DraftKings Self-Certifies Nine Football Event Contracts, Parlays

Key Points

  • DraftKings self-certified nine football event contracts for its in-house prediction market ahead of the start of the 2026 season
  • The gaming company also self-certified parlays or combos
  • DraftKings Predictions currently offers multi-leg prediction market bets through a partnership with Crypto.com

Recent filings with the Commodity Futures Trading Commission (CFTC) indicate that DraftKings self-certified multi-leg event contract wagers and nine football contracts for its namesake prediction market platform.

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DraftKings’ Railbird unit filed to self-certify football combos and nine other prediction market event contracts. (Image: DraftKings/Shutterstock)

In a filing with the regulator last Friday, Railbird Exchange, which DraftKings acquired last October, self-certified to offer combos – prediction market vernacular for multi-part wagers commonly known as parlays. Railbird does business as DKeX, DraftKings’ in-house prediction market exchange. That exchange launched in late June.

“The Contracts settle on a joint outcome of two or more constituent contracts listed on DKeX and subject to the terms of Chapter 13 of the DKeX Rulebook,” according to the regulatory filing. “The Contracts are categorized as swaps. This submission shall become certified by August 11, 2026, and the Contracts will be listed for trading on the Exchange thereafter.”

Under the self-certification process, a prediction market operator informs the CFTC of its intent to offer specific event contracts and the date on which those derivatives will become available to traders. If the commission doesn’t intervene or request more information, the contracts go live on that date.

Inside the Football Event Contracts

Just in the nick of time for the 2026 football season, an Aug. 10 filing with the CFTC by Railbird unveiled plans for nine football event contracts.

Those filings cover an array of football-linked derivatives that are comparable to what bettors would find on the DraftKings sportsbook, including event contracts that are essentially the prediction market equivalent of sides and totals. Railbird also filed to self-certify what amount to be player proposition wagers as well as markets on play awards, such as MVP.

“The Contracts settle on whether a designated football player or coach earns a specified season-long award, as officially confirmed by the awarding body, subject to the terms of the contract and market specifications and Chapter 13 of the DKeX Rulebook,” according to the filing. “The Contracts are categorized as swaps.”

DKeX could begin offering those event contracts as soon as tomorrow, assuming the CFTC doesn’t intervene. The timing is critical because the start of the 2026 NFL season arrives in about a month.

DraftKings Fortifying Its Vertical Integration

Combos aren’t new on DraftKings Predictions. Through a partnership with Crypto.com, the gaming company’s prediction market arm has been offering multi-leg bets since May, but Railbird’s self-certification filings confirm DraftKings wants to solidify its status as a vertically integrated prediction market operator.

It’s a model that gives companies more economic control over their event contract fates and one that’s increasingly popular in the industry.

Still, plenty of other operators maintain partnerships. For example, Crypto.com provides infrastructure and trade routing services to Fanatics and FanDuel, among others, and there’s speculation the brokerage firm is in talks with Robinhood Markets regarding a prediction market deal.

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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