DraftKings, Kalshi, Robinhood execs debate prediction markets at Milken panel

DraftKings, Kalshi, and Robinhood executives joined a Milken Institute panel moderated by Axios Business Editor Dan Primack to discuss prediction markets and regulation. The May session explored how prediction markets are being used as investing tools for investment analysis, consumer engagement, and risk assessment. Panelists addressed regulatory challenges facing the growing sector and examined how DraftKings is strategically positioning its core sportsbook business alongside the prediction-markets space. Speakers also debated the sportsbook edge in the expanding prediction market sector and how prediction markets function similarly to sports betting.