DraftKings continues prediction markets investment with parlay-style ‘Combos’

DraftKings parade as the company launches a new prediction market product offering.
Image: DraftKings News

DraftKings is the latest sports betting operator with a stake in the burgeoning prediction market space to offer a parlay-style trading to users of its prediction market platform.

On Monday, the Boston-based company debuted its new Combos product, an offering that allows users of DraftKings Predictions to combine multiple event contracts. DraftKings Predictions is delivering Combos through the Crypto.com derivatives exchange.

In February, DraftKings and Crypto.com reached an agreement to expand DraftKings Prediction’s catalog of event contracts for sports. The partnership also allows DraftKings Predictions to offer event contracts that mirror player props for sports betting.

DraftKings teased the debut of Combos during the company’s Q1 2026 earnings call last week, when the gaming giant discussed its commitment to the prediction market space and the value it creates through an ability to expand its reach across North America.

DraftKings Predictions rolled out its new Combos product less than a month before one of the largest events in sports, the FIFA World Cup. Next month’s 2026 iteration of the global soccer tournament is expected to garner $2.4bn in prediction market volume.

What event contracts can DraftKings users combine?

Combos is available for all sports available for trading on DraftKings Predictions. DraftKings Predictions and Crypto.com’s new offering allows customers to build event contracts for all sports-related markets except for event contracts tied to “futures,” a company spokesperson confirmed to SBC Americas on Tuesday.

Other details on how Combos operates on DraftKings Predictions:

  • Users can only combine up to six event contracts per trade
  • A payout is only available if all event contracts in a trade are settled as winners
  • Not available for DraftKings Predictions political or financial markets
  • Will be available on DraftKings’ forthcoming proprietary exchange

During DraftKings Q1 earnings call last week, CEO Jason Robins said the company plans to launch its proprietary exchange in the coming weeks. The launch comes after DraftKings entered the prediction market space through its acquisition of Railbird Exchange in 2025.

The deal provided DraftKings with direct entry into prediction markets through Railbird’s registration as an exchange under the Commodity Futures Trading Commission.

DraftKings all-in on prediction market products

DraftKings plans to continue investing in its prediction market venture after the company reported $2.3bn in annualized trading volume in April, a 43% month-on-month increase.

“Predictions, especially in Sports, is a strategic priority for DraftKings. This category is still in its first inning, and we believe DraftKings is best positioned to define it,” said Robins.  

DraftKings also plans to continue investing in market-making capability, adding value to its prediction market product while “generating a positive return” for the gaming giant.

DraftKings is also integrating its prediction market operations into future earnings reports with sports revenue including both betting and prediction market figures. The merging of results comes after DraftKings launched its “Super App” of multiple verticals.

The app combines PM, sports betting, iLottery and online casino offerings for DraftKings. After its launch, customer acquisition costs for DraftKings declined 80% in April.

Fanatics Markets debuts its own ‘Combos’ product

DraftKings is offering parlay-style event contract trading after Fanatics Markets launched a product of the same name, with similar capabilities.

Last month, Fanatics Markets launched Combos, allowing its traders to combine multiple event contracts across several sports and games. The debut of Combos made Fanatics the first company to offer both state-sanctioned sports betting and sports event contract trading in the U.S. to allow prediction market users to combine multiple contracts.

Underdog also offers parlay-style event contract trading. The New York-based gaming company exited America’s regulated online sports betting market in December 2025 to enter and solidify a footprint in prediction markets.

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