DraftKings Sees Opportunity With Crypto Event Contracts

DraftKings (NASDAQ: DKNG) is one of the two largest online sportsbook operators in the U.S. and it’s making headway in the sports prediction market space, but financial event contracts, particularly cryptocurrency derivatives, could be another growth outlet for the company. Speaking at the NEXTPredict Summit in New York City last week, CEO and co-founder Jason Robins admitted he’s softened his stance on the opportunity set with digital currency event contracts after seeing some early signs of positivity.