With sports prediction markets becoming more popular, they’ve begun to be recognized as legitimate competition to traditional online sportsbooks. Not to be outdone, the “the Crown Is Yours” operator has plans for its latest product called DraftKings Predict. This sports exchange is set to be a major addition to the core sportsbook, casino, and daily fantasy products that the brand currently operates.
Considering just how much the company has already accomplished, I expect this launch to make an impact quickly if and when it’s finalized.
While plenty is still unknown about the potential launch of DraftKings Predict and its promo code, it’s always best to be as prepared as possible, so let’s talk about some of the things that new users should know before creating a DraftKings Predict account to participate.
DraftKings Predict Promo Code Info
There’s a good chance that DraftKings Predict will have a welcome bonus to entice new users and stand out from the prediction exchanges that seem to keep popping up. Stay tuned for promo code info, as using a code at registration will ensure you get the best deal.
 DraftKings Predict Promo Code | Coming Soon! |
 DraftKings Predict Welcome Bonus | Coming Soon! |
 DraftKings Predict Launch | TBA |
 Last Verified | March 2025 |
 Legal States | TBA |
In the meantime, check out the DraftKings Sportsbook promo code.
New Information on DraftKings Predict
We don’t yet know when DraftKings Predict will be officially brought to market, but it’s looking more and more like a guarantee that the time will come. It officially registered with the National Futures Association (NFA) in July 2024, a major step on the path to a launch.
While sports betting has become increasingly legalized in different states, brands are interested in exchanges because they’re even more widely available and allow them to tap into new customer bases.
Sports prediction markets have also become much more popular in recent years due in large part to the success certain sites experienced around the 2024 US Presidential Election. In addition to politics, many of these sites have included markets for pop culture, news events, and yes, sports.
So what does all of this mean for DraftKings Predict? What exactly are sports prediction markets, and how do they work? Let’s go over some of the key facts and then get into how things might work when DraftKings Predict launches.
What Are Sports Prediction Markets?
Sports prediction markets are similar to online sportsbooks in the sense that they give you the opportunity to win, or lose, real money based on your projections on sporting events, but the mechanics and legalities are different.
These platforms allow you to invest in a certain outcome based on a market-set price, with a payout coming your way if you make the right call. Users have various choices for investing in outcomes, providing flexibility and catering to different strategies.
Let’s look at a baseball example. Perhaps you think the New York Yankees will win the World Series. If 15% of the money in the World Series market is on the Yankees, you can buy a contract of the Yankees to win the World Series at a price of approximately 15 cents.
What exactly do you get from this contract? If the Yankees don’t win the World Series, you get nothing. If they win, this contract will yield exactly one dollar, as do all contracts. In this case, that means you’ll get 85 cents net out of your 15-cent investment. You can buy more than one contract, allowing you to earn far more than a few cents per prediction.
If the Yankees make a big acquisition at the trade deadline, or a top competitor like the Dodgers gets some bad injury news, more money might flow toward the Yankees. Near the end of the season, 25% of the money in the market could be on the Yankees, which would make their price 25 cents.
In this case, one contract would still yield a dollar should they win the championship, but now, 25 cents of that dollar is a return of your investment while the remaining 75 is your return.
The Kalshi referral code is another bonus related to sports trading.
What Sports Could I Use on DraftKings Predict?
Of course, since the product hasn’t been finalized just yet, it’s hard to say exactly what sports will be available through DraftKings Predict. However, there are a few we can more or less rely upon to be there, based on what is offered both by other major prediction market sites and the company’s own sportsbook.
The most popular major sports leagues in North America are: MLB baseball, NFL football, NBA basketball, and NHL hockey. It’s very likely that the biggest individual sporting competitions, like boxing, MMA, and motorsports, will be available as well.
Other Popular Markets for DraftKings Predict
One contentious topic in the world of betting and predictions has been the legality and availability of college sports markets. It’s not yet clear whether users in all states will be able to make predictions on a college football or college basketball game of their choice, but it’s possible that these will be options.
Beyond games, users should expect DraftKings Predict to offer markets for things like championships and awards, as these long-term predictions have long been among the most popular due to the fascinating price changes over time.
The Crypto.com promo code unlocks access to markets similar to DraftKings Predict’s.
How to Claim the DraftKings Predict Sign Up Bonus
Naturally, it’s not possible to sign up for DraftKings Predict yet, so we don’t have much information about the potential sign-up process. However, we can have a good idea of what to expect based on what new users currently go through with other prediction sites and the company’s existing products.
Let’s take a look at what the sign-up process might look like with DraftKings Predict:
- Download the DraftKings mobile app for the prediction product or visit the website. From there, you’ll be prompted to create a new account.
- Input personal information such as your full name, date of birth, and social security number to confirm your eligibility to participate. You also might need to agree to the usage of geolocation software.
- If there’s a DraftKings Predict promo code, this is when you’ll enter the promo code.
- With all of your information entered and confirmed, agree to terms and conditions and launch your account.
- With a new account, the first move is to link a payment source and make a deposit so you can invest.
You’ll also have to keep the promo code’s terms and conditions in mind. Important terms may include bonus expiration dates, minimum deposit amounts, etc.
DraftKings Predict Timeline
The situation surrounding the DraftKings Predict launch is certainly a dynamic one, so let’s take a look at how we got here and where things might be going in the future. Here’s an overview of the key dates in the process so far, as well as some confirmed future dates.
- July 2024: DraftKings Predict files for registration with the National Futures Association (NFA), an entity that regulates such trades
Our guide on the Robinhood promo code for sports trading also has a timeline to track the exchange’s progress to fruition.
DraftKings Predict Regulations: Is It Legit?
While prediction markets are distinct products from the online sportsbooks with which users might be more familiar, legal ones are still highly regulated, making them safe for users to trust with their money and information. Two-factor authentication is also crucial for enhancing user security on these platforms.
When DraftKings Predict does launch, it will do so as a financial platform that is regulated and closely supervised by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Financial Industry Regulatory Authority (FINRA). They have also registered with the National Futures Association (NFA).
Legality of Prediction Markets and Legal Sports Betting
Prediction markets have come up against legal battles in some locations, with different sites dealing with more or less issues than others, but in general, they’re legal in most states.
As far as DraftKings Predict itself, we’ll certainly keep you up to date as more becomes clear about the legality of the platform, but we do expect it to be available in the majority of states when the time comes. This would allow the brand to reach users that do not currently have access to the sportsbook itself, a very meaningful benefit for sports fans in certain states.
Prediction exchanges like DraftKings Predict tend to be more widely legalized than the best DFS sites as fantasy sports are regulated differently.
Banking Experience of DraftKings Predict
It’s very likely that DraftKings Predict users will have access to a similar array of banking choices compared to what’s currently offered by the sportsbook.
The most popular methods include credit and debit cards, PayPal and other digital wallets, online banking, and wire transfers, providing many options for depositing and withdrawing funds. Keep an eye out for official news on what will be compatible with the prediction service.
Banking at DraftKings Predict should be a much more reliable experience than it would at an offshore exchange like Polymarket.
DraftKings Predict Customer Service
While we don’t know exactly what resources will be specifically connected to the Predict product, the company’s current customer service team has a reputation for being one of the best in the online sports betting industry. The site’s help center is full of information that can assist users in troubleshooting challenging situations, as well as a 24/7 live chat option.
If you’re dealing with a gambling problem or simply interested in learning more about responsible gaming, DraftKings Predict will likely offer plenty of information through a center specifically devoted to the topic. There are plenty of tools users can access to keep their habit a safe and responsible one, such as limits and time-outs.
If these resources are insufficient, you can always call 1-800-GAMBLER for 24/7 support, visit GamTalk.org for online assistance, or even visit a Gamblers Anonymous meeting.
Final Thoughts on the DraftKings Predict Promo Code
The highly anticipated DraftKings Predict might soon be available for sports trading. Through this platform, users will be able to invest in future outcomes of sports games, championships, and more, with a market-based pricing system.
While we’re not sure what DraftKings Predict promo might be available for the launch, it’s highly likely that one will be made available to users.
If you’d rather join a predictions exchange that’s focused on social gameplay, there’s the Manifold promo code.
DraftKings Predict Promo Code FAQs
While we hope that you’ve learned plenty about this exciting new product and the potential associated welcome offer, we understand that you might still have a few questions on the matter.
To this end, we’ve compiled a few of the most frequently asked questions about DraftKings Predict and answered them below for your convenience.
What is DraftKings Predict?
DraftKings Predict is going to be a sports prediction market distinct from the brand’s sportsbook, a new product set to complement the others currently available through the operator’s app. This means that users will be able to access different contracts on sports events, ones based directly on the amount of money on each side of the market.
When is DraftKings Predict available?
As the launch of the product itself is far from finalized, we don’t have a start date yet, although optimistic predictions state that it could come in 2025.
What is the DraftKings Predict promo code?
We aren’t quite sure what the code itself will be, but we do expect some sort of DraftKings Predict bonus to be available for new users. We’ll include more information about the promo for the prediction product when it’s made available, so keep checking back for any updates.
How do sports event contracts work?
When you make predictions using event contracts, you’re buying a share of the total money invested, except it only pays out if a certain outcome (the one you projected) happens. This means that the price and implied odds you get on any given prediction are essentially a direct function of how much money other users have invested on each side.
How can I use DraftKings Predict?
Right now, you can’t use it at all, as the product has not been launched, but we will provide more information on how to engage with this exciting new offering from DraftKings when more details are set in stone.
Do I pay taxes and fees on sports contracts?
Yes, if your net profit over the course of a year is high enough, you will have to pay taxes. If you end up running a net loss, it may end up decreasing your taxable income. Be sure to consult a tax professional before incorporating your sports contracts winnings or losses into your tax return preparation, especially if you’re unsure of what to do or if it’s your first year doing so.
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