DraftKings Launches Prediction Markets in 38 US States

DraftKings Launches Prediction Markets in 38 States, Including Texas and California

DraftKings has officially rolled out its DraftKings Predictions platform across 38 US states, expanding into major markets such as Texas, Georgia, and California. The product allows users to trade on sports and financial prediction market contracts under a federally regulated framework.

The operator is initially partnering with CME Group for contract exchange and plans to introduce its Railbird Exchange to broaden markets into areas like crypto, culture, and entertainment.

DraftKings Predictions Goes Live Nationwide

DraftKings Launches Prediction Markets in 38 US States

DraftKings Launches Prediction Markets in 38 States, Including Texas and California

DraftKings Predictions is available in states without legal sports betting
It won’t offer sports contracts in states where it has a live sportsbook
DraftKings is initially working with CME Group as its exchange partner

DraftKings Predictions has gone live in 38 states.

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.

Expansion Into Non-Sports Betting States

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.

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.

Partnership With CME Group and Railbird Exchange Plans

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.

Competitive Pressure From Prediction Markets

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.