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DraftKings Predictions vs PredictIt

How DraftKings Predictions vs PredictIt compare on our ratings, prediction market specs, funding, pros and cons.

DraftKings Predictions3.9/5
VS
PredictIt3.2/5
Feature
DraftKings PredictionsVisit
PredictItVisit
Ratings
Our score3.9/53.2/5
User ratingNo reviews yetNo reviews yet
Market selection3.53.5
Liquidity3.53.5
Fees4.02.0
Resolution quality4.53.5
Ease of use4.03.5
Specs
Market typesSports, Politics, EconomicsPolitics, Economics
Settles inUSDUSD
Trading fees$0.0000804 to $0.02 per contract10% fee on profits and 5% fee on withdrawals
Resolution sourceCentralized exchange and clearinghouse settlementNot disclosed
Available in the US Yes Yes
KYC required Yes Yes
Regulated venue Yes Yes
Market topicssports, politics, macroeconomicsUS Elections, Congressional Votes, Presidency, Financial Indicators
Company
Founded20252014
HeadquartersUnited StatesUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Operates under CFTC regulation as a registered Introducing Broker
  • Customer balances sit with Wedbush Securities rather than unsegregated company accounts
  • Low per-contract trading fee capped at $0.02 on the DKeX exchange
  • Politics and economics contracts are accessible across 48 US states
  • Operates as a CFTC-approved derivatives exchange and clearinghouse
  • Deep liquidity on United States political and election markets
  • Direct bank account deposits and fiat settlement in US dollars
  • Track record spanning over a decade since November 2014
Cons
  • Sports contracts are restricted to 18 US states
  • Unavailable to international traders outside the United States
  • Requires mandatory identity verification and financial KYC checks
  • Does not support cryptocurrency deposits or onchain settlement
  • Charges a 10% fee on profits plus a 5% fee on all withdrawals
  • Single-contract positions are restricted to a maximum of $3,500
  • Strictly limited to US citizens with mandatory identity verification
  • Custodial structure exposes user funds to centralized platform counterparty risk
Best forUS residents trading political contracts, Macroeconomic outcome event traders, Bettors seeking CFTC-regulated venuesUS political election traders, Traders requiring regulated US venues, Retail fiat event speculators

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.