DraftKings Inc. Chief Executive Officer Jason Robins said he doesn’t think it is good that bettors are placing prediction market wagers on what executives say on company earnings calls. His comments came during a recent earnings call, where he addressed the growing trend of using prediction markets to speculate on executive statements.

Robins expressed concern that such betting could distort the purpose of earnings calls, which are meant to provide transparent information to investors. He suggested that this practice might lead executives to be less candid or more cautious in their remarks, potentially harming the quality of communication with shareholders.

The CEO’s remarks highlight a broader debate about the intersection of gambling and financial markets. Prediction markets have gained popularity in recent years, allowing users to bet on everything from election outcomes to corporate announcements. However, Robins’ stance suggests that not all industry leaders view this development favorably.

While DraftKings itself operates in the sports betting and iGaming space, Robins drew a clear distinction between traditional betting and prediction markets on corporate events. His comments may prompt further discussion among regulators and companies about the implications of such wagers on market integrity and corporate communications.