DraftKings has launched its own prediction markets exchange, DKeX. The move comes as competition in the event contracts market continues to heat up.
DraftKings has launched its own prediction markets exchange, DKeX.
The platform enters a market where competition among event contracts providers is intensifying.
No additional details on the launch date, features, or operations were provided in the report.
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Charles Schwab is partnering with Cboe Global Markets to offer yes-or-no options contracts on the S&P 500. The move marks the brokerage's entry into prediction markets, with rollout expected in the coming months.
DraftKings disclosed strong early results for its Predictions platform on June 9. The company launched the offering in December 2025 and now reports an annualized trading run rate of $3.1 billion.
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A new platform called Myriad allows users to make predictions on events and markets. The service launched recently with a guide for beginners.
Residents in Hong Kong continue to use platforms like Polymarket and Kalshi for bets on politics and other topics even after official warnings.
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Venture capital firm a16z has filed an 18-page letter backing the Commodity Futures Trading Commission in its disputes with states over prediction markets. The firm argues that federal law preempts state regulations on platforms like Kalshi and Polymarket. It claims state crackdowns undermine the CFTC's mandate for impartial market access.
Crypto exchange Kraken has been named the official crypto exchange sponsor of the FIFA World Cup 2026. The partnership will include fan-focused experiences in the U.S. and Europe.
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A new report from Bitget Wallet and Polymarket shows prediction markets shifting from occasional bets to platforms with daily retail engagement. Trading volumes on Polymarket have surged to over $20 billion monthly in early 2026. The industry is projected to reach $240 billion this year.