DraftKings’ Prediction Markets Surge as Legacy Sportsbooks Chase Crypto-Native Growth

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2026-06-13 15:07:02

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DraftKings' nascent prediction markets business is scaling at a pace that's caught Wall Street's attention. The sportsbook reported $3.1 billion in annualized trading volume for May 2026—a 34% monthly surge—sending shares up 10% despite entering a market where crypto-native platforms like Kalshi already command $17.9 billion in monthly volume.

The $258 million actual May volume for DraftKings Predictions, launched just six months ago, pales against the $24 billion prediction market sector. These platforms allow traders to speculate on outcomes ranging from elections to crypto prices through binary contracts—a mechanism that's found natural adoption in blockchain circles.

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