TLDR DraftKings’ Railbird Exchange, known as DKeX, filed nine football contract categories with the CFTC on Aug. 10. The contracts cover game winners, spreads, totals, player props, and season awards for the NFL and college football. The football contracts are set to become certified on Aug. 12 and can then be listed for trading. The filing follows a separate certification of DKeX’s COMBOS product on Aug. 7, which lets users combine multiple contracts. CEO Jason Robins expects football season to bring millions of new customers to the exchange, calling it the company’s biggest season yet.
DraftKings is getting ready for the NFL season with a large expansion of its prediction market products. The company’s exchange, Railbird Exchange, known as DKeX, has filed nine new football contract categories with federal regulators.
The filings were submitted to the Commodity Futures Trading Commission on Aug. 10. They cover a wide range of football betting style markets.
The new contracts include game winners, point spreads, and total points markets. These mirror common bets found on sportsbooks.
The filings also include player and team statistic markets. These let users trade on whether a player or team hits a certain statistical target.
Other categories cover in-game achievements, head-to-head player comparisons, season awards, and outright competition winners. The contracts apply to both the NFL and college football, including the College Football Playoff.
New Contracts Set for Certification
The nine football categories are scheduled to become certified on Aug. 12. Once certified, DraftKings can begin listing them for trading.
The filings resemble much of what a typical mobile sportsbook offers during football season. This includes spreads, totals, and player props.
DraftKings CEO Jason Robins spoke about the exchange’s growth during the company’s second quarter earnings call last week. He said the football season would bring