How event contracts settle at DraftKings Predictions
DraftKings Predictions is the prediction market part of the brand where you can take a Yes or No position on real-world outcomes across a range of different categories like sports, cryptocurrency, politics, financial markets, economics, culture and climate events. The specific contracts you can access depends on your physical location though, because some states only give you access to certain categories.
The contracts come from multiple exchanges including DKeX, CDNA and CME, and each have their own fee structure and settlement rules. You'll find contracts priced between $0.01 and $0.99, and if your prediction is correct, you'll receive $1 per contract or $0 if you're wrong. You can also choose to sell your position before the event settles for whatever price is available at the time.
Up to $150 after a $5 trade for new users
Social trading features at Draftkings Predict
DraftKings Predictions available across multiple US states
The welcome offer changes frequently, so these are the numbers at the time of writing.
$50 up front, then two further $50 portions
The current DraftKings Predictions welcome offer available to eligible new DraftKings users is a $150 bonus when you take a position on a market for $5 or more, but the rewards arrive in three separate $50 portions instead of one lump sum. After you’ve completed your qualifying trade, you'll receive the first $50, the second $50 then becomes available after 7 days, with the final $50 becoming available after 14 days.
| Detail | Portion 1 | Portion 2 | Portion 3 |
| Amount | $50 | $50 | $50 |
| Available | After qualifying trade | 7 days after qualifying trade | 14 days after qualifying trade |
| How to claim | Posts to your account automatically | Click to claim in the rewards section | Click to claim in the rewards section |
An existing DraftKings account can affect your eligibility
This current welcome offer is only available for new DraftKings customers, and it has a broader restriction than the Moomoo promo code. So if you already hold a DraftKings sportsbook, casino or fantasy sports account, you might not be able to claim the offer even if you've never placed a prediction market trade.
Age and location determine access
DraftKings Predictions requires new users to be a minimum age of 18 (or the local age of majority if higher) and to be physically located within an eligible US state. The states are similar to where you can use a Coinbase promo code, but the eligibility list changes frequently. So it's best to check the up-to-date list before trying to claim the welcome offer.
Claim the welcome offer without a DraftKings Predictions promo code
There's no promo code to type into the box when you sign up, which simplifies the process. But it also means you'll need to make sure the offer is attached to your account through the correct link. Here’s how to do it.
Predictions Dollars can't be withdrawn directly
$150 sounds appealing. But it's important to understand that these are Predictions Dollars, which are credits rather than a cash amount that can be withdrawn.
7-day claim windows and a 1-year credit expiry
It's best to think of the schedule as three separate checkpoints rather than one big release. Your qualifying trade clears on day 0 and the first $50 in Predictions Dollars will be in your account, day 7 opens the next claim window for the second $50 and day 14 gives you the final window for the third portion. Each window will stay active for exactly 7 days before it closes permanently, with each issued reward carrying a 1-year expiration date from when it was issued. If you miss the claim window, you simply won't receive the reward.
Trade payouts can become withdrawable cash
Predictions Dollars can't be withdrawn as cash or transferred, and they're not treated as free money either, so don't compare them to a Robinhood referral code. But payouts from trades placed using these credits transfer to your cash balance if you win with them.
Prediction markets categories range from sports to weather
Your $5+ qualifying trade can go toward any available contract on the site. Here are a few examples of the categories you can pick from.
Predict game results and player statistics
Sports contracts let you take a position on outcomes like whether a team will win a specific game or if a player will hit a statistical threshold. These are only available in certain states where sports event contracts are permitted, and the selection changes frequently depending on what's in season.
Trade crypto price outcomes without buying coins
Crypto contracts usually ask whether a coin like Bitcoin or Ethereum will be above or below a certain price by a specific date, which we highlighted in our prediction markets reviews. These markets move quickly because the underlying assets trade around the clock, so contract prices can actually shift between when you open the trade slip and when you've confirmed your order.
Election outcomes, economic releases and stock index levels
Contracts involving politics include outcomes like election results and policy decisions, while economics contracts look at events like whether a specific data release will come in above or below a certain published figure. Both of these categories are tied to dates that are usually known well in advance, so the contracts tend to sit on the site much longer than sports or crypto ones.
Financial markets contracts work similarly to crypto contracts, but instead track traditional financial instruments. Examples include contracts asking whether the S&P500 or another stock index will close above or below a particular level on any given day.
Predict award show results and weather measurements
Culture contracts include anything from award show outcomes to media milestones, and climate contracts typically involve weather data or environmental measurements. Once again, these two categories tend to have far fewer active contracts than sports or crypto and can sometimes have very little liquidity at any given time.
Trade on world events right from your phone
DraftKings Predictions available on all your devices
Avoid missed claims and unexpected trading fees
Just like with the Sleeper Markets promo code, a surprising number of people qualify for the welcome offer but end up walking away with only $50 because they didn't claim the remaining portions properly. But these five adjustments can make the difference between claiming the full amount and wasting two-thirds of it.
Check market access before completing verification
DraftKings Predictions splits its markets into different categories and their availability is determined by your physical location. Some states get sports, crypto, politics and financial contracts, while others are limited to financial markets only. And some don’t have access to any prediction markets at all. So it's best to check the availability page before you create an account to save you going through identity verification only to discover the contracts you wanted aren't available where you live.
Budget for contract costs plus trading fees
The qualifying trade is $5 or more, but that's the contract cost alone. Every order has its own separate per-contract fee on top of it, so adding an extra $1 or $2 when you fund your account will remove the risk of building your trade ticket and then finding out the total exceeds your balance.
Set reminders before the later $50 claims expire
Each $50 portion after the first one requires you to go back into the rewards section of your account and manually click to claim it. Each window stays open for exactly 168 hours before it will close permanently, so putting two alerts on your phone the day you place your first qualifying trade is the simplest way to protect that remaining $100.
Check what decides each contract's outcome
Always check the specific terminology in the trade slip before you commit. It will show the outcome definition, timeframe, which exchanges handle it and how the settlement rules work for each contract.
Confirm the total purchase cost before submitting a trade
The fees are multiplied by the number of contracts in your order, rounded up to the nearest cent, meaning the number you see on the ticket will always be higher than the raw contract price. Reviewing that final total before you confirm will prevent a situation where you've wasted your Predictions Dollars on a trade that costs more than you initially expected.
Get started with $150 dollars in Predictions Dollars
The current DraftKings Predictions welcome offer comes down to signing up as a new customer, placing a qualifying $5+ first trade and then returning on day seven and day fourteen to claim the remaining portions. The best part is there's no DraftKings promo code needed to claim it.
Click one of the banners on this page to check if the offer is available in your state.
DraftKings Predictions promo code FAQ's
Wes Burns has more than a decade's worth of experience as a writer, researcher and analyst in the legal gambling industry and is co-founder of BettingUSA.com. As a former professional online poker player, Wes approaches his work from the viewpoint of players.