DraftKings Predictions strikes deal with Crypto.com
DraftKings has reached an agreement with Crypto.com to expand the range of prediction markets available on DraftKings Predictions, marking a significant step in the platform’s evolution.
The deal introduces the first player-specific sports event contracts on DraftKings Predictions for the NFL and NBA, broadening its federally regulated offering. The partnership also lays the groundwork for future event contract categories, including politics, alongside sports and financial markets.
“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,” Senior Vice President and General Manager of DraftKings Predictions Jeanine Hightower-Sellitto said.
“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 the expansion, DraftKings Predictions will add coverage across a wider range of sports, including soccer, MMA, golf, boxing, tennis and the Olympic Games, complementing its existing markets supported by CME Group.
Crypto.com is also expected to support the rollout of new non-sports event contracts spanning culture and entertainment.
“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,” Global Head of Predictions at Crypto.com Travis McGhee said.
“We are thrilled to work with DraftKings, and we look forward to creating an engaging experience together for customers across the country.”
In addition, DraftKings (DraftKings review) plans to integrate Railbird Exchange in the coming months. DraftKings Predictions is currently available in select states, including California, Florida, Georgia and Texas, and operates under a CFTC-regulated framework with responsible trading tools embedded in the platform.
