Mar. 12 at 3:57 PM
$DKNG $FLUT:
SCOTUS rules:
1. Sports Prediction market considered gambling and outlawed nationwide.
2. Sports Prediction market not considered gambling and allowed nationwide and pay no state taxes.
3. Sports Prediction market allowed nationwide but need to pay state taxes.
4. Sports Prediction market allowed only in states which has legalized betting.
5. Sports Prediction market allowed only in states which has not legalized betting.
#1. Most favorable to
$DKNG. Threat from prediction go away.
#2. Still favorable to
$DKNG. Open up CA, TX, GA and FL.... Tax burden lifted, margins expand. More competition but level playing field.
#3. Very favorable to
$DKNG. Kalshi + others now has to pay the same taxes and will have no advantage.
#4. Very favorable to
$DKNG. Kalshi would be forced to compete on product and price.
#5. Still favorable to
$DKNG. Kalshi not able to generate revenue from any of the states that legalized betting.
$DKNG preserves current rev and adds more.
