DraftKings Inc.

Friedberg oppose ×1 ▲ on 📈 Retail speculation complex (Robinhood/prediction markets/gambling) wins 2026 E261 · 2026-02-13 ▶ 22:16

over time, you could burn and churn through all of your customers, ... if they're constantly going to be making trades where they simply don't have an edge, and all the ... liquidity is coming from the accounts that do have an edge,

Chamath support ×1 ▲ on 📈 Retail speculation complex (Robinhood/prediction markets/gambling) wins 2026 E261 · 2026-02-13 ▶ 24:05

Billions and billions of dollars will be made in asymmetry. The prediction markets today, unless they are regulated out of existence or shut down, will look like the stock market

Jason support ×2 ▲ on 📈 Retail speculation complex (Robinhood/prediction markets/gambling) wins 2026 E257 · 2026-01-10 ▶ 1:06:31

if we are in a rate cut environment and ... people have a little bit of cash laying around, my pick for best performing asset will be the Robinhood Polymarket

Chamath support ×3 ▼ on 📈 Legacy sportsbooks are toast E248 · 2025-10-24 ▶ 21:37

a billion or two billion at nine billion. Then the next weekend, they announced sports betting. And now they're raising money 30 days later, ... you can see by the way, the way that DraftKings and FanDuel stock have reacted to this. Those companies are toast. Toast.

Jason support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E219 · 2025-03-15 ▶ 1:02:20

this is the I think the upside of crypto in some ways, also the upside of prize picks or gambling poker. It's the upside of Robinhood and Coinbase and all these things being available. This generation, generation bet, like they love to gamble these young kids.

Chamath support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E201 · 2024-10-25 ▶ 29:20

they're actively trading on the side something, crypto, options, whatever. They're on Robinhood, they're using Coinbase

Jason support ×3 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E201 · 2024-10-25 ▶ 30:19

I call them gen bet because they just want to bet on themselves

Chamath support ×1 ▲ on 📈 Gamified betting apps take a rising share of the consumer wallet E193 · 2024-08-23 ▶ 41:28

I mean, I think these are really good businesses, but they are some combination of entertainment and gambling.

Jason support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E182 · 2024-06-07 ▶ 58:08

the people who are betting on these things are not looking to get a 7% return or beat the average. I mean, they're looking to double their money in 48 hours.

Sacks support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E182 · 2024-06-07 ▶ 42:59

It's basically a game where the Redditors, they bid up the stock to levels that realistically it's not worth that much.

Friedberg support ×3 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E182 · 2024-06-07 ▶ 39:55

I don't think that there's anything about the actual performance of the underlying business in the security that you are buying or selling when you are making a decision about whether or not to buy or sell this security.

Chamath support ×3 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E182 · 2024-06-07 ▶ 43:21

they can get synthetically short. So they'll add leverage to this using all kinds of esoteric derivatives that other banks on Wall Street will happily sell them. And then when those are disclosed, then the Redditors can just pump it even more, which causes massive margin calls.

Jason support ×2 ▲ on 📈 Gamified betting apps take a rising share of the consumer wallet E175 · 2024-04-19 ▶ 1:19:52

The states are getting massive amounts of revenue, $11 billion generated last year, up 44.5%... The sportsbooks, obviously killing it. DraftKings got a $20 billion... It's making the games more engaging. And the media is loving this.

Chamath support ×3 ▲ on 📈 Gamified betting apps take a rising share of the consumer wallet E175 · 2024-04-19 ▶ 1:17:42

everything is being gamified ... So these forms of gambling and addiction are just going to skyrocket, I think, because you have these apps that are really incredibly well-engineered to get you super hooked.

Jason support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E172 · 2024-03-29 ▶ 33:20

When you have a small float like this and a rabid group of people who are gambling, you will get your face ripped off.

Chamath support ×2 ▲ on 📈 Gamified retail speculation overwhelms fundamental price-setting E172 · 2024-03-29 ▶ 28:37

when you look at the products that service the retail market, they've also become increasingly gamified. Robinhood is probably the best example of having built an incredibly good business by making things more like a game. ... on top of the whole movement to sort of allow individuals to monetize their own name and likeness via the stock market, which we just talked about, the second movement is that a lot of these things are becoming less financialized and more gamified. And so you just have many more participants. ... you can have a GameStop moment in any of these things. You can have these zero-day options run the stock to the moon.