DraftKings partners with Crypto.com to expand prediction markets, adding player-specific contracts for NFL and NBA events.
Quiver AI Summary
DraftKings Inc. has entered into a partnership with Crypto.com to enhance its prediction markets through DraftKings Predictions. This agreement introduces player-specific sports event contracts for the NFL and NBA, expanding the range of prediction markets available and laying the groundwork for future categories such as politics, culture, and entertainment. The collaboration aims to provide wider access to various sports prediction markets, which will include additional sports like soccer, MMA, and tennis, and will integrate the Railbird Exchange in the near future. Both companies emphasize the importance of this partnership for fostering an engaging customer experience while promoting responsible trading. DraftKings Predictions will operate under the oversight of the CFTC, promoting federated regulated event contracts.
Potential Positives
- DraftKings has expanded its prediction markets by partnering with Crypto.com, enhancing the product offerings on DraftKings Predictions to include player-specific sports event contracts for the NFL and NBA.
- The collaboration with Crypto.com positions DraftKings to tap into new market categories, including politics and culture, significantly broadening its customer engagement and market reach.
- This agreement enhances DraftKings' credibility and regulatory compliance by integrating with a CFTC-regulated derivatives exchange, strengthening customer trust and expanding legal betting options.
- DraftKings Predictions will soon integrate Railbird Exchange, further enhancing its platform's capabilities and user experience in the prediction market space.
Potential Negatives
- Expansion into new prediction markets may expose DraftKings to increased regulatory scrutiny and challenges, particularly with the involvement of cryptocurrencies and derivatives.
- Introducing player-specific sports event contracts could lead to complications in compliance with existing sports regulations and potential backlash from sports organizations.
- The partnership with Crypto.com may raise concerns over the stability and reputation of DraftKings' offerings, as the cryptocurrency sector has faced significant volatility and scrutiny in recent years.
FAQ
What is the recent agreement between DraftKings and Crypto.com?
DraftKings has partnered with Crypto.com to expand prediction markets, including player-specific contracts for NFL and NBA events.
How does DraftKings Predictions enhance user experience?
It broadens access to sports prediction markets and introduces new categories, including culture and politics, fostering an engaging environment.
Which sports are covered under DraftKings Predictions?
DraftKings Predictions now includes sports like soccer, MMA, golf, boxing, tennis, and Olympic Games, among others.
In which states is DraftKings Predictions available?
DraftKings Predictions is available in several states, including California, Florida, Georgia, and Texas.
How can customers access DraftKings Predictions?
Customers can download the DraftKings Predictions app on iOS or Android or visit predictions.draftkings.com to participate.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DKNG Insider Trading Activity
$DKNG insiders have traded $DKNG stock on the open market 19 times in the past 6 months. Of those trades, 2 have been purchases and 17 have been sales.
Here’s a breakdown of recent trading of $DKNG stock by insiders over the last 6 months:
- MATTHEW KALISH (See Remarks) has made 0 purchases and 2 sales selling 420,000 shares for an estimated $17,971,800.
- R STANTON DODGE (Chief Legal Officer) has made 0 purchases and 9 sales selling 316,662 shares for an estimated $11,830,343.
- RYAN R MOORE has made 0 purchases and 2 sales selling 76,390 shares for an estimated $3,507,498.
- ALAN WAYNE ELLINGSON (Chief Financial Officer) has made 0 purchases and 3 sales selling 58,839 shares for an estimated $2,502,070.
- HARRY SLOAN purchased 25,000 shares for an estimated $757,500
- GREGORY WESTIN WENDT purchased 10,000 shares for an estimated $302,700
- JOCELYN MOORE sold 4,861 shares for an estimated $210,043
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DKNG Revenue
$DKNG had revenues of $1.1B in Q3 2025. This is an increase of 4.43% from the same period in the prior year.
You can track DKNG financials on Quiver Quantitative's DKNG stock page.
$DKNG Hedge Fund Activity
We have seen 399 institutional investors add shares of $DKNG stock to their portfolio, and 438 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VIKING GLOBAL INVESTORS LP added 15,003,351 shares (+inf%) to their portfolio in Q3 2025, for an estimated $561,125,327
- CITADEL ADVISORS LLC removed 6,989,608 shares (-86.6%) from their portfolio in Q3 2025, for an estimated $261,411,339
- WHALE ROCK CAPITAL MANAGEMENT LLC removed 5,339,131 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $199,683,499
- FRANKLIN RESOURCES INC removed 4,541,385 shares (-99.8%) from their portfolio in Q3 2025, for an estimated $169,847,799
- AQR CAPITAL MANAGEMENT LLC added 4,538,007 shares (+63.5%) to their portfolio in Q3 2025, for an estimated $169,721,461
- WELLINGTON MANAGEMENT GROUP LLP removed 3,816,942 shares (-16.3%) from their portfolio in Q3 2025, for an estimated $142,753,630
- SAMLYN CAPITAL, LLC removed 2,627,497 shares (-52.4%) from their portfolio in Q3 2025, for an estimated $98,268,387
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DKNG Analyst Ratings
Wall Street analysts have issued reports on $DKNG in the last several months. We have seen 20 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Stifel issued a "Buy" rating on 01/30/2026
- Wells Fargo issued a "Overweight" rating on 01/15/2026
- Needham issued a "Buy" rating on 11/19/2025
- Mizuho issued a "Outperform" rating on 11/13/2025
- JP Morgan issued a "Overweight" rating on 11/10/2025
- Macquarie issued a "Outperform" rating on 11/10/2025
- Susquehanna issued a "Positive" rating on 11/10/2025
To track analyst ratings and price targets for $DKNG, check out Quiver Quantitative's $DKNG forecast page.
$DKNG Price Targets
Multiple analysts have issued price targets for $DKNG recently. We have seen 25 analysts offer price targets for $DKNG in the last 6 months, with a median target of $46.0.
Here are some recent targets:
- Michael Graham from Canaccord Genuity set a target price of $50.0 on 02/03/2026
- Jeffrey Stantial from Stifel set a target price of $44.0 on 01/30/2026
- Curry Baker from Guggenheim set a target price of $42.0 on 01/29/2026
- Ed Young from Morgan Stanley set a target price of $53.0 on 01/16/2026
- Trey Bowers from Wells Fargo set a target price of $49.0 on 01/15/2026
- Barry Jonas from Truist Securities set a target price of $43.0 on 12/22/2025
- Clark Lampen from BTIG set a target price of $45.0 on 12/05/2025
Full Release
BOSTON, Feb. 06, 2026 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced an agreement with Crypto.com | Derivatives North America (“Crypto.com”), a global cryptocurrency platform and CFTC-regulated derivatives exchange, to broaden the prediction markets available on DraftKings Predictions. The expansion marks the first player-specific sports event contracts offered on DraftKings Predictions for both the NFL and NBA, extends the platform’s prediction markets offerings, and establishes the foundation for future categories, including politics.
“We’re continuing to build momentum behind DraftKings Predictions by leveraging our expertise across sports and technology and integrating additional CFTC-regulated exchanges like Crypto.com,” said Jeanine Hightower-Sellitto, Senior Vice President and General Manager of DraftKings Predictions. “This collaboration meaningfully expands customer access to trade on sports and a broader range of prediction markets and also reinforces our focus on delivering a more comprehensive and engaging experience as the product continues to evolve.”
As part of this expansion, DraftKings Predictions adds breadth across sports prediction markets in the states where the product is available, spanning soccer, MMA, golf, boxing, tennis, and the Olympic Games, to complement the existing sports and financial markets provided by CME Group. In addition to the wider scope of sports prediction markets, Crypto.com is expected to support DraftKings Predictions’ introduction of new event contract categories, including culture, entertainment, and politics. Additionally, DraftKings Predictions will integrate Railbird Exchange in the coming months, further strengthening its offering.
“Crypto.com continues to lead the way with innovative collaboration. Connecting with DraftKings, a household name in sports, is an important milestone for us because it allows us to not only expand access to prediction markets in sports, but it grows our distribution to prediction markets on cryptocurrencies, financials, companies, politics, culture, entertainment and beyond,” said Travis McGhee, Global Head of Predictions at Crypto.com. “We are thrilled to work with DraftKings, and we look forward to creating an engaging experience together for customers across the country.”
DraftKings Predictions allows eligible customers to make predictions through federally regulated event contracts, including sports event contracts in states such as California, Florida, Georgia, and Texas. The platform also integrates DraftKings’ Responsible Trading program with tools and resources available directly within the standalone app and at predictions.draftkings.com .
Customers can experience DraftKings Predictions and learn more by downloading the app for iOS or Android .
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. The company is headquartered in Boston and was launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 30 states, Washington, D.C., Ontario, Canada, and Puerto Rico. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in four states and in Ontario, Canada, under its Golden Nugget Online Gaming brand. DraftKings also owns Jackpocket, the leading digital lottery courier app in the United States. DraftKings’ daily fantasy sports product is available in 44 states, the District of Columbia and certain Canadian provinces. DraftKings' wholly-owned subsidiary GUS III Inc. (d/b/a DraftKings Predictions) also operates DraftKings Predictions, a standalone app and web product offering federally regulated event contracts under CFTC oversight. DraftKings is both an official sports betting and daily fantasy partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our games responsibly.
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Crypto.com | Derivatives North America (CDNA) is an affiliate of Crypto.com and is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization; CDNA offers the trading and clearing of sports prediction market contracts, as well as prediction market contracts on cryptocurrencies, financials, companies, politics, culture, and entertainment, including through intermediaries such as DraftKings Predictions.
Contacts
[email protected]
@DraftKingsNews
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c173f1b0-6ff8-47fd-9261-0a050df1aa5f
