Overview

• Executives at DraftKings, FanDuel, Penn Entertainment and BetMGM told investors in their Q2 earnings calls that they are monitoring federally regulated prediction markets but have no immediate launch plans.
• DraftKings CEO Jason Robins said the company is taking a measured approach and weighing relationships with state regulators and tribal partners before moving forward.
• FanDuel’s Peter Jackson noted that two decades of betting‐exchange experience will inform the company’s assessment of event contracts once regulatory signals become clear.
• BetMGM’s Adam Greenblatt and Penn Entertainment’s Jay Snowden both rejected first‐mover status, citing legal hurdles and opposition from regulators and tribes.
• With Kalshi ordered by a Maryland judge to comply with state gambling laws and CFTC chair confirmation pending, operators are exploring mergers and acquisitions with platforms like Kalshi and Railbird Exchange ahead of football season.