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

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

Bernstein says prediction-market integration could fuel M&A across crypto, betting and brokerage platforms, though regulatory clashes may slow deals.

The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market…

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

DraftKings launches DKeX, a proprietary CFTC-regulated prediction markets exchange built on Railbird Technologies, reporting $3.4B in annualized consumer volume as Kalshi seeks a…