DraftKings co-founder Matt Kalish attacks Kalshi on Business of Betting podcast
DraftKings co-founder Matt Kalish joined the Business of Betting podcast to explain his recent social media attacks on prediction market platform Kalshi. Kalish has spent the last two weeks criticizing Kalshi on social media, prompting what he describes as widespread pushback: he quoted others telling him to 'STFU' regarding his commentary. The podcast appearance marks his first extended explanation of the dispute.
A high-profile sports betting founder publicly attacking a regulated prediction market competitor signals rising tension between traditional sportsbooks and event-contract platforms as they fight for overlapping user bases and regulatory positioning.
Joins Tennessee's AG Skrmetti, Minnesota lawmakers, and six other state-level combatants in the widening prediction-market fight, as Kalshi's new Coalition with Coinbase, Robinhood, Crypto.com and Underdog tries to convert its courtroom defense into a unified lobbying front.