WIGC Panel: If Courts Or Congress Say Event Contracts Can Continue, It's Not Kalshi That Will Win [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
Photo by Jill R. Dorson TEMECULA, Calif. — The biggest question looming over the legal gambling industry is whether or not prediction markets — specifically sports event contracts — will eventually be deemed to be gambling or financial tools. If the ultimate decision is that the contracts will remain under federal regulation as financial tools, neither Kalshi nor Polymarket will be the biggest winners, a tribal lawyer said Thursday. “Let me be clear that if prediction markets become legal [as derivatives], no one is going to have heard of Kalshi in 10 years. It's going to be Caesars, DraftKings, FanDuel, and MGM operating without state regulation and that is why it is an existential threat to states and tribes,” tribal gaming attorney Scott Crowell (pictured second from right above) said at the Western Indian Gaming Conference at the Pechanga Casino Resort. Existing sports betting and gambling companies have more experience, brand loyalty, and reach vs. new companies like Kalsh
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DKNG
Earnings
- 2/12/26 - Beat
DKNG
Sec Filings
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- DKNG's page on the SEC website