DraftKings launches its own prediction markets exchange as consumer volume exceeds $3 billion

The Block·

DraftKings launches its own prediction markets exchange as consumer volume exceeds $3 billion

60-second summary

DraftKings is launching its own prediction markets exchange, driven by its successful prediction markets vertical which has generated approximately $3.4 billion in annualized consumer volume, exceeding $3 billion. This move leverages the company's existing user base and expertise, potentially expanding its offerings and further solidifying its position in the rapidly growing online gaming and betting market.

The company said its prediction markets vertical has generated approximately $3.4 billion in annualized consumer volume.