic,” said Alex Kane, the CEO and Founder of Sporttrade. “And I think to call what DraftKings currently offers and what Kalshi or Crypto.com offers, or what Sporttrade offers as both sports betting, it’s intellectually inadequate.”
“I think you can tell who the lawyers are up here,” Kane added, referring to Jones Day Counsel David Aron and Wallach Legal Founder David Wallach. “They’ve got so many notes. Melissa (Blau, CEO of iGaming Capital) and I have nothing. I think so many people follow what Dan is saying, and they think this is some existential threat to what we currently think sport betting is.”
