
DraftKings now has a prediction market, and a lot of traders are now trooping in, especially for its generous welcome bonus. The best part is that you don’t need to look for any DraftKings Predictions promo code to scoop it.
Just sign up for an account and meet the qualifying conditions to score. But before I proceed, you’ll like to note that this offer may not be the same across the board for all new US traders. However, this guide will contain more details about the one that I claimed on my first day. So follow to learn more.
Before I proceed to telling you more about my experience with the brand’s welcome offer, here’s a quick update to the brand and what it has in store. In case you don’t know, DraftKings Predictions is a fast growing prediction market platform where you can jump on to speculate on real life possible outcomes in the form of contracts.
Like I mentioned in our DraftKings Predictions review, the site covers everything from crypto to sports, politics, business, economics, and more. What this insinuates is that regardless of your preference, there’s a high chance that DraftKings will have event-based contracts for that. For those who may not be too familiar with prediction markets, event-based contracts usually come in two formats: Yes or No, signifying the possibility of a particular event happening or not.
The value of these contracts changes constantly based on market activity and trader sentiment, giving you the opportunity to buy low, sell high, or simply hold your position until the event is settled. If your prediction turns out to be correct, the contract settles at its full value, which is $1. Otherwise, the contract will become $0, signifying a total loss of investment. Besides its generous welcome offer and wide contract coverage, another good reason why everyone is trooping in is the DraftKing Predict’s impressive mobile performance. From what I found out, it features both iOS and Android apps, so you can keep placing and monitoring trades even while on the go.
Promo codes are mainly used to activate bonuses at online shopping sites. However, some prediction markets have now adopted them as a way to unlock welcome offers and other promotions for new traders. Fortunately, that’s not the case with DraftKings Predictions. At the time of writing this guide, you don’t need a promo code to claim any offer on DraftKings Predictions. Just sign up and meet the terms of the offer for traders in your state of residence, and you’re good to go. This is similar to what I experienced during a Prophet Exchange review.
As insinuated earlier, one of the main reasons why DraftKings Predictions keeps getting the attention of traders is its generous welcome offer. In case you don’t know, the brand’s welcome offer may not be the same across the board, so you can check the banners on this page for more information about available offers for traders in your state of residence. But for the purpose of this guide, I’ll be going deeper into more details about my experience.
As a new trader here, I was welcomed on board with a bonus of up to $200. Don’t go away yet, this offer came in the form of Prediction Dollars, so I couldn’t withdraw it. Instead, the offer is strictly meant for speculating more event based contracts. To qualify for this offer I had to place at least $5 worth of trade orders after creating my account. Once I met that requirement, $50 in Prediction Dollars was added to my account almost immediately, while the remaining $150 was scheduled to be awarded randomly within 21 days.
While this is different from my experience during our PredictIt review, I actually found this to be a decent way of inviting new traders into the site since the offer was designed to let you test different markets without putting too much on the line. Before I proceed, I’d like to bring to your notice that the offer must be used on trades at least once before it becomes withdrawable for cash, even though the investment Prediction Dollars will not be returned.
Besides the welcome offer, DraftKings Predictions also takes it a step further by offering every eligible trader the chance to bring someone on board and get rewarded. From my findings, you stand the chance of claiming at least $25 in Prediction Dollars for everyone you invite to the site through your referral link.
All you just have to do is share your referral link with family and friends who want to enjoy DraftKings Predictions with you. However, to qualify for this reward, anyone you refer must make an initial deposit of at least $25. So, obviously, you get to claim a 100% bonus for your referrals’ initial deposits up to $100. According to the terms of the offer, the maximum number of traders you can invite with your link is capped at 4.
Claiming the DraftKings Predictions welcome bonus doesn’t come with any stress at all. On my first day here, all I did was create an account on the site, verify it, make an initial deposit, and start trading. As stated earlier, as soon as your initial trades cross the $5 mark, you’ll be eligible for the offer. In fact, you’ll instantly receive $50 in Prediction Dollars, and the rest will be randomly dropped into your account within the next 21 days. In case you need a helping hand, follow these steps to claim the offer:
Tap any of the brand’s banners from this page
Provide all the required personal details to create your account
Verify your email address and phone number
Complete your identity verification
Add funds to your account
Head to the prediction markets
Select your preferred market
Choose your preferred contract question
Make a Yes or No choice
Input the number of shares you wish to purchase
Review and submit the purchase order
Claim the welcome offers and continue trading
If you’ve followed this guide from the beginning, I’m sure you must have learned a thing or two about DraftKings Predictions. However, don’t forget to check the banners on this page for more information about the site’s welcome bonus for traders in your state of residence. For the purpose of this guide, I’ll be highlighting some quick details about the brand’s bonuses for traders in my location in the table below:
| Welcome bonus | Spend $5, get $200 in Prediction Dollars |
| Promo code | ❌ |
| Eligible age requirement | 21+ years |
| Minimum trade requirement | $5 |
| Bonus expiry date | 1 year |
| Referral bonus | $25 – $100 |
| Maximum referrals | 4 |
As a new prediction market platform, DraftKings Predictions currently focuses on prediction markets solely, unlike other platforms like Kalshi that also has Kalshi perpetual futures as an added product.
If you ask me, I’d say I like a lot about the DraftKings welcome offer. First of all, claiming it comes with no stress at all, plus the fact that no bonus code is needed to unlock makes it even more exciting. However, while there’s a referral bonus program, the site can still do better by introducing more regular bonuses. Here are some of the brands’ promo code pros and cons that I’ve noticed so far:
No doubt, DraftKings Predictions has done a good job with its bonus offers. The fact that new traders can claim up to $200 in Prediction Dollars without really doing much makes the offer quite appealing. Interestingly, no bonus code is needed to claim, so you can sign up and get into action within a couple of minutes. However, make sure to check the banners on this page for more information about available offers for traders in your state of residence.
Besides bonuses, another good reason why you should give DraftKings Predictions a try is the wide variety of event-based contracts that it offers. Whether you’re into sports, crypto, or politics; there are more than enough contracts waiting for you here. Once you’re ready to get started, you can start the registration process by hitting any of the brand’s banners on this page.
No, new traders don’t need any promo code to claim DraftKings Predictions’s welcome bonus. Just sign up and meet the terms of the offer, and you’re good to go.
The offer is available for every trader in the US, provided they are older than 21 years.
DraftKings Predictions gives new traders the chance to claim up to $200 in Prediction Dollars as welcome offers. However, this offer may not be the same across the board, so you should check the banners on this page for details about available ones for new traders in your state.
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