Draftkings has taken more of its prediction-markets stack in-house, launching DKeX and shifting trading away from third-party infrastructure such as CME Group and Crypto.com, though the company has not publicly framed the move as a formal termination of those relationships.
Key Takeaways:
Draftkings launched DKeX on June 26, shifting its prediction markets off CME and Crypto.com onto its own CFTC exchange.Draftkings Predictions hit roughly $11.3B in annualized trading volume for the week ended June 21, lifted by the World Cup.DKeX offers sports event contracts in 18 states under CFTC rules, reaching markets where sportsbooks are banned.Draftkings is not alone. Bernstein noted that over roughly eight months, every major consumer-facing prediction platform has moved to own both its customer base and its exchange: Robinhood built Rothera with Susquehanna, Coinbase bought The Clearing Company, and Flutter (Fanduel’s parent) set up a dual-broker structure. That, the analysts argued, leaves leaders Kalshi and Polymarket – which own exchange technology but lack a built-in consumer audience – looking like plausible acquisition targets.
