DraftKings has announced significant trading volume and an expansion of its prediction markets platform. In May 2026, the DraftKings Predictions product achieved an annualized trading volume exceeding $3.1 billion, reflecting growth in an increasingly competitive sector. The month also saw an upgrade to the platform ahead of the NBA Finals and the rollout of the second phase of the prediction market product.
Launched in December 2025, DraftKings Predictions operates on CME infrastructure regulated by the US CFTC. It is available in 38 states and offers sports event contracts in 17 states. This product is integrated within the DraftKings Super App, which also includes casino, lottery, sports betting, and fantasy offerings.
CEO Jason Robins stated, "We’re not waiting for the game to come to us with DraftKings Predictions; we’re playing offense. We are continuing to broaden the ways customers can engage with DraftKings sports experiences across the country."
Following the acquisition of prediction market company Railbird in December 2025, DraftKings introduced its Predictions platform, allowing users to place bets on event outcomes via a mobile app and website. Currently, sports and financial contracts make up the majority of offerings, but Chief Product Officer Corey Gottlieb has indicated plans to diversify into areas such as entertainment and culture, leveraging partnerships with major media companies like ESPN and NBCUniversal.
This expansion comes as other firms, including Robinhood, Coinbase, and Gemini, intensify their focus on prediction markets. Flutter has also received approval to develop its prediction market platform under the FanDuel brand. Despite this growth, DraftKings faces stiff competition, with rivals such as Kalshi reporting over $17.9 billion in trading volume for May 2026. According to market data from Ethereal, Kalshi achieved a month-over-month growth of 21%, marking a record ninth consecutive month of growth.
