DraftKings withdrew its application to the National Futures Association in April, pausing plans for its DraftKings Predict platform. Jefferies analyst David Katz said the company was taking a measured approach to prediction markets; DraftKings has not explained the change.
The decision leaves DraftKings’ planned entry into prediction markets on hold as the sector develops.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
It was reported that Binance.US planned an August application to the CFTC for approval to offer prediction markets. Chief executive Stephen Gregory reportedly outlined the plan at the Rare Evo conference in Las Vegas.
Rush Street Interactive was linked to an application filed with the Commodity Futures Trading Commission on 20 May by Eventive III, which could provide a route to sports event contracts. Susquehanna analyst Joseph Strauff said public documents do not name RSI, and an RSI spokesperson declined to comment.
Betr is preparing to launch Betr Predictions, according to a report that said the company had not publicly confirmed its plans. The platform’s application to the National Futures Association to become an introducing broker and swap firm was pending; the report said CEO Joey Levy was listed as its chief executive.
CFTC chair nominee Michael Selig told a Senate committee he would apply the law to any application for Trump Media’s proposed Truth Predict platform. Asked about a possible presidential request for special treatment, Selig said an application would go through the same process as others; the committee advanced his nomination by a 12-11 vote.
Gemini Space Station is reportedly considering offering event contracts to clients, while its designated contract market application with the CFTC remains pending. The company filed for the status in May through Gemini Titan; approval would be required to offer event contracts in the US.