DraftKings CEO Jason Robins warns against betting on earnings‑call predictions

DraftKings chief executive Jason Robins cautioned investors and bettors against using prediction‑market contracts to wager on the specific language used during corporate earnings calls. During the company’s Q2 2026 earnings presentation, the platform Kalshi offered live contracts on whether Robins would mention particular terms, prompting the CEO to argue that such wagers create perverse incentives and could compromise transparent communication.

Robins also clarified DraftKings’ view of prediction markets as a “peer‑to‑Wall Street” product aimed at professional quant funds rather than a casual peer‑to‑peer platform. He noted the company’s $200‑$300 million investment in its predictions business for 2026 and stressed the need for clear disclosures to avoid misleading retail customers, contrasting DraftKings’ approach with rivals Kalshi and Polymarket.