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. 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.