Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
DraftKings enters prediction markets with CF
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
DraftKings enters prediction markets with CF
DraftKings enters prediction markets with CFTC-approved app for real-world events
DraftKings enters prediction markets with CFTC-approved app for real-world events
The sports-betting giant enters the growing world of event contracts with CFTC-registered DraftKings Predictions in 38 states.
By Helene Braun, AI Boost|Edited by Jamie Crawley
Dec 19, 2025, 2:55 p.m.
DraftKings (Cheng Xin/Getty Images, modified by CoinDesk)
What to know:
- DraftKings has unveiled a CFTC-regulated app letting users trade on real-world outcomes like sports and finance in 38 U.S. states.
- The move puts it in direct competition with crypto-native prediction markets like Polymarket or other competitors like Kalshi and Robinhood.
- Prediction markets have emerged as one of the biggest financial trends of the year, fueled by regulatory clarity and rising demand for real-time speculation.
DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts.
The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced on Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
It is registered with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association and will be available in 38 states to buy and sell event contracts.
To deepen its market offerings, DraftKings will connect to exchanges like CME Group and plans to incorporate Railbird Technologies, which it recently acquired. That integration is expected to broaden the types of available markets and improve economics over time, it said.
This move puts DraftKings in direct competition with Polymarket, a popular crypto-based prediction market platform, and Robinhood (HOOD), which earlier this year launched event contracts for sports outcomes. Unlike Polymarket, which relies on blockchain-based infrastructure and stablecoins, DraftKings operates entirely within the existing financial system and app ecosystem.
Aside from the AI boom, prediction markets have quietly become one of the biggest financial stories of the year. Once a niche corner of crypto, markets for betting on real-world outcomes — from elections to sports to economic data — have surged into the mainstream. Platforms like Polymarket and Kalshi have seen record-breaking volumes, drawing in retail traders and hedge funds alike, and become double-digit billion dollar companies.
What’s driving the shift is a mix of regulatory clarity and cultural momentum. The CFTC’s greenlighting of certain event contracts has opened the door for more structured, compliant products, while the public appetite for real-time, high-stakes speculation has never been stronger.
Prediction MarketsSportsSports Betting
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Commissioned byGoPlus
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
More For You
Wall Street bank JPMorgan says stablecoin market could grow to $600 billion by 2028
The bank said stablecoin growth is still mostly driven by crypto trading, and rising payments use may boost velocity more than supply.
What to know:
- JPMorgan said stablecoin supply is up about $100 billion this year to roughly $308 billion, led by USDT and USDC.
- The bank's analysts expect steady growth into 2028, but well below the most bullish projections.
- Trading demand still dominates, and payments adoption may lift stablecoin velocity more than supply, the report said.
Read full story
Latest Crypto News
Most Influential 2025's Honorable Mentions
Most Influential: Hsiao-Wei Wang and Tomasz K. Stańczak
Most Influential: Luke Dashjr
Most Influential: Jeff Yan
Most Influential: The Solana Developers
Most Influential: Stani Kulechov
Top Stories
Wall Street bank JPMorgan says stablecoin market could grow to $600 billion by 2028
Bitcoin gains as yen surprisingly tumbles after BOJ rate hike: Crypto Daybook Americas
Jump Trading sued for $4 billion in connection to Do Kwon’s Terra Labs collapse: WSJ
Coinbase files lawsuits in 3 states over attempts to regulate prediction markets
Wall Street bank JPMorgan says stablecoin market could grow to $600 billion by 2028
Re-litigating the GENIUS Act Brings Risk and No Rewards
Market Opportunity
RWAX Price(APP)
$0.0002439
$0.0002439$0.0002439
USD
RWAX (APP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Unleashing A New Era Of Seller Empowerment
The post Unleashing A New Era Of Seller Empowerment appeared on BitcoinEthereumNews.com. Amazon AI Agent: Unleashing A New Era Of Seller Empowerment Skip to content Home AI News Amazon AI Agent: Unleashing a New Era of Seller Empowerment Source: https://bitcoinworld.co.in/amazon-ai-seller-tools/
Share
BitcoinEthereumNews2025/09/18 00:10
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued
The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight
The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02