DraftKings is launching a new prop-style betting product, one that closely resembles the offerings of smaller fantasy gaming companies that it is currently feuding with—both in public statements, and in statehouses around the country.
During its Investor Day on Tuesday, DraftKings announced a new betting product called “Progressive Parlay,” which will allow customers to easily make over/under prop picks against the house. It will look familiar to users of apps such as PrizePicks and Underdog Fantasy, a class of fantasy companies that are increasingly at odds with the regulated betting establishment, which claims they are operating outside the law.
