Bybit Lists DKNGUSDT Perpetual Contract with Up to 20x Leverage

Bybit has officially listed the DKNGUSDT perpetual contract, bringing DraftKings Inc. (DKNG) exposure to the crypto derivatives market with up to 20x leverage. This listing allows traders to speculate on the price of DraftKings—a leading US sports betting and iGaming operator—without needing a traditional brokerage account.

What Happened?

On July 20, 2026, Bybit added DKNGUSDT perpetual futures to its platform. The contract is USDT-margined and supports leverage up to 20x, enabling both long and short positions. At the time of listing, DKNG was trading around $25.06, according to available data.

DraftKings (DKNG) is a tokenized stock derivative, meaning its price tracks the underlying NASDAQ-listed equity. Recent price action has been volatile: the token saw multiple daily spikes of 5–6% in June and July 2026, including a 6.15% jump on July 8. However, broader sentiment has been mixed. A recent analyst note from TD Cowen suggested that proposed legislation to ban sports betting on prediction markets like Kalshi and Polymarket is unlikely to pass, which weighed on DKNG and peer FLUT shares.

Token Snapshot

• Symbol: DKNG
• Name: DraftKings Inc (Derivatives)
• Category: Tokenized Stock / Synthetics
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: ~$25.04 (up 2.03% over 24 hours at time of data)
• Active Markets: 31

Note: This is a synthetic token representing DraftKings stock, not the equity itself. It is designed for trading and may not confer shareholder rights.

Risk Considerations

Trading tokenized stocks carries unique risks. Price deviations from the underlying NASDAQ stock can occur due to liquidity, funding rates, or market conditions. The infinite supply model means no cap on token issuance, which may affect scarcity dynamics. Additionally, regulatory uncertainty around prediction markets and sports betting could impact DraftKings' valuation.

Where to Trade

Bybit is the primary venue for DKNGUSDT perpetuals. For automated trading strategies, consider using our dedicated bot: Trade with our bot.