Major market development: DraftKings has officially launched into prediction markets through a CFTC-approved application, enabling users to trade outcomes on real-world events. This marks a significant step for mainstream financial platforms entering the prediction market space, bringing regulatory legitimacy and institutional backing to event-based betting infrastructure. The CFTC approval signals growing regulatory clarity around derivatives and prediction mechanisms, potentially opening doors for similar platforms to explore this expanding sector. Such moves suggest the broader financial industry is increasingly recognizing prediction markets as a legitimate asset class worth competing in.