DraftKings reports increased volume and product expansion on its prediction markets platform. The company said its DraftKings Predictions product surpassed $3.1bn in annualised trading volume in May 2026 amid growth in a competitive prediction market sector.
In May, a platform upgrade before the NBA Finals and expansion of the second phase of the prediction market product were rolled out.
In December 2025, DraftKings launched its DraftKings Predictions product on CME infrastructure regulated by the US CFTC. The prediction market products have been launched in 38 states and offer sports event contracts in 17 states. The predictions markets product has been implemented in DraftKings Super App with its casino, lottery, sports betting and fantasy products.
DraftKings CEO Jason Robins said:
We’re not waiting for the game to come to us with DraftKings Predictions; we’re playing offense. We are continuing to broaden the ways customers can engage with DraftKings sports experiences across the country.
In December 2025, the US legal bookmaker acquired prediction market company Railbird and then launched the DraftKings Predictions platform on which users can bet on the outcome of events via the mobile app and website. Although contracts related to sports and financials currently dominate the offering,DraftKings is looking to diversify into new categories such as entertainment and culture, Chief Product Officer Corey Gottlieb has told industry press. These are expected to be enabled through the bookmaker’s media partnerships with entertainment giants such as ESPN and NBCUniversal.
This new market push by DraftKings comes as other financial and technology firms like Robinhood, Coinbase and Gemini all increase their focus on prediction markets. Flutter has also recently been approved to launch its own prediction market platform under its FanDuel brand. However, DraftKings still trails the biggest players in the prediction market sector with rivals like Kalshi notching up total trading volume of more than$17.9 billion in May 2026.
According to a report from market data website Ethereal, Kalshi grew 21% in May month over month to post a record for the ninth month in a row.