DraftKings Predictions Reaches $3.1bn Trading Volume In May As Competition Intensifies

DraftKings has announced that its prediction market business achieved strong growth, with annualised trading volume on DraftKings Predictions reaching $3.1 billion in May 2026.

According to figures released by the company, annualised trading volume increased by 34% compared with April. Annualised consumer trading volume also rose 24% month-on-month to $1.3 billion.

DraftKings Predictions launched in December 2025 and operates through infrastructure provided by CME Group under the supervision of the US Commodity Futures Trading Commission (CFTC). The product is currently available in 38 US states, while sports event contracts are offered in 17 jurisdictions.

Recent growth followed a major platform update introduced before the NBA Finals. DraftKings also expanded the second phase of its prediction market rollout and integrated the product into its Super App ecosystem, which includes sportsbook, casino, fantasy sports and lottery offerings.

Company Plans Expansion Beyond Sports Contracts

DraftKings executives said the company intends to keep expanding the platform. 

“We’re not waiting for the game to come to us with DraftKings Predictions; we’re playing offense,” Chief Executive Officer Jason Robins said. “We are continuing to broaden the ways customers can engage with DraftKings sports experiences across the country.”

The company entered the prediction market sector through its acquisition of Railbird in December 2025. Railbird held federal licences regulated by the CFTC, allowing DraftKings to launch prediction products through both mobile and web channels.

At present, the majority of available contracts focus on sports and financial events. However, DraftKings has indicated that future expansion plans include categories such as entertainment and culture.

Chief Product Officer Corey Gottlieb said the company also intends to leverage existing media relationships, including partnerships with ESPN and NBCUniversal, as it develops additional products.

Kalshi And Polymarket Dominate Trading Activity

Despite recent growth, DraftKings is still considerably smaller than the industry’s largest operators. Polymarket processed approximately $7.1 billion in trading volume during May. Although this represented a decline from the previous month, the platform is one of the market’s dominant participants.

Kalshi retained its leadership position after reaching a record $17.9 billion in trading volume during May, a 21% increase from April and its ninth consecutive monthly record.

Market estimates suggest Kalshi accounted for roughly 61% of total prediction market activity during the month. Together, Kalshi and Polymarket generated close to 90% of overall market volume in May.

The prediction market landscape is becoming more competitive. Aside from DraftKings, major firms including Robinhood, Coinbase and Gemini have expanded their presence within the sector. Flutter-owned FanDuel has also received approval to launch its own prediction market product.

DraftKings’ prediction market platform has achieved a 34% increase in trading volume year-on-year to reach $3.1bn in May. Though it launched in December 2025, the product has spread to 38 states in the US, with sports event contracts available in 17 jurisdictions. Hopefully, DraftKings can rival top companies like Kalshi and Polymarket in the future.