DraftKings Dives into Prediction Markets
Update: 2025-12-19
Description
DraftKings, a leading sports betting platform, is venturing into prediction markets with their new technology, DraftKings Predictions. This move, regulated by the CFTC, will initially focus on sports and finance, expanding later into entertainment and culture. The platform, accessible in 38 states, will connect with multiple exchanges, starting with CME Group. DraftKings chief product officer, Corey Gottlieb, expressed confidence in their ability to lead this space, leveraging their operational footprint, marketing infrastructure, and advanced technology. The companys acquisition of Railbird Technologies further solidifies their strategy. However, this expansion raises concerns about sports integrity, particularly regarding student-athletes.
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