Draftkings announced the debut of Draftkings Predictions on Dec. 19, introducing a mobile and web-based platform that allows eligible U.S. users to trade contracts tied to real-world outcomes, including sports and financial events. The Boston-based company said additional categories, such as entertainment and cultural events, are expected to follow as the predictions marketplace product scales.
The new app operates separately from Draftkings’ sportsbook and casino offerings and is overseen by the U.S. Commodity Futures Trading Commission (CFTC). Draftkings Predictions is registered as an introducing broker and is a member of the National Futures Association, placing it under federal commodities regulation rather than state-level gambling frameworks.
Draftkings Predictions Long Term Finance market section.
Prediction markets allow participants to buy and sell event contracts that pay out based on whether a specific outcome occurs, such as the result of a sports matchup or the release of economic data. Prices fluctuate as traders assess probabilities, effectively turning collective expectations into real-time market signals rather than fixed odds.
At launch, Draftkings Predictions connects to CME Group to provide access to a range of event contracts, including global benchmarks, economic indicators, and sports-related markets. Draftkings disclosed that it plans to connect to multiple exchanges over time to increase market depth and liquidity for eligible customers.
The rollout follows Draftkings’ October acquisition of Railbird Technologies, whose exchange infrastructure is expected to expand the platform’s available markets and support future product development. Railbird’s technology is also positioned to improve economics and customization as Draftkings builds out its event contract offerings.
“Draftkings Predictions is a significant milestone and reflects our ongoing commitment to delivering products that tap into the passion of our customers,” Corey Gottlieb, Draftkings’ chief product officer, said in a statement.
The Draftkings exec added:
“We believe we are uniquely positioned to lead this space over the long term.”
Draftkings enters a sector already populated by established and emerging competitors. Kalshi operates a CFTC-regulated U.S. exchange offering contracts on economics, weather, politics, and sports, while Polymarket and Myriad run crypto-based prediction platforms that allow global users to trade on similar outcomes using digital assets. Polymarket has also entered the U.S. market after the CFTC’s blessing.
Both Polymarket and Kalshi have reported billions of dollars in cumulative trading volume and have expanded into sports and IPO-related markets, while Polymarket gained massive notoriety for its 2024 election forecasting accuracy and high- volume political contracts. Myriad, launched in 2025, has grown rapidly within decentralized finance (DeFi) infrastructure by focusing on automated markets and onchain settlement.
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Competition is also expected to intensify as firms such as Robinhood, Crypto.com, and Coinbase start or continue to expand prediction market access through regulated subsidiaries and crypto-integrated platforms. These entrants aim to blend retail trading, derivatives infrastructure, and event-based contracts into completely unified financial products.
Draftkings said the predictions app will initially be available in 38 states, including jurisdictions where sports betting is not legal but federally regulated event contracts are permitted. The company noted it also extended its responsible engagement framework to the product through a Responsible Trading program that includes deposit limits, self-exclusion tools, and educational materials.
As prediction markets continue to attract interest from financial firms, legacy crypto platforms, and everyday consumer trading apps, Draftkings’ entry positions the company at the intersection of regulated derivatives trading and mass-market digital entertainment, signaling a broader shift in how event-based outcomes are monetized in the U.S.
- What is Draftkings Predictions?
It is a standalone app that allows eligible users to trade contracts tied to real-world event outcomes. - How do prediction markets work?
Participants buy and sell event contracts whose prices reflect the perceived probability of an outcome. - Is Draftkings Predictions regulated?
Yes, the platform operates under CFTC oversight and is registered with the National Futures Association. - Who are Draftkings’ main competitors in prediction markets?
Key competitors include Kalshi, Polymarket, Myriad, and emerging offerings from Robinhood and crypto firms.
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