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DraftKings Ups the Prediction Market Ante With Railbird Deal

Platforms like Kalshi, on the other hand, only make money from transaction fees. These make up a much smaller percentage of the overall volume. If DraftKings were to fully convert into a prediction market, it would likely have a serious effect on gross margins.DraftKings' sportsbook bakes into its betting lines the traditional vigorish, or "vig." This creates a hold on sportsbook wagers of just under 5%, and in the case of other popular wagers like parlays, the hold can be considerably higher. On multi-leg ...