• The app is available in 38 states, including California, Texas, and Florida, which are known for having strict rules.
• The CFTC (Commodity Futures Trading Commission) keeps a close eye on the platform, which sets it apart from regular sportsbooks.

DraftKings Predictions, a standalone smartphone app for trading real-world outcomes, is now available. Event contracts are traded, not “betting” in the classic sense. The CFTC regulates these markets, so they can operate where regular sportsbooks cannot.

DraftKings’ Chief Product Officer, Corey Gottlieb, called this release a “major milestone” that finally taps into customers’ appetite for a regulated, safe method to participate.

This federal certification offers safety and transparency that offshore sites cannot match. DraftKings, a National Futures Association member and Introducing Broker, is offering this service. This implies your assets and trades are treated like Wall Street investments.

DraftKings is known for sports, but this app is broader. The app links to the CME Group exchange at launch, allowing contract trading on:

• Sports Outcomes: Who will win the big game?
• Financial Indicators: Will the S&P 500 go up or down today?

The company has also said that they plan to use technology from Railbird Technologies, which they just bought. This upgrade will eventually make it possible to enter the “Entertainment and Culture” markets. Soon, it will be just as easy to trade on Oscar winners or viral pop culture events as it is to trade on football. To celebrate the launch, DraftKings announced a promotion giving customers a chance to win $1 million through the new platform.

Legal Notice: This news is written for informational purposes only and should not be considered investment advice.