DraftKings launches an independent prediction market application regulated by the CFTC.
Sports betting giant DraftKings announced Friday that it has launched a standalone prediction app, officially entering the federally regulated prediction market governed by the U.S. Commodity Futures Trading Commission. The new product, DraftKings Predictions, will allow eligible users to trade contracts for events linked to real-world outcomes, and will initially cover both sports and financial markets. (The Block)
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