DraftKings cofounder blasts Kalshi and prediction markets amid growing sportsbook industry tensions

DraftKings co-founder Matt Kalish spent part of Sunday (May 17) attacking prediction-market operator Kalshi, arguing that sports exchanges still fall far short of the experience most bettors expect from traditional sportsbooks. In a lengthy series of social media posts, Kalish pushed back against growing excitement around exchange-style betting products. He said the technology and usability behind prediction markets remain years behind regulated sportsbook apps that already dominate the US marke