CFTC and NFA approve DraftKings entity as introducing broker
DraftKings said Gus III LLC, the entity behind DraftKings Predictions, received approval from the CFTC and NFA to operate as an introducing broker. The entity was listed as an approved NFA member and swap firm on 4 December; DraftKings has not confirmed a launch date for the product.
The approvals establish a federal registration step for DraftKings’ planned prediction-market offering, whose launch timing remains unconfirmed.