DraftKings Expands Prediction Markets to 38 States, Eyes Crypto-Linked Contracts
DraftKings announced a nationwide push for prediction markets with a new app now available in 38 states, a move the company says establishes a regulated pathway for future crypto-linked contracts. By operating inside the U.S. derivatives framework, DraftKings is aiming to combine mainstream gaming and betting experience with structured, rule-based markets that could later support tokenized or crypto-settled positions.
The expansion matters because it bridges traditional regulated gaming infrastructure and nascent crypto derivatives, potentially bringing more institutional and retail liquidity into tokenized markets once permitted. For regulators and competitors, the rollout will be a test case: can established U.S. platforms offer innovative crypto features while meeting strict compliance standards? Market participants should watch for follow-on product filings and pilot programs that indicate how quickly DraftKings will move from prediction markets to crypto-linked contracts.