DraftKings Predictions Launches in 38 States [Yahoo! Finance]
CME Group Inc. - Class A (CME)
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Source: Yahoo! Finance
“I think it's a transformational moment for the prediction markets overall,” said Jeanine Hightower-Sellitto, senior vice president of Predictions, in an interview with Covers Key Takeaways DraftKings Predictions launched in 38 states, offering sports event contracts in select markets and non-sports contracts where its sportsbook operates. The CFTC-regulated platform partners with CME Group and will expand with DraftKings-owned Railbird Exchange integration. The launch adds urgency to the prediction market race as regulators scrutinize sports event contracts nationwide. The standalone app and web product will allow users to trade contracts on a wide range of sports events in certain states and other real-world outcomes in finance, entertainment, pop culture, and a host of other areas, per a release announcing the launch. DraftKings Predictions is regulated by the Commodity Futures Trading Commission (CFTC) and will work with derivatives exchange CME Group at launch, with fu
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