DraftKings is entering the prediction market with a new promotional offer, providing new users with $200 in prediction dollars when they sign up and make a $5 trade using a specific promo code. This initiative allows customers to trade contracts across a range of categories including financial markets, events, weather, and sports.
The promotion is available to eligible new users in most U.S. states, with Maine and New Hampshire being the only exceptions. However, the availability of all markets, including sports, is limited to 18 states. DraftKings Predictions operates as a CFTC-registered Futures Commission Merchant and an NFA member, emphasizing that trading involves substantial risk of loss and may not be suitable for all individuals.
The Yankees are set to conclude their series against the Padres with pitcher Gerrit Cole expected to start for New York, while Michael King is scheduled to pitch for San Diego. DraftKings has stated that the $200 in prediction dollars is issued as non-withdrawable funds that expire in one year, with the reward distributed in $50 increments every seven days via a click-to-claim process over 21 days. These click-to-claims expire seven days after issuance.
The offer is part of DraftKings' expansion into new market areas, aiming to engage users with diverse trading opportunities beyond traditional sports betting. The promotion is set to conclude on September 20, 2026, at 11:59 PM ET.