DraftKings has officially launched DraftKings Predictions in 38 US states. Users can now trade sports and financial prediction market contracts, effective Friday, through this platform.
The Boston-based operator is going live in some states where sports betting is not currently legal, such as Texas, Georgia, and California. However, it won’t offer sports contracts in markets where it already has sportsbooks up and running.
the company is mindful of the relationships it has with state regulators
DraftKings Senior Vice President and General Manager of Prediction Markets, Jeannine Hightower-Sellitto, said that it could “theoretically” offer them in all 50 states as the products are federally regulated. She said the company is mindful of the relationships it has with state regulators.
The standalone app and website will initially use CME Group for the exchange of contracts. It eventually plans to roll out the Railbird Exchange to offer innovative products and more markets, including crypto, culture, and entertainment. DraftKings acquired Railbird Technologies Inc. in October, which is a CFTC-registered exchange.
Online gambling operators in the regulated US market have been watching the success of prediction markets so far in 2025 with envy. Sportsbook operators have seen their share prices drop as platforms like Kalshi eat into their revenues. DraftKings’ main rival, FanDuel, is also planning to roll out prediction markets in the coming months.
