DraftKings hopes to score big with new prediction markets app

December 20, 2025

TL;DR

DraftKings launched DraftKings Predictions, a new technology for trading contracts on sporting and financial events.
The platform is available for trading in 38 states and will eventually expand to entertainment and culture markets.
DraftKings Predictions is regulated by the Commodity Futures Trading Commission (CFTC).
Users can trade contracts by answering yes/no questions about events, with DraftKings acting as a broker.
The company acquired Railbird Technologies in October to support its entry into prediction markets.
Other prediction markets like Kalshi and Polymarket already exist and face competition.
Concerns have been raised by figures like NCAA President Charlie Baker about speculation on sports, particularly student-athlete decisions.

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