# DraftKings Predictions

DraftKings' event-contract app, brokered by its own FCM onto DKeX, Crypto.com and CME.

*https://predictionmarkets.tools/tools/draftkings-predictions · Prediction Market Venues*

## Facts

### At a glance

| Field | Value |
| --- | --- |
| Vendor | DraftKings |
| Category | Prediction Market Venues |
| Job | event_trading |
| Website | https://predictions.draftkings.com |
| Pricing model | commission |
| Free tier | false |
| Open source | false |
| Licence | none |
| Self-hosted | false |
| Tested hands-on | false |
| Last updated | 2026-10-04 |

### Availability

| Field | Value |
| --- | --- |
| Jurisdictions | us |
| Open to US persons | true |
| KYC required | true |

### Markets

| Field | Value |
| --- | --- |
| Subjects | sports, crypto, macro |
| Settlement | cash |
| Resolved by | None of its own — each contract settles under the rules of the exchange that lists it (DKeX, Crypto.com or CME), against the source named in that market's terms. |

### Economics

| Field | Value |
| --- | --- |
| Taker fee | 2 |
| Maker fee | 2 |
| Liquidity model | clob |
| Platforms | web, ios, android |
| AI features | none |

### Interfaces

| Field | Value |
| --- | --- |
| API | false |
| WebSocket | false |
| Scripting | none |
| Python | false |
| MCP server | false |
| Export | none |

### Capabilities

Yes: live_trading, portfolio_tracking

No: charting, screening, order_book, backtesting, automation, paper_trading, calibration_scoring, cross_venue, alerts, news, tax_reporting

*Verified: pricing 2026-10-03; availability 2026-10-03; economics 2026-10-03; markets 2026-10-03.*

## What it is

DraftKings Predictions is the event-contract product of DraftKings: a standalone app and website
where contracts priced between $0 and $1 pay $1 if an outcome happens and nothing if it does not.
The how-to page lists "sports, crypto and more"; the rules page adds stock indices, commodities
and economic releases. DraftKings' 2025 annual report dates the launch to **19 December 2025**.

**It is a broker, not an exchange — but one of the exchanges behind it is DraftKings' own.** Three
legal layers sit between the button and the clearinghouse:

- **The app and the account: GUS III LLC, doing business as DraftKings Predictions.** The 10-K
  for 2025 describes it as a CFTC-registered introducing broker using **Wedbush Securities** as
  its futures commission merchant. That has since changed: NFA's register records an FCM
  application on 27 February 2026, and on **14 July 2026** the FCM registration took effect and
  the introducing-broker registration was withdrawn. The site footer now reads "Event Contract
  Trading is offered by DraftKings Predictions, a CFTC-registered Futures Commission Merchant and
  NFA member."
- **The exchanges.** The Terms of Use (last updated 4 August 2026) name three: CME; North
  American Derivatives Exchange, Inc., the former Nadex, which trades as Crypto.com | Derivatives
  North America; and **Railbird Exchange, LLC, defined as "DKeX"**. The fee schedule splits its
  table the same way, "CDNA and DKeX Markets" against "CME Markets".
- **The clearinghouse for DKeX: Bitnomial Clearinghouse, LLC**, named in the same Terms and in
  the CFTC staff letter of 4 May 2026 about trades "executed on or subject to the rules of
  Railbird and cleared through Bitnomial". DKeX's own rulebook refers only to "the
  Clearinghouse".

**DKeX is Railbird, renamed in everything but the register.** Railbird Exchange was designated a
contract market by the CFTC on **13 June 2025**; the CFTC's list still shows it under that name.
DraftKings acquired Railbird Technologies and its exchange subsidiary in October 2025, for total
consideration of $84.8 million according to the 10-K. The original designation order barred any
FCM from intermediating trades on Railbird; an amended order in April 2026 removed that bar,
which is what let a DraftKings-owned broker route customers onto a DraftKings-owned exchange.
The dkex.com domain resolves to Railbird's site, which now carries the DKeX name and a rulebook
dated 22 September 2026. Opening a DraftKings Predictions account binds you to that rulebook "as
if you were a Member".

**How it differs from the sportsbook.** The DraftKings Sportsbook is a state-licensed product that
quotes its own odds and holds the other side. Here you buy or sell a contract on an exchange,
against other participants, with a position you can sell before the event ends, a fee per
contract rather than a margin built into the price, and the CFTC rather than a state gaming
regulator overseeing the venue. It is a different account, under a different legal entity, with
different state availability. The sportsbook itself is outside this catalogue's scope.

## Availability

**Availability turns on two tests: your state of residence and your physical location.** The
how-to page says so in as many words — standing in a state where sports markets are offered does
not help if your home state does not allow them — and the product is unavailable on tribal land.
DraftKings publishes a colour-coded state map with four classes; read off the map as published
on 3 October 2026:

| Class | Jurisdictions |
|---|---|
| All markets | Alabama, Alaska, California, Florida, Georgia, Hawaii, Idaho, Minnesota, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Texas, Utah (17) |
| Sports markets unavailable | Colorado, Delaware, District of Columbia, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Jersey, New York, North Carolina, Oregon, Vermont, Virginia, West Virginia, Wisconsin, Wyoming (21) |
| Financial markets only | Connecticut |
| No markets | Arizona, Arkansas, Illinois, Iowa, Maine, Montana, Nevada, New Hampshire, Ohio, Pennsylvania, Tennessee, Washington (12) |

The map is an image without a text equivalent, so the smallest states were read by sampling its
colours; check the live map before relying on a single state. US territories count as eligible
jurisdictions in the page's own wording.

The Terms set the **minimum age at 18**, or the age of majority where that is higher, and require
US residence. Identity verification asks for full legal name, date of birth, Social Security or
other tax identification number and a physical address. Nothing in DraftKings' material offers
the product outside the United States.

## Pricing

**One all-in fee per contract, per side, and DraftKings says it includes everything.** The fee
disclosure as read on 3 October 2026 states that "Total Fees include all applicable FCM
commissions and Exchange Fees", and charges the fee each time a position is opened or closed:

| Contract price | DKeX and Crypto.com markets | CME markets |
|---|---|---|
| 1¢ | $0.0008 | $0.01 |
| 10¢ | $0.0076 | $0.01 |
| 20–22¢ | $0.0149 | $0.02 |
| 30–94¢ | $0.0200 | $0.02 |
| 95–96¢ | $0.0150 | $0.01 |
| 99¢ | $0.0050 | $0.01 |

The DKeX and Crypto.com column has a step for every cent up to 11¢ and every few cents above it;
the table here is a sample. The order's total is the per-contract fee times the number of
contracts, **rounded up to the next cent** — so a single one-cent contract costs a full cent in
fees, 12.5 times the per-contract figure.

**Why the fee fields read 2% and 2%.** At 50¢ both columns charge $0.02 a contract, which is 2% of
the $1 payout. The schedule has no maker/taker split, so both fields carry it. A round trip —
buying and then selling before settlement — pays it twice; holding to settlement pays it once.

**This is the second schedule, not the first.** The schedule from the launch period, when Wedbush
was the FCM, charged a $0.01 DraftKings commission per contract per side and told customers to
check CME's exchange-fee schedule separately. The current table folds both layers into one
number. The fee disclosure names no deposit or withdrawal fee; none was checked
further.

## Markets & resolution

**Sports, crypto and financial markets, from three exchanges with three sets of rules.**
DraftKings' rules page says the governing rules for any market are reached through "View Rules"
in the trade slip, and links DKeX's regulatory notices and trading rules, Crypto.com's Nadex and
sports event trading rules, and CME's event-contract specifications.

The settlement sources it names are concrete:

- **Crypto** contracts settle on the "Exp value" Nadex publishes on its market-data page —
  Crypto.com's exchange — and DraftKings warns results can take 30–60 minutes to appear.
- **Stock-index, commodity and economic** contracts (S&P 500, Nasdaq, Russell, Dow, euro; crude,
  natural gas, gold, silver, copper; payrolls, unemployment, the federal funds rate, GDP and CPI)
  settle on CME's published values.
- **Sports** contracts settle under the rules of whichever exchange lists them; the page links
  DKeX's and Crypto.com's but quotes no source of its own.

DraftKings Predictions resolves nothing itself: the Terms say it "does not settle or clear any
Commodity Transactions", and point you at each exchange's and clearinghouse's rules for that. On
DKeX the rulebook provides an outcome review process (rule 7.1), order-priority rules (rule 5.8)
and a request-for-quote system whose quotes come from self-clearing members; the Railbird designation order
describes trading on "an anonymous electronic central limit order book", fully collateralised.

All contracts are cash-settled in US dollars.

## Integrations

None for a trader. There is no public API for DraftKings Predictions accounts; the app and the
website are the only way in. DKeX's rulebook provides for direct self-clearing members and FCMs,
but says the self-clearing provisions "will not apply" until its clearinghouse has the necessary
approvals, and none of that is a retail route.

The account centre has statement and tax-form pages for the Predictions product, but no published
page commits to a form for event contracts: the Predictions terms say only that payments "may be
classified as income and reported on Form 1099 as applicable" (read 4 October 2026).

## Limitations

- **The exchange is the broker's sibling.** DraftKings owns the app, the FCM and DKeX. That is
  legal and disclosed in its filings, but it is a different structure from a broker routing to an
  unaffiliated exchange, or an exchange you join directly.
- **Availability is a patchwork.** Twelve states have nothing, twenty-one jurisdictions get no
  sports markets, and residence and location both have to pass.
- **The documents lag the structure.** The Terms of Use of 4 August 2026 still describe trades
  "processed by Wedbush Securities" on DraftKings Predictions' behalf, while the footer and NFA
  name DraftKings Predictions as the FCM since 14 July 2026. Which accounts, if any, Wedbush still
  carries is not stated anywhere public.
- **2¢ a side at mid-range prices**, rounded up per order, so small orders pay proportionally more.
- **Three rulebooks.** A sports market on DKeX and one on Crypto.com's exchange can look identical
  in the app and resolve under different procedures.
- **No API, no data export.**
- **Nobody here has funded an account.** Everything above is read from DraftKings' Terms of Use,
  fee disclosure, availability and rules pages, its 2025 10-K and second-quarter 2026 10-Q, the
  DKeX rulebook, NFA's register and the CFTC's records, on 3 and 4 October 2026.

## Alternatives

[Crypto.com](https://predictionmarkets.tools/tools/crypto-com-prediction-markets) offers the CDNA markets in its own app, from the
exchange that lists them. [Kalshi](https://predictionmarkets.tools/tools/kalshi) and [Polymarket US](https://predictionmarkets.tools/tools/polymarket-us) are
directly accessed US exchanges with wider market lists. [Novig](https://predictionmarkets.tools/tools/novig) and
[ProphetX](https://predictionmarkets.tools/tools/prophetx) are sports-only exchanges. Among the brokers,
[Robinhood](https://predictionmarkets.tools/tools/robinhood-prediction-markets) and
[PrizePicks Predict](https://predictionmarkets.tools/tools/prizepicks-predict) put their own commission on someone else's
exchange — PrizePicks also through an FCM it owns.

## FAQ

### Is DraftKings Predictions the same as the DraftKings Sportsbook?

No. It is a separate app and a separate legal account, opened with GUS III LLC, which does business as DraftKings Predictions and is registered with the CFTC as a futures commission merchant. You trade event contracts listed on CFTC-regulated exchanges against other participants; the sportsbook is a state-licensed product that sets its own odds.

### Which exchange are DraftKings Predictions contracts listed on?

One of three, depending on the market. DKeX is the trading name of Railbird Exchange, LLC, a designated contract market since 13 June 2025 that DraftKings acquired in October 2025. Other markets come from Crypto.com's exchange, North American Derivatives Exchange, and from CME. The trade slip's "View Rules" link names the exchange for each market.

### Where can I use DraftKings Predictions?

It depends on both where you live and where you are standing. DraftKings' state map shows 17 states with every market, 21 jurisdictions without sports markets, Connecticut with financial markets only, and 12 states with nothing at all, including Arizona, Illinois, Ohio, Pennsylvania and Nevada. It is not available on tribal land.

### What does a trade on DraftKings Predictions cost?

Up to $0.02 a contract each time you open or close a position, on a sliding table that falls toward the ends of the price range. DraftKings says the figure includes every FCM commission and exchange fee, and the total for an order is rounded up to the next cent.

### How old do you have to be?

Eighteen, or the age of majority where you live if that is higher. You must be a US resident, physically in an eligible jurisdiction, and you will be asked for your legal name, date of birth, address and Social Security number to verify identity.

## Background

- [How money gets back out](https://predictionmarkets.tools/guides/how-money-gets-out.md) — The rail that funded an account is usually not the rail that empties it. Same-source rules, clearing holds, jurisdiction locks, and what a bridge takes.
- [Insider-trading rules on event contracts](https://predictionmarkets.tools/guides/insider-trading-rules-on-event-contracts.md) — What the Commodity Exchange Act, CFTC Rule 180.1 and the Kalshi and Polymarket US rulebooks prohibit, and what the cases published in 2026 show.
- [Where the liquidity comes from, and who is on the other side](https://predictionmarkets.tools/guides/where-liquidity-comes-from.md) — Order book, automated market maker or pool — what each means for the price you get, and why the number on a thin market is not a probability.

## Also worth comparing

- [Coinbase Prediction Markets](https://predictionmarkets.tools/tools/coinbase-prediction-markets.md) — Kalshi's event contracts in the Coinbase app, via Coinbase's own FCM, in USD or USDC.
- [Crypto.com Prediction](https://predictionmarkets.tools/tools/crypto-com-prediction-markets.md) — Event contracts on a CFTC-designated exchange, traded from inside the Crypto.com app.
- [FanDuel Predicts](https://predictionmarkets.tools/tools/fanduel-predicts.md) — FanDuel's event-contract app, via an FCM co-owned with CME Group, onto CME and Crypto.com.
- [Gemini Predictions](https://predictionmarkets.tools/tools/gemini-predictions.md) — A crypto exchange's own CFTC-designated venue for event contracts, paid in dollars.
- [Kalshi](https://predictionmarkets.tools/tools/kalshi.md) — A CFTC-designated exchange for event contracts, settled in dollars against named sources.
- [Polymarket US](https://predictionmarkets.tools/tools/polymarket-us.md) — Polymarket's CFTC-designated US exchange — dollars, KYC, and no on-chain oracle.