DraftKings targets Kalshi, Polymarkets lead with predictions market launch

DraftKings has officially entered the prediction markets industry with the launch of DraftKings Predictions, a standalone mobile app and web platform that allows users to trade on real-world outcomes.

DraftKings Predictions is a platform launched by DraftKings. The platform is available in 38 states and allows trading on and financial outcomes.

DraftKings has launched a subsidiary called DraftKings Predictions, directly competing with established prediction platforms like Kalshi and Polymarket in the booming events prediction market.

The platform launched in 38 states and competes with existing prediction market platforms like Kalshi and Polymarket.

The new platform operates under U.S. Commodity Futures Trading Commission (CFTC) supervision. DraftKings Predictiongistered as a CFTC Introducing Broker and Member of the National Futures Association. The platform intends to initially offer markets in sports and finance before expanding into entertainment and culture categories as the product matures.

DraftKings Predictions is a significant milestone and reflects our ongoing commitment to delivering products that tap into the passion of our customers,rey Gottlieb, the Chief Product Officer of

The company plans to take advantage of strategic partnerships with ESPN and NBCUniversal to create what Gottlieb describes as “an authentic, real-time product that moves at the speed of sports.”

Sports event contracts are available in states where traditional sports betting remains illegal, including California, Florida, Georgia, and Texas. This is because prediction markets are classified as event contracts under CFTC jurisdiction rather than gambling under state gaming laws.

aftKings Predictions connects tE Group, one of the worlds largest derivatives exchanges. Kalshi, on the other hand, operates its own CFTC-regulated exchange, and Polymarket operates on blockchain and became compliant with CFTC registration standards in late

DraftKings Predictions plans to integrate Railbird Technologies Inc. and its subsidiary Railbird Exchange, LLC, which DraftKings recently acquired. This integration is expected to increase the available markets, enable product innovation, and provide economic advantages over time.

DraftKings operates sophisticated marketing and analytics systems, has an established customer base of millions of users, and maintains partnerships with major media companies.

The company recently implemented a Responsible Trading that allows users to set deposit limits, take cooling-off periods, self-exclude, and access educational materials through the DraftKings Responsible Trading Center within the app.

Kalshi became the first prediction market exchange to be regulated by the CFTC in 2021, and gained its popularity through predictions around political events.

Polymarket had its time in the spotlight in the 2024 election period, when it capped a period of record activity with accurately predicting President Trumps victory when most traditional polls had the candidates neck and neck. it had to weather a few rough months of scaled-up faced regulatory scrutiny for serving U.S. customers without proper registration.

DraftKings pivot into the prediction markets signals the growing mainstream adoption of such markets, but Kalshi and Polymarket maintain a on many of the new entrants into the sector.

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