The Block••1 min read
DraftKings Launches Predictions App Under CFTC Oversight, Expands Reach
The Signal TakeNeutral
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.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
Aerodrome is turning liquidity into a prediction market with its biggest upgrade yet
CoinDesk•3h ago
SEC's big swing to clear tokenization path isn't likely to get resilience of full rule
CoinDesk•4h ago
Ethereum can quantum-proof accounts for just 7 cents, says Ethereum's Kohaku lead
Cointelegraph•4h ago
Pokémon Card Sales Are Surging on Crypto Platforms—Just Don't Call It Gambling
Decrypt •5h ago