According to DraftKings, its collaboration with Polymarket aims to broaden revenue streams and challenge established prediction platforms while initially avoiding sports-related contracts.
According to DraftKings’ official announcement, the company has partnered with Polymarket to facilitate its entry into the regulated prediction market. This strategic move follows DraftKings’ acquisition of CFTC-licensed Railbird Technologies Inc., with the forthcoming 'DraftKings Predictions' platform set to offer non-sports prediction markets. While sports event contracts will be excluded at launch, they remain a potential future addition. The company’s entry could diversify revenue streams and increase competition against existing market players.