DraftKings announced Friday the launch of its proprietary markets exchange, DKeX, an entirely internal operation licensed by the Commodity Futures Trading Commission (CFTC).
DKeX is integrated into the DraftKings: Sports & Casino app. The exchange allows DraftKings to avoid third-party exchange fees by using technology it developed and acquired.
“DraftKings is at its best when building innovative platforms that bring together technology, customer focus, and world-class execution to shape the future of sports engagement,” Jason Robins, CEO and co-founder of DraftKings, said in a press release. “The momentum we’ve seen on DraftKings Predictions in recent months reflects the significant progress we’ve made in delivering a more seamless and connected experience for sports fans.”
