DraftKings DKeX Trading Volume Soars Following Football Season Kickoff

Key Points

  • DraftKings is routing an increasing share of its sports contract volume through DKeX, its proprietary exchange
  • The operator previously signaled it would shift prediction market traffic to its in-house platform as football season ramped up
  • Multi-leg "combo" (parlay) volume is expanding rapidly on DKeX, now accounting for nearly half of the platform's overall turnover

As the 2026 football season kicks off, DraftKings (NASDAQ: DKNG) is routing increased volume through its internal prediction market exchange, DKeX.

Illinois groom DraftKings sports betting
DraftKings’ DKeX, its internal prediction market exchange, is seeing volume swell. (Image: Shutterstock)

Data from Eilers & Krejcik Gaming’s (EKG) PMI Databook indicate that for the week ending Sept. 7, or Week 1 of the 2026 college football season, turnover on DKeX surged nearly 610%, by far the largest increase among the major prediction market operators.

A chart o DKeX volume growth.
Volume on DraftKings’ prediction market exchange DKeX is surging. (Source: EKG PMI Databook)

“DraftKings looks to be putting its football contract volume through DKeX rather than Nadex, with total contract volume up 609% w/w and on a broadly similar level to Novig and Nadex,” notes EKG analyst Brad Allen.

DKeX reaching volume levels on par with Crypto.com’s Nadex is impressive because the latter clears trades for multiple prediction markets.

Aggregate volume on DKeX, Nadex and Novig is currently small compared to the two largest yes/no exchanges, but turnover on those three platforms is rapidly expanding.

DKeX Combo Volume Soaring, Too

With the NFL kickoff in the books and college football moving into Week 2, demand for prediction market combos—industry-speak for parlays—is accelerating quickly.

DraftKings, which self-certified combos just a month ago, is already capitalizing on that opportunity set by routing more multi-leg contract volume through DKeX.

“Combos were around 46% of total DKeX volume in the first week of September,” adds Allen. “DraftKings also looks to be sending combo flow to DKeX, with combo contract volume up 826% to more than 100 million.”

Allen pointed out that DKeX combo contract volume ballooned so rapidly that it now ranks third behind only the market’s two largest prediction operators.

DKeX Growth Matters

DKeX’s volume trajectory validates DraftKings’ broader market strategy. Launched in late June, the exchange is rapidly capturing market share in sports event contracts—a trajectory accelerated by summer international soccer and the start of football season.

For DraftKings investors, that growth trajectory reinforces the company’s push toward vertical integration. It also signals that the Railbird Technologies acquisition announced last October is delivering on its promise: providing the proprietary exchange infrastructure needed to reduce reliance on third-party clearing houses and keep higher margin flow in-house.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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