1439 ET - DraftKings is likely to start offering prediction markets by either partnering with an existing event-contracts company or acquiring its own permits to operate event contracts, Fitch Ratings says. The cost to acquire those permits would be roughly the same or less than a state gaming license, though potentially more expensive than a partnership, Fitch says. A proprietary license would give DraftKings more control over its product and profits. Rival Flutter chose to partner with an existing company. DraftKings CEO Jason Robins has said he is waiting to see how prediction markets evolve, as they have caused controversy among tribes and state regulators, and he doesn't want to alienate key stakeholders. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

September 02, 2025 14:39 ET (18:39 GMT)

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