Overview
- DraftKings said its DraftKings Predictions exchange will offer sports event contracts in many states, targeting a launch in the coming months and possibly in the fourth quarter if ready.
- The rollout depends on National Futures Association approval to operate as a futures commission merchant and on any required rule filings or self-certifications, creating timing uncertainty.
- Access will be limited to states where DraftKings does not run a licensed sportsbook as the company seeks to protect licenses in jurisdictions where regulators have voiced concerns.
- DraftKings completed the Railbird acquisition—reportedly a $250 million deal for a CFTC-registered platform—and plans to tap new ESPN and existing NBCUniversal ties to acquire customers.
- DraftKings reported $1.14 billion in third‑quarter revenue and lowered its full‑year sales outlook, as CEO Jason Robins framed predictions as an incremental product distinct from traditional sports betting.