DraftKings' DKeX Launch Signals Consolidation Across Prediction Markets, Bernstein Says

DraftKings’ launch of DKeX reflects a broader push toward operational consolidation in prediction markets, according to Bernstein analysts. According to NS3.AI, DraftKings shifted its prediction-market activity onto its own venue regulated by the U.S. Commodity Futures Trading Commission (CFTC) after an eight-month build. Bernstein said consolidation could continue across the sector, adding that Kalshi and Polymarket could emerge as potential acquirers or acquisition targets.