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I’m sure that I’m not the only one who’s been asking, ‘What is DKeX?’ recently. So I’ve done a bit of research and written this speedy guide to get you up to speed.

Here you’ll see how DKeX is a pretty cool upgrade to the DraftKings Predictions product. It basically sees the brand adding in its own proprietary software in place of the third-party software that it used before. So I’ll walk you through how to trade with DKexX so that you can be aware of any potential differences.

What you need to know about DKeX

So DKeX looks like it's a new kind of software that powers the prediction markets exchange that I wrote about in my DraftKings Predicts review. The old version used to have software that was created by some third-party company, but now DraftKings has taken the power back. It did so by purchasing a different kind of prediction markets software from a company called Railbird Technologies back in October last year.

This basically meant that DraftKings also acquired that brand's licensing from the Commodity Futures Trading Commission, and the software was good to go at the end of June this year. So now you just have to fire up the DraftKings Sports and Casino app and see how DKeX is giving you a fresh and fun way to trade.

My experience with DKeX

I was already pretty well used to the old version of DraftKings Predictions, so I was a bit cautious when I heard that DKeX was going to be replacing things. Thankfully I had nothing to worry about because I couldn’t initially tell the difference between the new version and the old one.

While that’s true, I did notice that DraftKings have been making a few changes and adding in some cool new features. This is probably because it’s got greater control of things. So here’s a quick overview of new things that I noticed:

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Why the arrival of DKeX matters

Talking about software is never going to be as interesting as making your predictions, but I think that this is a pretty notable move from DraftKings. After all, it should allow the brand to have more control over the kinds of markets it includes as well as making use of its specialist sports coverage.

All of this has been done as DraftKings aims to take a greater share of the already saturated predictions market industry. It’s expected that the industry could be taking in as much as a trillion dollars in annual trading volume by the end of the decade, and DraftKings will want a slice of that pie.

A quick reminder of how to place prediction markets trades at DraftKings

So if you’ve any experience of trading at DraftKings Predictions, then you’ll know how to trade with DKeX. So don’t worry about looking for any kind of DraftKings Predicts promo code, but instead take these following steps:

1. Fire up the DraftKings site by clicking on any of the links from the brand featured in the banners of this page

2. Follow the links to download the DraftKings Sports and Casino app to your iOS or Android device

3. Create your customer account by adding in your personal details to the registration form

4. Log into your account and verify your identity

5. Add some funds to your account by making a real money deposit

6. Go to the prediction markets lobby and browse the event contracts

7. Click on the event contract that matches your prediction

8. Enter in how many of those contracts you wish to purchase and complete your trade

From here, you can sit back, relax and wait for the event to settle. Or be like me and watch the price charts like a hawk and aim to sell my contract early for a profit. It’s entirely your call.

Conclusion - Now you know what DKeX is, start trading

I’ve shown you that DKeX looks like it’s going to be a decent upgrade to the experience that you get with the brand’s predictions markets. You might not notice any immediate changes, but I think that there’ll be noticeable improvements in specific areas like sports coverage and so on.

Of course, this is probably just going to be a start of many changes the brand makes to keep up with the market-leaders in the increasingly competitive prediction markets realm. So watch this space to see what DKeX does to give you an even more incisive way of trading.

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