DraftKings launched DraftKings Predictions, a standalone app entering CFTC-regulated prediction markets. The platform allows trading of contracts based on real-world outcomes, starting with sports and finance, and will be available in 38 states, including California and Texas, where online betting remains prohibited.
The app operates as a CFTC-registered broker and initially connects to CME Group, with plans to integrate Railbird Technologies to expand market offerings and liquidity. DraftKings will maintain Responsible Trading practices, including deposit limits, cool-off periods, and educational resources.
The launch includes incentives: users can win up to $1 million and receive up to a $25 bonus on sports contracts. Entering this segment positions the company against Kalshi and Polymarket, expanding its market without replacing its core sportsbook business.
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