DraftKings is a leading brand in the US that’s well-known for its DFS offerings but it has recently launched a peer-2-peer prediction trading exchange too. DraftKings Predictions now joins other prediction market sites where you can trade event contracts.
Top Draftkings Predict Alternative for October
Based on that, we’ve created a DraftKings Predictions review after spending time testing the exchange, looking at its features, and trading event contracts. Below, we discuss our findings, including important things like regulatory compliance, the types of supported prediction markets, and the site usability to see how it ranks against other similar operators.
Details
Available Languages
en
Accepts Customers from
US
Show States
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY
Reviewing the Core Features of DraftKings Predictions
The first things we looked at while researching DraftKings Predictions were what we call the core features – these are essential things that point towards the exchange being legitimate, such as regulatory oversight, customer support, and security.
DraftKings Predictions Follows CFTC Regulations
The company responsible for operating the trading exchange is GUS III LLC d/b/a DraftKings Predictions. This entity is registered with the CFTC (Commodity Futures Trading Commission), and a member of the National Futures Association (NFA). We had no concerns about the legitimacy of the brand, and they provide all relevant trading disclosures so customers are fully aware that there is the potential for zero returns from your prediction trades.
The Site and Apps Have Industry-standard Security
Having prior experience with other DraftKings products, we were not concerned about security. However, we were diligent and checked for features such as SSL anyway. This is present, and when we wrote this DraftKings Predictions review, there was an active SSL certificate provided by DigiCert Inc. Other features included a responsible trading guide, full trading fee disclosure, privacy notices, and risk disclosures.
There Is a Solid Range of Payment Methods
We had no problems banking at DraftKings Predictions, and as far as we could see, they accept the same range of payment methods as their other site sections. This should include debit cards such as Visa, Mastercard, and AMEX, bank transfer via ACH, PayPal, Venmo, Apple Pay, and Wire Transfer. The minimum deposit and withdrawal limits are $5, and the withdrawals we made were processed within 1-3 business days depending on the method. Please be aware that there could be variances in available payment methods based on your state.
Customer Support Is Readily Available
The DraftKings Predictions support availability is essentially the same as the brand’s other sections and you benefit from the same variety, fast response times, and quality. To start, there is a dedicated page that explains the trading process which we think is great for beginners. However, if you need actual assistance, you can use the live chat or email, and both have solid response times comparable to other sites we have tested.
What Prediction Markets Can You Trade at DraftKings Predictions?
DraftKings Predictions has a diverse selection of prediction markets, including the following categories:
We noticed that currently, the main emphasis is the sports predictions. There are far more sports predictions to choose from compared to the event predictions for things like the stock market and politics. This is an area for improvement, especially when you look at the
Kalshi prediction markets, for example.
We were impressed with the individual predictions available for sporting events, and you can trade much more than predictions for the outcome of a match. For example, we looked at some of the NBA prediction markets, and for most of the games they had additional predictions for markets like total points scored and points spreads.
For other event predictions, the crypto markets are perhaps the most intriguing. At the moment, DraftKings offers predictions for Bitcoin and Ethereum, but for both of them, you can trade 5 minute and 20 minute price predictions which can be great for your short term trading plan. Similarly, we like that you can trade on the actual indexes of popular stock exchanges such as the S&P 500 and Nasdaq on a daily basis.
If you follow the price of global commodities you may also find this section interesting at DraftKings Predictions. There are predictions for Crude Oil, Natural Gas, Gold, Silver, and Copper, with daily and monthly options for most of the different precious metals.
Diverse prediction markets in US states
Refer a friend to predict with you
DraftKings Predictions Trading Fees
Trading fees are important to understand when looking at prediction exchanges like DraftKings Predictions, as they directly impact the potential trading returns you can make. We researched these for DraftKings Predictions, and were pleased to see that for now, they operate a simple fee structure which is based on the value of your trade contracts, with the more extreme trade contract values having a lower fee:
CDNA Markets
$0.01-$0.19 trade contracts = $0.01 fee.
$0.02-$0.96 trade contracts = $0.02 fee.
$0.97-$0.99 trade contracts = $0.01 fee.
CME Markets
Flat fee of $0.02 per contract per side.
Using the DraftKings Predictions Site
Similar to how research goes for a
Crypto.com review, while testing DraftKings Predictions, we checked the usability to see how easy it was to make trades, browse the prediction markets, and manage your account. The desktop website experience was smooth. It looks like they have updated the graphics, added more modern buttons and navigation, and generally have given the Predict site an overhaul.
The different prediction markets are easy to navigate, as there is a list of sub-categories in a simple left-hand menu. In terms of each individual prediction, compared to other prediction market sites we’ve tested, the information shown is a little basic. For example, there isn’t anything like price graphs to show how the trade contract prices have changed over time. Still, actually placing trade contract orders can be done in a few clicks, and it also shows the trading fees too.
There Are Two DraftKings Predictions Apps
If you prefer to trade on-the-go, there is an Android and iOS DraftKings Predictions app. This is actually a standalone app and not associated with other DraftKings offerings, and it has strong ratings on the relevant stores:
4.4 star rating on the Play Store.
4.8 star rating on the App Store.
We tested both versions of the app and found it just as easy to use as the desktop website – it’s one of the better prediction trading apps we’ve used so far.
Mobile app available on Android and iOS
Desktop website experience is smooth
Promotions at DraftKings Predictions
In this review, we will discuss the basics. To get started, you don’t need a
DraftKings Predictions promo code
to get the sign-up offer. For new customers, there does look to be a welcome bonus where you can get a 100% trade match of up to either $10 or $75 based on your state – you can check the banners on this page for state-specific information on this and other promotions.
We did find a DraftKings Predictions refer-a-friend scheme which looks to have potential. When you register an account with this prediction exchange, you should get a unique referral link or code. You can then give your friend the code or link, and you can get a potential referral bonus if they sign up using your unique identifier, and meet the eligibility requirements. In terms of actual referral bonuses, this can vary depending on the state.
While DraftKings Predictions doesn’t offer many promotions, we think it’s important to think about the context. We found similar situations when creating our
OG app review, for example, and generally, from our experience with prediction trading exchanges, promotions just aren’t as common in prediction market sites. Some of these platforms don’t even have a welcome offer available on hand.
Conclusion – DraftKings Predictions Offers a Versatile Trading Setup
After completing this DraftKings Predictions review, we believe this is one of the better prediction exchanges you can trade at. It helps that DraftKings is already an established brand, with a range of technology and experience to pull from – this has allowed them to create a robust exchange with superb usability, and a sports-focused set of prediction markets that are accessible to both new and experienced traders.
Right now, the main emphasis is sports predictions, and this is something to consider, and we do think that DraftKings Predictions still needs to boost the amount and variety of event predictions it offers if it wants to compete with other operators in this area. However, it already has a quality offering, and we believe it can give you a rewarding trading experience. If you want to try it out, you can click on any of the relevant banners we have on this page.
DraftKings Predictions FAQs
Yes. We are confident that DraftKings Predictions is a legitimate exchange. The actual company responsible for the exchange is GUS III LLC d/b/a DraftKings Predictions, and this is a CFTC-registered broker and a member of the NFA (National Futures Association).
DraftKings Predictions is only available in the US to residents who are over 18. It is NOT available in Maine and New Hampshire. Additionally, depending on your state, you may have limited access in terms of the predictions you can trade. For instance, residents of Tennessee only have access to financial predictions, whereas residents of Texas can trade all available predictions.
No, because you are not doing anything against the House and the platform does not set the odds. Instead, DraftKings Predictions allows you to engage in the trading of predictions with other traders via their peer-2-peer trading system. This process is essentially the same as FOREX or commodities trading, for example.
Diverse prediction markets in US states
Refer a friend to predict with you
Mobile app available on Android and iOS
Desktop website experience is smooth
