Jason Robins: All Systems Go on Prediction Markets Now Regulatory Uncertainty “Cleared Up”

Jason Robins: All systems go on prediction markets now regulatory uncertainty “cleared up”

DraftKings CEO and co-founder Jason Robins has insisted his company has the tools to become the leader in prediction markets, while the change of posture at the federal derivatives regulator over event contracts has led to an “acceleration of our excitement” about the space. Addressing analysts on the Nasdaq-listed firm’s Q4 earnings call today, February 13, Robins said the fact the Commodity Futures Trading Commission (CFTC) considers predictio…

CFTC Chair Clarifies Role of Regulator in Prediction Markets on 'Odd Lots' Podcast

If there is a phrase to summarize Commodity Futures Trading Commission (CFTC) Chairman Mike Selig’s approach to prediction markets, it’s this: “flexible guardrails.”  At first, that doesn’t make sense: A guardrail that bends and flexes wouldn’t be the most reliable in keeping, let’s say, a runaway car from tumbling over the side of a cliff. But Chairman Selig has the utmost confidence that the CFTC’s “principle-based regulation” approach will en…