TLDR DraftKings executive Paul Liberman said fast-paced micro betting markets will soon enter sports prediction markets, speaking at the Milken Institute Global Conference. DraftKings acquired Simplebet in 2024 for nearly $200 million and now offers prediction contracts across 48 states. The CFTC issued a supplemental no-action letter allowing Bitnomial to take over clearing for Railbird Exchange, replacing QC Clearing. A product liability lawsuit filed in March 2026 claims microbetting caused severe gambling addiction, with one plaintiff losing over $1.8 million. A New Jersey Senate committee advanced a bill to ban micro bets, citing addiction and sports integrity concerns.
DraftKings is pushing deeper into micro betting and prediction markets, even as legal and regulatory challenges grow around the fast-paced wagering format.
Paul Liberman, DraftKings President of Operations, said at the Milken Institute Global Conference on Monday that sports prediction markets will soon feature faster and more dynamic micro markets that do not yet exist.
Liberman made the comments during a panel moderated by Dan Primack. He said the company sees room for continued innovation in the space.
DraftKings has been investing heavily in this area. In 2024, the company acquired Simplebet for nearly $200 million, a deal that showed its commitment to in-play betting as a driver of future growth.
DraftKings Expands Prediction Market Reach
The company launched DraftKings Prediction in December and now offers seven contracts across 48 states. That includes sports contracts in 18 states where its sportsbook cannot currently operate.
Liberman said traditional sports betting remains the company’s core product. Internal surveys showed that customers in regulated sportsbook markets still prefer placing bets through sportsbooks.
However, he pointed to the strategic value of prediction markets in states like California and Texas, where legal online sports betting is not available.
Liberman also noted that data from