The company said its prediction markets vertical has generated approximately $3.4 billion in annualized consumer volume.

DraftKings Launches Proprietary Exchange to Bolster Differentiated Predictions Experience

DraftKings launched DKeX, a CFTC-registered prediction markets exchange, reporting $3.4B weekly consumer volume as it cuts out third-party contract markets.

DraftKings shares are trading higher Thursday on launch of DKeX prediction markets exchange integrated directly into Sports & Casino app.

The company said its prediction markets vertical has generated approximately $3.4 billion in annualized consumer volume.

Bernstein said DraftKings' DKeX launch keeps prediction-market revenue in-house as consolidation reshapes trading and betting platforms.

DraftKings launched its proprietary prediction exchange DKeX, replacing CME Group and Crypto.com partnerships. Bernstein sees consolidation ahead for the