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State of Play’s TL;DR
- DraftKings CEO Jason Robbins said on CNBC that prediction markets are not hurting sportsbooks.
- The interview was part of a story on the upcoming NFL season.
DraftKings CEO Jason Robbins said it is a “complete myth” that prediction markets are pulling betting volume away from sportsbooks, according to a CNBC interview aired Sept. 10.
The appearance came on CNBC’s “Closing Bell” and was tied in part to the first game of the NFL season, one of the most important stretches of the year for US sports betting operators.
Robbins pushes back on sportsbook competition claims
The segment covered whether prediction markets are taking business from gambling companies, with Robbins directly rejecting that idea.
DraftKings operates both a sportsbook and DraftKings Predictions.
The CNBC posting did not provide supporting figures, market-share data, or additional detail on how Robbins backed up the claim.
Based on reporting by CNBC.
