DraftKings launches DKeX prediction markets exchange in its app
DraftKings launched its proprietary DKeX prediction markets exchange within the DraftKings: Sports & Casino app, the company said. DKeX uses technology and a CFTC licence acquired through DraftKings’ purchase of Railbird Technologies. For the week ended 21 June, DraftKings reported annualised consumer volume of about $3.4bn and total trading volume of about $11.3bn.
The exchange gives DraftKings more direct control over the technology and operation of its prediction markets product.