In this article

DKNG

Follow your favorite stocks CREATE FREE ACCOUNT

DraftKings CEO Jason Robins told CNBC's Jim Cramer that prediction markets aren't driving customers out of sports betting, stressing that the two have different offerings.

"Simply going and spending five minutes looking at the products, you'll see what I mean — it's night and day," Robins said. "The amount of markets, even the pricing, isn't something that I would view as competitive with what we do."

Robins pointed to U.K. and Western European markets, where there is both exchange based betting and traditional sports betting. In those areas, he said "exchange products are typically low to mid single digit percentages of share of the total industry," suggesting that indicates there is little volume migrat

See Full Page