DraftKings to scale Predictions platform across US states

DraftKings plans to expand its event-based wagering product DraftKings Predictions over the next year after launching it last December in 38 states, including California, Florida, Georgia, and Texas, where traditional sports betting is not legal.

CEO Jason Robins said the company sees a large incremental opportunity in the Predictions segment and will deploy growth capital to improve customer experience and attract millions of users, according to the latest quarterly report.

The standalone predictions app operates under oversight of the Commodity Futures Trading Commission and allows users to wager on real-world event outcomes, mainly sports-related. The rollout was supported through a partnership with Crypto.com.

DraftKings issued 2026 revenue guidance of $6.5–$6.9 billion, partly reflecting increased investment in Predictions, which contributed to a roughly 15% after-hours drop in its share price. Prediction markets have grown quickly since the 2024 US election cycle, led by platforms such as Kalshi and Polymarket.