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The CEO of DraftKings says he's looked into adding crypto as a form of payment, but regulations are preventing it

Mount Equity Group Tokyo, Japan > News > Markets > The CEO of DraftKings says he's looked into adding crypto as a form of payment, but regulations are preventing it

DraftKings CEO Jason Robins onstage during the TechCrunch Disrupt SF 2018 on September 7, 2018 in San Francisco.

DraftKings CEO Jason Robins said current regulations prevent the company from accepting cryptocurrency as payment. “As of now, crypto is not an approved payment type in any of the states where we’re live,” Robins said. But he added he foresees cryptocurrencies to “likely transform some entire industries.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

DraftKings CEO Jason Robins said he has looked into adding cryptocurrencies as a form of payment for his online sports betting company but admitted that the current regulations prevented him from pursuing the matter further.

“The payment methods we can accept are determined by the individual state regulators and, as of now, crypto is not an approved payment type in any of the states where we’re live,” Robins said during a live town hall hosted by stock trading app Public Wednesday.

The chief executive added that cryptocurrencies will “likely transform some entire industries and portions of others.”

Cryptocurrency regulation – or a lack