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DraftKings secures federal approval for DraftKings Prediction platform

DraftKingsu200b‍u200b‌‍u200b‍‌u200b‍u200b‌‍u200b‍‌ has gotten the green light at the federal level to be able to go ahead with its DraftKings Predictions product in the United States.

The product, which operates under Gus III LLC, is now a part of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) registries as an introducing broker and an approved swap firm since December 4th.

DraftKingsu200b‍u200b‌‍u200b‍‌u200b‍u200b‌‍u200b‍‌ Predictions will operate under the US derivatives regulatory framework, SteelSports, having decided against filing as a traditional sportsbook, as per the new structure.