DraftKings has introduced DraftKings Predictions, a new app approved by the Commodity Futures Trading Commission (CFTC), now accessible in 38 U.S. states. This platform allows users to trade on real-world outcomes in sports and finance, marking a significant expansion into the prediction market space. The launch positions DraftKings in direct competition with existing platforms like Polymarket, Kalshi, and Robinhood, as prediction markets gain popularity among traders seeking exposure to event-based outcomes. This move underscores the growing trend of prediction markets in 2024, as more participants look to capitalize on the potential of trading real-world events.