DraftKings Set to Challenge Polymarket and Kalshi in Prediction Markets Sector

^{Pictured: Jason Robins, CEO of DraftKings}

DraftKings Predict has been registered as a pending member of the National Futures Association (NFA), signaling the U.S. sports betting giant’s intent to expand into the growing world of prediction markets. As reported by Next.io, this move would place DraftKings in direct competition with platforms like Polymarket and Kalshi.

Registration details for DraftKings Predict link the new entity directly to DraftKings, listing the bookmaker’s headquarters as its official address and using the same contact number. Additionally, DraftKings CEO Jason Robins and co-founder Paul Liberman are named in the registration documents.

Prediction markets, which function similarly to traditional betting, are an attractive business segment due to differences in U.S. regulations.

While the sports betting industry operates under state-by-state laws, with some states yet to legalize wagering, platforms like Kalshi have the advantage of operating on a federal level, making them accessible in all 50 states.

Robins has previously suggested that prediction markets could help expand the betting industry.

The NFA is a self-regulatory organization overseeing derivatives trading in the U.S., which includes prediction market platforms. To operate in this sector, firms must register with the Commodity Futures Trading Commission (CFTC), which in turn requires membership in the NFA.