DraftKings Expands Prediction Markets Catalog in Deal With Crypto.com

Rhea-AI Summary

DraftKings (Nasdaq: DKNG) announced an agreement with Crypto.com to expand DraftKings Predictions by adding the first player-specific NFL and NBA event contracts, broader sports markets, and new categories such as culture, entertainment, and politics. The platform will also integrate Railbird Exchange in coming months.

The expansion leverages a CFTC-regulated exchange connection and aims to increase prediction market breadth in states where the product is available while keeping Responsible Trading tools integrated.

Market Reality Check

Price: $26.62 Vol: Volume 15,551,444 vs 20-d...

normal vol

$26.62 Last Close

Volume Volume 15,551,444 vs 20-day average 15,087,558 (relative volume 1.03x) shows only slightly elevated trading. normal

Technical Shares at $25.52 are trading below the 200-day MA of $37.31 and sit 52.4% under the 52-week high of $53.61.

Peers on Argus

DKNG fell 6.31% while key gambling peers like FLUT, SGHC, LNW, RSI, and CHDN dec...

1 Up

DKNG fell 6.31% while key gambling peers like FLUT, SGHC, LNW, RSI, and CHDN declined a milder ~2–4%, pointing to a more stock-specific move rather than a uniform sector drop.

Historical Context

5 past events · Latest: Jan 26 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 26	Earnings scheduling	Neutral	+2.0%	Announcement of Q4 2025 results date and upcoming Investor Day webcast.
Dec 19	Product launch	Positive	+0.1%	Launch of DraftKings Predictions app under CFTC oversight across 38 states.
Nov 25	Product expansion	Positive	+7.6%	Rollout of Spanish-language sportsbook and casino app experience in North America.
Nov 24	Market expansion	Positive	-1.8%	Approval and launch plan for mobile sports wagering operations in Missouri.
Nov 18	Award recognition	Positive	+1.9%	CEO named 2025 C-Suite Executive of the Year by American Gambling Awards.

Pattern Detected

Product and market expansion news has often coincided with positive next-day moves, though not uniformly so.

Recent Company History

Over the last few months, DraftKings has highlighted platform expansion and product innovation. Launch of the standalone DraftKings Predictions app and new market entries like Missouri mobile wagering generally saw positive or modest price reactions, with a notable 7.57% gain on the Spanish-language app launch. One divergence occurred when Missouri launch news coincided with a -1.83% move. Today’s expansion of prediction markets with Crypto.com extends this recent theme of broadening offerings and customer reach.

Market Pulse Summary

This announcement extends December’s launch of DraftKings Predictions by adding a CFTC-regulated Cry...

Analysis

This announcement extends December’s launch of DraftKings Predictions by adding a CFTC-regulated Crypto.com connection, enabling player-specific sports contracts and laying groundwork for politics and other categories. It reinforces a recent trajectory of product and geographic expansion across prediction markets and sports wagering. Investors may track customer adoption of the standalone app, breadth of new markets added, and any follow-on regulatory or competitive developments that affect usage and monetization of these event contracts.

Key Terms

cftc-regulated, derivatives exchange, event contracts, cryptocurrencies

4 terms

cftc-regulated regulatory

"integrating additional CFTC-regulated exchanges like Crypto.com"

CFTC-regulated means a trading firm, exchange, broker, or derivatives product is overseen by the U.S. Commodity Futures Trading Commission, the federal agency that sets rules for futures, options and certain swaps. Think of it like a referee enforcing rules and record-keeping: regulation requires transparency, financial safeguards and reporting that help reduce fraud and operational risk, giving investors clearer information and legal protections when trading regulated derivatives.

derivatives exchange financial

"a global cryptocurrency platform and CFTC-regulated derivatives exchange"

A derivatives exchange is a regulated marketplace where people buy and sell contracts whose value is based on something else—like stocks, bonds, commodities, interest rates or currencies. Think of it like an organized marketplace for insurance policies or bets tied to the future price of an asset; it matters to investors because it provides tools to manage risk, express views with less capital, and creates visible prices that influence broader markets.

event contracts financial

"federally regulated event contracts, including sports event contracts in states such as"

Contracts whose payment or settlement depends solely on whether a specific, predefined event happens or not — for example a drug approval, a corporate takeover, a loan default, or a weather disaster. Think of them like a focused bet or insurance policy: investors can use them to take a targeted position, hedge exposure, or speculate on an outcome without owning the underlying company, and their results can rapidly change an investor’s gains, losses and risk profile when the event occurs.

cryptocurrencies financial

"prediction markets on cryptocurrencies, financials, companies, politics, culture"

Cryptocurrencies are digital forms of money or tokens secured by cryptography and recorded on shared digital ledgers, like a public spreadsheet that many computers maintain together. They matter to investors because their market values can swing widely, can act as speculative investments or portfolio diversifiers, and are exposed to unique risks such as regulatory changes, cybersecurity threats, and adoption shifts that can quickly affect prices.

AI-generated analysis. Not financial advice.

New exchange connection brings first player-specific sports event contracts to DraftKings Predictions

BOSTON, Feb. 06, 2026 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced an agreement with Crypto.com | Derivatives North America (“Crypto.com”), a global cryptocurrency platform and CFTC-regulated derivatives exchange, to broaden the prediction markets available on DraftKings Predictions. The expansion marks the first player-specific sports event contracts offered on DraftKings Predictions for both the NFL and NBA, extends the platform’s prediction markets offerings, and establishes the foundation for future categories, including politics.

“We’re continuing to build momentum behind DraftKings Predictions by leveraging our expertise across sports and technology and integrating additional CFTC-regulated exchanges like Crypto.com,” said Jeanine Hightower-Sellitto, Senior Vice President and General Manager of DraftKings Predictions. “This collaboration meaningfully expands customer access to trade on sports and a broader range of prediction markets and also reinforces our focus on delivering a more comprehensive and engaging experience as the product continues to evolve.”

As part of this expansion, DraftKings Predictions adds breadth across sports prediction markets in the states where the product is available, spanning soccer, MMA, golf, boxing, tennis, and the Olympic Games, to complement the existing sports and financial markets provided by CME Group. In addition to the wider scope of sports prediction markets, Crypto.com is expected to support DraftKings Predictions’ introduction of new event contract categories, including culture, entertainment, and politics. Additionally, DraftKings Predictions will integrate Railbird Exchange in the coming months, further strengthening its offering.

“Crypto.com continues to lead the way with innovative collaboration. Connecting with DraftKings, a household name in sports, is an important milestone for us because it allows us to not only expand access to prediction markets in sports, but it grows our distribution to prediction markets on cryptocurrencies, financials, companies, politics, culture, entertainment and beyond,” said Travis McGhee, Global Head of Predictions at Crypto.com. “We are thrilled to work with DraftKings, and we look forward to creating an engaging experience together for customers across the country.”

DraftKings Predictions allows eligible customers to make predictions through federally regulated event contracts, including sports event contracts in states such as California, Florida, Georgia, and Texas. The platform also integrates DraftKings’ Responsible Trading program with tools and resources available directly within the standalone app and at predictions.draftkings.com.

Customers can experience DraftKings Predictions and learn more by downloading the app for iOS or Android.

About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. The company is headquartered in Boston and was launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Ontario, Canada, and Puerto Rico. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, the District of Columbia and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our games responsibly.

About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Crypto.com | Derivatives North America (CDNA) is an affiliate of Crypto.com and is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization; CDNA offers the trading and clearing of sports prediction market contracts, as well as prediction market contracts on cryptocurrencies, financials, companies, politics, culture, and entertainment, including through intermediaries such as DraftKings Predictions.

Contacts
media@draftkings.com
@DraftKingsNews

press@crypto.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c173f1b0-6ff8-47fd-9261-0a050df1aa5f

FAQ

What did DraftKings (DKNG) announce about player-specific NFL and NBA contracts on Feb 6, 2026?

DraftKings announced it will offer the first player-specific NFL and NBA event contracts on DraftKings Predictions. According to the company, the addition expands contract granularity and represents a new category of sports prediction markets available where the product is permitted.

How does the Crypto.com deal affect DraftKings Predictions' market offerings for DKNG?

The Crypto.com agreement broadens DraftKings Predictions' exchange connections and market diversity. According to the company, integrating a CFTC-regulated Crypto.com exchange enables more sports and non-sports categories, including politics, culture, and entertainment.

In which states is DraftKings Predictions available for DKNG customers after the expansion?

DraftKings Predictions is available in select states including California, Florida, Georgia, and Texas. According to the company, eligible customers in those states can access federally regulated event contracts and the expanded prediction markets.

What new market categories will DraftKings Predictions introduce following the Crypto.com partnership for DKNG?

DraftKings expects to add culture, entertainment, and politics event contract categories as part of the expansion. According to the company, Crypto.com support will help enable broader categories beyond sports and financial markets.

Will DraftKings Predictions integrate other exchanges like Railbird, and what does that mean for DKNG users?

DraftKings Predictions will integrate Railbird Exchange in the coming months to strengthen offerings. According to the company, this integration aims to expand access and diversify event contracts available within the standalone Predictions app.