DraftKings launches CFTC-regulated Predictions app in 38 US states
DraftKings announced the launch of its standalone Predictions app for event contracts in 38 US states, including Texas and California. The company said customers could initially trade sports and financial contracts, with culture and entertainment markets planned for later. The product follows DraftKings’ October acquisition of Railbird Technologies and its CFTC-designated subsidiary, Railbird Exchange.
The app gives DraftKings a presence in event-contract markets across states where its sportsbook is not available.