DraftKings withdraws NFA membership application, delaying prediction market plans
DraftKings withdrew its application to join the National Futures Association, pausing its reported plans to enter sports-based event contracts. The company said it continues to monitor prediction markets; the withdrawal came ahead of a Commodity Futures Trading Commission roundtable scheduled for 30 April.
The withdrawal leaves DraftKings’ potential entry into federally supervised prediction markets on hold ahead of the CFTC discussion.