DraftKings CEO softens stance on digital currency event contracts

DraftKings CEO and co-founder Jason Robins has softened his stance on the opportunity set with digital currency event contracts after seeing some early signs of positivity, he said at the NEXTPredict Summit in New York City last week.

Growing volume in crypto derivatives

Short-duration Bitcoin now represents 10% of contract volume on the top U.S. prediction market on a trailing 30-day average basis. The same product accounts for 9% of Polymarket U.S. contract volume on the same basis.

Polymarket recently launched Bitcoin markets and is now offering 5-min markets on Bitcoin, according to Robins.

Prediction market volume on timed digital currency derivatives surged 44x in the first seven months of 2026.

Financial contracts may survive Supreme Court ruling

Robins noted that financial event contracts, including timed cryptocurrency derivatives, could remain live in all 50 states even if the Supreme Court hands down an adverse ruling on sports event contracts.

Crypto contracts traded on DraftKings Predictions are routed through Crypto.com rather than through the company’s DKeX exchange, Robins said.