DraftKings Predict Promo Code March 2025
With Polymarket and Kalshi getting so much attention in the press, it was only a matter of time until an established sports betting operator jumped into the prediction market space.
DraftKings Predict is the sports betting operator’s answer to exchange platforms that offer alternatives to traditional betting. We can safely assume that sporting events will be part of their offerings, but other markets on pop culture and politics could also be in the mix.
I’m eager to highlight what we can expect from the new prediction-focused venture, including the potential DraftKings Predict promo code and welcome offer. I’ll also discuss potential roadblocks in DraftKings Predict’s path to offering prediction market offerings to its already-devoted user base.
Key Details of the DraftKings Predict Promo Offer
DraftKings Predict isn’t live yet, so we still have limited details on its promo code and signup bonus. Considering that its other products offer everything from bonus bets to casino credits, there’s a good chance that its predictions market will also welcome users with a nice reward. Check back for the latest updates:
| ⭐ DraftKings Predict Promo Code | Stay tuned! |
| 💰 DraftKings Predict New User Bonus | Stay tuned! |
| 📝 DraftKings Predict Launch Date | Possibly 2025 |
| ✅ DraftKings Predict Legal States | TBD |
| 📅 Promo Last Verified | March 31, 2025 |
While we wait for the DraftKings Predict promo, consider claiming the Kalshi promo code.
DraftKings Predict to Offer Sports Prediction Markets
DraftKings Predict recently registered its name with the American Futures Association to offer sports prediction markets. This way, the company could reach more users beyond its traditional sportsbook.
Prediction markets are fast becoming one of the most exciting markets in the online wagering industry. This sector is growing because it can apply investment thinking to sports games and other events.
Platforms like PredictIt, Kalshi, and Polymarket were among the first to come onto the scene. Inital offerings were economics, politics, and pop culture, but as the user base grew, these up-starts began offering event trading on sports.
Prediction sports markets are similar to gambling as you can invest money into a prediction (such as whether a team will win a championship) and receive a payout if you’re correct. Despite the similarities, predictions and actual gambling are regulated differently, with the former being more widely available.
Understanding Sports Prediction Contracts
In Predict markets, traders can speculate on political and economic events, pop culture outcomes, and stories in the news. You can speculate on almost anything in a prediction market, including Predict sports markets, which allow users to trade on major sporting events.
Prediction markets are decentralized by design. Early prediction markets were big proponents of blockchain technology, which added to their allure. With crypto and blockchain pushing into the mainstream, these markets began to be seen as a source of information to help us better understand our world.
Traders from major financial firms like Goldman Sachs were inspired to create new platforms that mimicked the original blockchain markets but for a broader, more mainstream audience.
Yes/No Questions
Sports prediction contracts, like event contracts offered on other prediction markets, are usually framed as yes or no questions. You are not wagering on outcomes specifically; you are speculating on the likelihood of an event outcome being yes or no in the way you predict.
The question, for sports, usually looks something like this:
- Round of 8 qualifiers men’s college basketball: Alabama 67%, BYU 33%
The percentage assessment given by the prediction market is the likelihood of the outcome happening, which is determined by the trades already placed on the event. In this case, Alabama looks like a clear favorite, and anyone who wants to speculate on the less probable outcome of the game could have a nice payout if the outcome goes their way.
Initially, sports prediction markets only allowed the opportunity to predict the outcomes of big events, like the Super Bowl or the championship outcome of a sports season. It’s slowly expanding into individual games, and by the time DraftKings Predict rolls out, it should continue to expand its offerings.
DraftKings Predict Available Sports Markets
DraftKings Predict NFL, DraftKings Predict NBA, DraftKings Predict NHL, and DraftKings Predict MLB could soon become available, offering users the chance to trade on outcomes in their favorite leagues.
It’s unclear what DraftKings Predict will offer for sports trading. Based on existing offerings at competitors, we can expect DraftKings Predict to offer all four major American team sports. Other possibilities include tennis, golf, soccer, and Formula 1. If DraftKings Predict goes beyond sports markets, it could become one of the best political trading sites.
The Crypto.com promo code offers markets similar to what DraftKings Predict may have.
Signup Process for DraftKings Predict
DraftKings Predict is a ways away, but the sign-up process should be similar to other prediction markets. It will look something like this process:
- Register: To create an account, you’ll need a unique email address or may be able to authenticate using Apple or Google.
- Verify your identity: Most prediction markets require users to be at least 18 years old and provide their valid U.S. ID and Social Security Number.
- Fund your account: Deposit methods vary per site, but you can expect all the most common sports betting deposit options. Crypto options are possible based on competitor offerings.
- Begin trading: Decide which NFL, NBA, or other markets you want to trade on and select yes or no.
DraftKings Predict App Review
While DraftKings Predict does not have the beginnings of an app framework at this time, it will likely offer a mobile version to go along with the desktop version of the site.
The company has a successful history with its mobile apps. They are well-rated in both app stores and frequently praised by users for being fast, having a pleasant user experience, and incorporating new features without sacrificing quality.
I’m not sure if the operator will throw its exchange in the same app it currently houses its sportsbook and casino or create a dedicated app like it did for its DFS and Pick6 offerings. Only time will tell, so stay tuned for updates.
If you want to explore one of the company’s current apps, be sure to sign up with the DraftKings promo code.
DraftKings Predict News Timeline
DraftKings Predict is a product that is just getting into development, so it could be a while until we see it live.
- July 30, 2024: DraftKings CEO Jason Robins registers an entity called “DraftKings Predict” with the National Futures Association. This move is seen as the sports betting giant showing their interest in establishing a prediction market.
Check back for the latest developments!
DraftKings Predict Launch Date
At the time of writing, there is no potential launch date for DraftKings Predict. The brand’s move to register with the National Futures Association in July 2024 was the first in a series of moves that must be cleared for DraftKings Predict to take action from traders.
Potential DraftKings Predict users should anticipate a long runway before it goes live. Given the constant back-and-forth that other prediction markets have faced with regulatory bodies like the CTFC checking their every move into expanding market trading (we’re looking at you, Robinhood), it’s safe to assume that the product would not be live for the general public until later this year or even further out.
Existing Successful DraftKings Properties
DraftKings is one of the most well-established sports betting operators in the United States. Their potential expansion into prediction markets would be another property to add to their portfolio of online products.
- DraftKings Sportsbook: DraftKings Sportsbook is one of the most prominent sportsbooks in the post-PAPSA United States. The diversity of offerings, frequent promotions, and the deepest player props market in the online sportsbook world make this one of the best online sports betting experiences today.
- DraftKings Pick6: Another product developed to counter upstarts trying to corner a niche market of the fantasy sports world, DraftKings Pick6 competes against PrizePicks and Underdog. In this game, players select a lineup of six athletes and decide whether or not they will beat the projection assigned to them that night. The more matches you hit, the more you win.
- DraftKings Casino: While online casino games haven’t caught on as much as sports betting, DraftKings has an online casino product for the people and states looking for them. With tons of live dealer games, hundreds of slot games, and promotions that cut across their products, DraftKings Casino can introduce you to some nice table games from the comfort of your phone.
- DraftKings DFS: DraftKings DFS introduced salary cap-based fantasy games to the general masses, planting the seeds for sports betting to follow in its footsteps. There are many ways to play at DraftKings DFS, from head-to-head match-ups against friends to beating out a field of two thousand other competitors (or more) in a big field guaranteed prize pool tournament.
- DK Horse: Horse racing used to be considered the sport of kings, but it has lost street cred over the years. DraftKings has tried to pump life into the sport by creating DK Horse, a standalone app for betting on horse races.
Recent Emergence of Popular Event Markets
Prediction markets are a trend of people eschewing expert opinions; instead, they rely on crowd-sourced wisdom. They can be a great tool for interpreting how people view an issue.
Prediction markets were generally an underground concept originally built on blockchain and, therefore, untraceable. As they’ve emerged into the light of day, they’re becoming effective tools that everyone from financial analysts to political pollsters use to inform their decision-making.
Because they offer so much power to tap into the collective opinion on certain topics, there’s been lots of regulatory struggle with government bodies legalizing them. The Trump administration has demonstrated that it will not regulate this new sector aggressively, signaling this by adding a board member of Kalshi to the CFTC, the regulatory body that oversees prediction markets.
With a relatively simple framework based on yes/no questions, it’s easy to see how people can get swept up into prediction markets and use them to better understand the world around them.
Are Predictions Markets Like DraftKings Predict Legal?
Prediction markets are a form of speculation that has emerged from the digital underground and into the mainstream. For years, prediction markets existed in various formats illicitly online, usually fueled by untraceable Bitcoin transactions.
This underground community eventually bled into the start-up world, with traders from major brokerage houses starting prediction markets like Kalshi and Polymarket via their experiences managing uncertainty for their clients.
Armed with a team of lawyers and prepared to challenge regulatory efforts, exchanges breathed a sigh of relief when newly elected President Trump signaled that he wouldn’t regulate the emerging market strictly, and top prediction markets began expanding their offerings.
To be legal, DraftKings Predict will need to obtain status as a registered derivatives market. As long as DraftKings Predict abides by federal and state regulations, it’ll be a part of an emerging market that is getting lots of attention.
Taxes and Regulations for DraftKings Predict
With taxes, DraftKings Predict should be treated similarly to how you treat taxes for the stock market. Since prediction markets are more like traditional financial markets, you should consider the gains & losses as tax liabilities.
Like any financial market, profits and losses must be tracked carefully and reported on your taxes. Record keeping is essential to accurate financial reporting.
Responsible Gaming at Prediction Markets
For any form of investing, it’s important to approach investing with a long-term mentality and a tolerance for short-term discomfort. And considering that a sports exchange like DraftKings Predict has elements similar to sports betting, you should prioritize responsible gaming.
Chasing losses in the marketplace is always a frequent temptation; all speculative investors should follow common sense guidelines to ensure they’re investing in the best possible frame of mind.
- Have a plan for what you’re going to invest in.
- Only invest when you’re properly rested, alert, and prepared.
- Put reasonable limits on yourself: set a stop/loss for each session or a fixed amount of time spent on the site that day.
- Be prepared to walk away if you have crossed over from investing logically to investing emotionally.
Possible Tools at DraftKings Predict
Responsible investing is important across all forms of investment, including prediction markets. From its time in the sports betting space, DraftKings Predict will most likely bring over some of the responsible gaming tools the brand already has in operation on its other properties.
Within current products, you can check on your wager history, set reminders to be alerted about your investing, and use tools across the industry to curb your gaming habits by setting deposit, wager, and time limits on your account. If those tools aren’t enough, you can go all the way and exclude yourself from the site altogether.
If you ever need additional support, call 1-800-GAMBLER for confidential help.
Final Thoughts on the Future of DraftKings Predict
It’ll be a while until DraftKings Predict is live—potentially as far as next year. The possibility of one of the biggest sports betting companies in the industry getting into the prediction market shows what an exciting sector prediction markets are.
Stay tuned to see how DraftKings Predict goes through the regulatory process and eventually becomes available to customers.
If you’d rather trade on sports in a for-fun setting, the Manifold Markets promo code is for you.
DraftKings Predict Promo Code FAQs
This section will cover the most important questions regarding DraftKings Predict and its promo code:
Is DraftKings Predict legit?
DraftKings Predict could be a legitimate prediction market, but it faces regulatory hurdles before trading to the general public becomes a reality.
When is the launch of DraftKings Predict?
The timeline for the launch of DraftKings Predict is unclear at this time. DraftKings CEO Jason Robins applied with the National Futures Association in July 2024, the first of many steps to becoming a regulated prediction market.
Can I get a bonus offer from DraftKings Predict?
DraftKings Predict may offer bonus offers for new customers—stay tuned for the promo code needed to qualify and other details.
Is DraftKings Predict sports betting?
DraftKings Predict looks like it will be a prediction market, which differs from sports betting. Prediction markets are structured more like derivative trading markets.
How would I put money into my DraftKings Predict account?
The deposit mechanism would most likely be similar to what DraftKings operates now with its sportsbook and other products. Users can simply connect an available deposit method (maybe including crypto) and deposit the desired amount while adhering to minimums and maximums.
Are prediction markets legal in the US?
Registered prediction markets are legal in the US, but the regulatory battles with the CFTC are frequent. It’s important to pay attention to the regulatory side of prediction markets, particularly as they expand into new arenas.
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