DraftKings built artificial intelligence that could identify what bettors would lose more.
The system could also identify which users were heading towards serious trouble, but DK decided to ignore it.
@TheOmarShowLive I invited my fellow Chicagoan GRP to trade on Kalshi when he’s limited on the books. Including his own Affiliate code + free hat. He prefers to stick to the bit 😔
@play_cash_it Don’t need to say anything. We just trade on Kalshi.
Mind you this is where trad sportsbooks are sitting at the kickoff of NFL and CFB 🏈
$FLUT $DKNG
@readDanwrite From the words of one time (not anymore) biggest proponent of $DKNG and CEO Jason Robins. If shareholders understand DraftKings was way late to the party why cant the CEO? 🤔
The issue is that they weren't the first mover on this; they were the last! They could have had a monopoly/duopoly on this! Complete failure on managements part!
“I know Matt, I talk to him, I try to share what I think he should or shouldn’t be saying, but he’s his own person, and I don’t control him. When he worked for us, I could tell him what to do, and I can’t anymore”
DraftKings CEO comments on cofounder Matt Kalish and his social media campaign against Kalshi -- from our @FOS Asset Class event this week.
More: https://t.co/4DOOLYstLx
Interesting news that just hit my inbox: The Tunica-Biloxi Tribe of Louisiana is launching the "first tribal prediction market app," and it will be "powered by Kalshi."
Kalshi’s introduction of maker fees on parlays are already adding upwards of a million dollars per day to the company’s revenue less than a month after going into effect, as the additional fees don’t appear to have slowed enthusiasm for multi-leg bets.
Today, the Tunica-Biloxi Tribe of Louisiana became the first sovereign Tribal nation in the country to launch its own prediction market.
Read the open letter below: