DraftKings Predict Review for July: Is DraftKings Predict Legit?

Between my first visit to DraftKings Predict (which is now DraftKings Predictions) and now, the website has had a revamp. With the popularity of prediction markets rising, it was only time before DraftKings was going to get involved.

In this DraftKings Predict review, I’ll show you how it all works and walk you through the latest features. If you haven’t traded event contracts before, I’ll start by giving you a full explanation of how predictions work here. It follows the basic structure, so if you have tried other prediction sites, you’ll find things familiar.

Trading at DraftKings Predictions Markets: A Simple 1-2-3

Getting started at DraftKings Predictions is really as easy as 1-2-3, so here’s a super quick run-through to get you up to speed:

1. Find a market that appeals to you, such as sports or crypto.
2. Make a prediction by buying a Yes or No contract.
3. Sell or hold your contract until the market resolves.

Of course, there’s a little bit more to it than that, but that’s the gist of things. Now that you have an idea of the basic structure, I’ll walk you through how it all works in more detail. If you have checked out my Kalshi review, you will soon notice that DraftKings Predictions follows a similar approach.

First things first, you will start by choosing a category from the list, such as:

• NFL
• NBA
• College Basketball
• Bitcoin
• Stock Market
• Politics

When you have picked the broad category, you will then find various markets. For example, under Crypto, you can trade on the prices of various cryptocurrencies, including Bitcoin and Ethereum. For example, “When will Bitcoin cross $100k again?” Once you have chosen a market, you can then buy a Yes or No contract, based on your prediction. Each event contract is priced between $0.01 and $0.99, and your contract will settle at $1 if it’s a correct prediction. If your prediction was incorrect, then it becomes worthless and settles at $0.

To calculate your profit, all you need to do is deduct the contract price from the $1 settlement. For example, if you traded a Yes contract at $0.65, then your profit will be $0.35.

The prices are set by supply and demand. So the current price of a given contract reflects market sentiment on how likely traders believe that outcome is.

3 Features That Immediately Stood Out in My DraftKings Predictions Review

At the outset of my review, I made sure to unravel details of the website’s security and where it’s available. As DraftKings is such a household name in the industry, I only expected to find top-level security. Of course, that’s exactly what I found.

DraftKings Predictions Is CFTC-Regulated

DraftKings Predictions operates under GUS III LLC d/b/a DraftKings Predictions, which is fully CFTC-registered. Not only is DraftKings Predictions regulated by the Commodity Futures Trading Commission, but it’s also a member of the NFA (National Futures Association). As such, I have no reason to believe that DraftKings Predictions is not operating under strict guidelines.

Responsible Trading Tools

DraftKings Predictions protects users by offering a wide selection of information, resources, and tools that give you full control over your trading activities and account. For instance, you can set deposit limits, request a cool-off or self-exclusion, and access your full account history. If you need any support, there’s a list of resources that can help you to manage your activities. Of course, the support team is also on hand to offer any 1-2-1 support.

Strong Website Security

DraftKings Predictions operates with SSL encryption software, which protects your sensitive data. As you enter your banking details or personal information, it’s scrambled to prevent malicious third parties from accessing it. You also have access to the Privacy Policy and Terms & Conditions, which are located at the bottom of the website. DraftKings Predictions is transparent when it comes to its owners and security measures, which is a sign of a safe website that has nothing to hide.

7 Prediction Markets Are Available at DraftKings Predictions

Invite friends to trade with DraftKings

DraftKings Predictions operates in most states

Next up in my DraftKings Predictions review, I weighed up the variety of markets. While the focus is on sports, there are a few other categories, including:

• Sports
• Cryptocurrencies
• Stock Market
• Politics
• Commodities
• Economics
• Business

As the sport category is the main event at DraftKings Predictions, the coverage is incredible. I found markets on the NFL, NBA, MLB, WNBA, PGA, Soccer, College Basketball, Formula 1, Golf, Motorsports, and Cricket, just to name a few. Plus, you won’t just find contracts for match outcomes, as you can also trade on total points scored, top 5, top 10, and point spreads. Overall, it’s better than what I found in my Crypto.com review.

When it comes to crypto markets, I found a choice of Bitcoin and Ethereum, with both short-term and long-term outcomes. For example, you can predict what the prices of these two cryptocurrencies will be within an hour timeframe, by the end of the day, and by the end of the year.

Get Started with a Welcome Bonus at DraftKings Predictions

Before I reveal the sign-up bonus at DraftKings Predictions, I want to point out that the fact that there’s a bonus on offer says a lot about the brand’s approach. For the most part, prediction market sites rarely offer specific trading bonuses. This alone tells me how much DraftKings Predictions values its users. To help you get the bonus quicker, I didn’t need to pick up a DraftKings Prediction bonus code.

Instead, I was offered a bonus after registering a new account, which varies depending on where you are based. You will receive a 100% trade match bonus, but the maximum bonus value will depend on where you are. For example, I received a 100% trade match, up to $10, while other states received up to $75. To confirm your state-specific bonus, you can click the promotional banners on this page.

Rating the Website’s Usability

DraftKings Predictions has a simple layout that’s ideal for both newcomers and seasoned traders. It boasts a minimalist design that helps you to navigate through each page with ease, even with minimal knowledge of how everything works. Across the top of the page, you’ll find a list of featured markets, giving you an idea of what traders are loving right now. Then, in the sidebar, you will find the full list of categories, which is accessible from all pages.

What I loved about the website is that it offers you a ‘how-to’ guide as soon as you get to the homepage, which is perfect for beginners and sets it apart from other prediction market sites. For example, while my Polymarket review picked up on a few beginner-friendly features, DraftKings Predictions goes one step further. Whether you want to learn how prediction markets work, what markets are available in your state, or want to apply some limits on your account, this is all explained in the beginner’s guide.

Is There a DraftKings Predictions App?

You have two choices when it comes to accessing your account on mobile. You can either access the mobile-friendly site, which works incredibly well, or download the dedicated app. The app is accessible on iOS and Android devices and offers a fully integrated experience. For instance, it boasts faster loading speeds, as it’s designed specifically for mobiles. You can also enable push notifications to receive instant updates on the latest promotions and other news.

Enjoy DrafKings Predictions on your device

Trade with DraftKings predictions everywhere you go

Deposit and Withdrawal Methods at DraftKings Predictions

I found a good selection of payment methods on the DraftKings Predictions app, including credit/debit cards, bank transfers, and Apple Pay. The latter is ideal for mobile users, as it integrates perfectly with the mobile site and app. The minimum deposit is $5, which is considerably low and makes sure that everyone has a shot at getting involved.

When it comes to withdrawals, you aren’t restricted at all, as all the same payment methods are available. The minimum payout amount is $10, which is incredibly flexible and will suit most traders. Depending on the method you choose, you can expect to receive your withdrawal within 3 business days.

Rapid Support Is Available to All Traders

If you run into an issue or have a query for the support team, you can reach out via live chat or email. Alternatively, there’s a solid FAQ page that covers a wide range of topics, including promotions, accessibility, payments, and more. While the FAQ section is always the first place I look, my next option is live chat, as it’s the quickest way to get answers. In my experience, the live chat agents connect with you within a minute or so. After that, you should get replies within a few minutes, depending on how busy the team is, just as I found the support to be in my OG review.

Conclusion: DraftKings Predictions Is a Solid Trading Site

DraftKings is a well-known name in the US. So, when I heard that they launched a prediction market site, I just had to jump in and test it out. Since I last visited, the site has grown a lot, now offering a diverse mix of categories. Having said that, it would be great to see a few more markets added. For example, the crypto prediction markets currently only offer Bitcoin and Ethereum, so a few more cryptocurrencies would be excellent.

Despite there being a little room for improvement, DraftKings Predictions is one of my favorites. If you want to get started and even pick up a welcome bonus, why not see it all for yourself? Follow the promotional banners on this page to open a new account.

DraftKings Predictions Markets FAQs