DraftKings Predictions volume hits $3.1B annualized run rate in May
DraftKings said its Predictions platform reached $3.1 billion in annualized total trading volume in May, a 34% month-over-month increase, with consumer volume climbing to $1.3 billion, up 24%. The company disclosed the figures in a Form 8-K filed June 9. The pace of gains eased from April as the product's December launch laps its earliest comparisons. The disclosure comes as competitor Flutter disclosed last month that revenues from its FanDuel Predicts product were 'non-material' during first-quarter earnings. DraftKings stock rose on the news. The company is working toward its Super App concept and recently self-certified six CFTC contracts for its DKeX prediction market exchange.
The slowdown from April's growth pace tests whether DraftKings can sustain its event-contracts momentum against Kalshi and Polymarket ahead of the NFL season. Any further deceleration before DKeX launches federally regulated markets risks letting competitors solidify institutional and retail dominance.