DraftKings CEO More Confident About Prediction Markets Regulations -- Market Talk

Dow Jones

Feb 13

1038 ET - DraftKings is feeling more confident about prediction markets because the regulatory landscape is improving, Chief Executive Jason Robins says. The CFTC, which regulates prediction markets, has shifted from being hands-off to fully affirming that prediction markets are within its jurisdiction and should be defended in court as legal, Robins says. "Anything that creates a stable regulatory environment, that allows us to operate more freely, is a great upside thing for us," Robins says. DraftKings was staying on the sidelines through last summer, citing legal concerns, but launched a prediction markets product in December and plans to ramp up investments through 2026. Shares fall 12%. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 13, 2026 10:39 ET (15:39 GMT)

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The CFTC, which regulates prediction markets, has shifted from being hands-off to fully affirming that prediction markets are within its jurisdiction and should be defended in court as legal, Robins says. \"Anything that creates a stable regulatory environment, that allows us to operate more freely, is a great upside thing for us,\" Robins says. DraftKings was staying on the sidelines through last summer, citing legal concerns, but launched a prediction markets product in December and plans to ramp up investments through 2026. Shares fall 12%. 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