DraftKings has reported strong growth for its prediction market platform, DraftKings Predictions, with annualised trading volume reaching $3.1 billion in May 2026 as competition in the rapidly expanding sector continues to intensify.
According to figures released by the company, annualised trading volume rose 34 per cent compared with April, while annualised consumer trading volume increased 24 per cent month-on-month to $1.3 billion.
The platform was launched in December 2025 and operates through CME Group infrastructure under the oversight of the US Commodity Futures Trading Commission (CFTC). DraftKings Predictions is currently available across 38 states, with sports event contracts offered in 17 jurisdictions.
The latest growth came after DraftKings rolled out a platform upgrade ahead of the NBA Finals and expanded the second phase of its prediction market offering. The product has now been integrated into the company’s wider DraftKings Super App, which also includes sportsbook, casino, fantasy sports and lottery products.
Platform to expand soon
Announcing the results, DraftKings CEO Jason Robins said the company is continuing to expand the ways customers can engage with sports-related products.
“We’re not waiting for the game to come to us with DraftKings Predictions; we’re playing offense,” Robins said. “We are continuing to broaden the ways customers can engage with DraftKings sports experiences across the country.”
DraftKings entered the prediction markets space after acquiring Railbird, a federally licenced platform regulated by the CFTC, in December 2025. The company later launched DraftKings Predictions, allowing users to trade on event outcomes through both its app and web platform.
For now, most contracts are tied to sports and financial events, though DraftKings has said it plans to broaden the offering over time to include areas such as entertainment and culture. Chief Product Officer Corey Gottlieb said the company plans to leverage existing partnerships, including those with ESPN and NBCUniversal, as it further develops the product.
The expansion comes as prediction markets attract increasing attention across the United States. Several major financial and technology firms have entered the sector in recent months, including Robinhood, Coinbase and Gemini, while Flutter-owned FanDuel has also secured approval to launch its own prediction market offering.
Volume still lower than other platforms
DraftKings’ latest figures point to growing momentum, but the company still has some distance to cover before matching the industry’s largest operators. Polymarket alone processed roughly $7.1 billion in trading volume in May. Though it was down from the previous month’s total, the platform remains one of the dominant forces in the prediction market space.
Kalshi, meanwhile, continued to lead the sector with a record $17.9 billion in trading volume during May. The figure marked a 21 per cent increase from April and represented the platform’s ninth consecutive monthly record.
Market data suggests Kalshi accounted for around 61 per cent of total prediction market activity during the month, nearly doubling Polymarket’s volume. Together, Kalshi and Polymarket accounted for roughly 90 per cent of the overall prediction market trading volume in May.
The figures highlight both the rapid growth of prediction markets and the increasingly competitive landscape for newer entrants, such as DraftKings, as the sector continues to expand.
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