DraftKings Launches Predictions App Under CFTC Oversight, Expands Reach
DraftKings has launched a standalone predictions app. According to reports, the app will operate under the oversight of the Commodity Futures Trading Commission (CFTC). This strategic move allows DraftKings to offer event contracts in states where online sports betting is still prohibited. By introducing this predictions app, DraftKings aims to expand its reach without directly challenging existing state gaming laws. The development represents a novel approach to engaging users in states with restrictive online sports betting regulations.
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