DraftKings withdrew its National Futures Association application in March, after filing it last July for an entity called DraftKings Predict. The company said it continues to monitor developments in prediction markets but did not explain the withdrawal.
The withdrawal leaves DraftKings’ possible entry into prediction markets unresolved as regulatory challenges affect the sector.
Quarter ended 30 September 2026
The day’s most important stories, free. One email a day.
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.
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.
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.
Fanatics withdrew its membership from the American Gaming Association after launching Fanatics Markets on 3 December. The company said it disagrees with the association’s position on prediction markets; its sports-related contracts are available in 24 states through a partnership with Crypto.com.