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FanDuel and DraftKings launch US prediction-market platforms

Deals & M&A

FanDuel and DraftKings launched prediction-market platforms in the US in December 2025, according to reports. DraftKings Predictions began on 19 December and offers sports event contracts in 38 states; FanDuel Predicts launched on 22 December in a five-state pilot with CME Group. Coinbase filed lawsuits against Connecticut, Michigan and Illinois on 19 December, seeking to establish federal CFTC jurisdiction over prediction markets.

The launches and lawsuits could affect where operators can offer sports event contracts and which regulators oversee them.

End-of-day close DraftKings (DKNG), USD, to 9 February 2026
Story date11 November 20259 February 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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