The firm offers app and web access under US federal oversight in 38 states.
Kalshi and Polymarket $7.4B, Robinhood 2.5B contracts traded in October; sports lead amid regulatory attention.
DraftKings, which is listed on Nasdaq, announced the launch
of DraftKings Predictions. The move marks the company’s entry into prediction
markets. The product operates under the oversight of the U.S. Commodity Futures
Trading Commission.
At launch, DraftKings Predictions will connect to the CME
Group. The company said this will provide access to a wide range of contracts,
including economic indicators, global benchmarks, and sports events. The
platform is also expected to integrate Railbird Technologies and its exchange
business in the future, following DraftKings’ recent acquisition.
DraftKings App Offers Sports, Finance Markets
Corey Gottlieb, Chief Product Officer of DraftKings, Source: LinkedIn
The product is offered as a standalone mobile app and web
platform. It allows eligible users to trade on real-world outcomes. Initially,
markets include sports and finance, with plans to expand into entertainment and
culture over time.
Corey Gottlieb, Chief Product Officer of DraftKings,
described the launch as a “significant milestone.” He added that the company
aims to deliver an experience reflecting customer interest and real-time
activity. He also referenced partnerships with ESPN and NBCUniversal.
DraftKings Predictions went live in 38 states this morning, 17 of them with sports event contracts, including California, Texas and Florida. pic.twitter.com/7rmPPEIiF8
CFTC-Registered Event Trading Goes Live Nationwide
DraftKings said it has applied its responsible gaming
framework to event contracts through a Responsible Trading program. The program
emphasizes education and participation controls. Users can set limits, take
breaks, or self-exclude. Educational materials are available within the app and
on the DraftKings website.
DraftKings Predictions is now available to eligible U.S.
residents. The company said the app will appear in major app stores as the
rollout continues over the next few days.
Activity is increasingly dominated by sports contracts,
surpassing political and economic predictions. Robinhood also reported rising
engagement, with 2.5 billion contracts traded in October. The expansion has
drawn attention from regulators, including Romania, which blocked Polymarket
over gambling concerns.
DraftKings, which is listed on Nasdaq, announced the launch
of DraftKings Predictions. The move marks the company’s entry into prediction
markets. The product operates under the oversight of the U.S. Commodity Futures
Trading Commission.
At launch, DraftKings Predictions will connect to the CME
Group. The company said this will provide access to a wide range of contracts,
including economic indicators, global benchmarks, and sports events. The
platform is also expected to integrate Railbird Technologies and its exchange
business in the future, following DraftKings’ recent acquisition.
DraftKings App Offers Sports, Finance Markets
Corey Gottlieb, Chief Product Officer of DraftKings, Source: LinkedIn
The product is offered as a standalone mobile app and web
platform. It allows eligible users to trade on real-world outcomes. Initially,
markets include sports and finance, with plans to expand into entertainment and
culture over time.
Corey Gottlieb, Chief Product Officer of DraftKings,
described the launch as a “significant milestone.” He added that the company
aims to deliver an experience reflecting customer interest and real-time
activity. He also referenced partnerships with ESPN and NBCUniversal.
DraftKings Predictions went live in 38 states this morning, 17 of them with sports event contracts, including California, Texas and Florida. pic.twitter.com/7rmPPEIiF8
CFTC-Registered Event Trading Goes Live Nationwide
DraftKings said it has applied its responsible gaming
framework to event contracts through a Responsible Trading program. The program
emphasizes education and participation controls. Users can set limits, take
breaks, or self-exclude. Educational materials are available within the app and
on the DraftKings website.
DraftKings Predictions is now available to eligible U.S.
residents. The company said the app will appear in major app stores as the
rollout continues over the next few days.
Activity is increasingly dominated by sports contracts,
surpassing political and economic predictions. Robinhood also reported rising
engagement, with 2.5 billion contracts traded in October. The expansion has
drawn attention from regulators, including Romania, which blocked Polymarket
over gambling concerns.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Capital.com Appears to Open New Offices in Bahrain, Azerbaijan and Germany
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