Major Move in Prediction Markets: Sports Betting Platform Enters Event Trading

DraftKings, the established sports betting operator, just rolled out DraftKings Predictions—a CFTC-regulated application that enables users to trade positions on real-world events. This represents a significant expansion beyond traditional sportsbook models into the prediction market space. The CFTC approval marks a turning point for mainstream financial platforms venturing into event-based derivatives and outcome trading. Users can now engage with prediction markets through a compliant, regulated interface, bringing institutional-grade infrastructure to what was previously a niche sector. This move signals growing institutional interest in prediction markets as a legitimate asset class, bridging the gap between traditional finance and decentralized prediction mechanisms.