DraftKings’ prediction-market bonus may look like a benefit you receive by entering a code, but the information provided explains that it does not work that way.
The offer may look simple if you focus only on the $5 trade and the $150 figure.
However, you also need to consider the new-customer requirement, the three separate payouts, and the deadline for claiming them yourself.
3-Line Summary
1. There is no DraftKings code-entry field
2. The $150 is split up after a $5 trade
3. Check eligibility and the claim deadlines first
It’s an offer attached to a sign-up link, not a code
The DraftKings Predictions offer described by FantasyLabs is reportedly not structured around entering a separate promotional code. The offer is applied when you register through the provided sign-up link, and the instructions say to leave the code-entry step blank. Therefore, searching for a code is not the key to receiving the benefit.
The condition stated in the article is to trade at least $5 in any market. It says users receive $150 in Predictions Dollars, regardless of whether their first trade wins or loses. However, this wording alone does not establish that the same offer is still available today. The article states that the offer expired at 11:59 p.m. ET on August 23.
This point matters. The amount in the article describes the terms of a specific offer; it does not confirm that it is an always-available DraftKings benefit. Before trading in the app, you should compare the market’s actual display and the offer wording yourself.
The $150 does not arrive as cash all at once
According to the instructions, the first $50 is credited immediately after a qualifying trade—that is, a trade that meets the requirements. The remaining $100 is paid in two $50 installments on days 7 and 14, and the user must claim them directly.
Each claim is available for only 7 days. The article states that if you miss this window, that $50 will not be paid again. Rather than focusing on the title “$150 bonus,” it is important to understand first that there are three payouts and two additional claims.
The article also says that Predictions Dollars themselves cannot be withdrawn, while profits earned with that money are transferred to the cash balance. It also states that issued credits remain valid for one year. Treating the bonus amount and withdrawable money as the same thing can make the terms easy to misread.
Being new to Predictions alone does not make you a “new customer”
The point that requires the closest attention is the definition of a new customer. According to FantasyLabs, DraftKings considers users new customers only if they have never completed real-money activity anywhere across its platform—not just in Predictions.
The products listed in the article include DraftKings Sportsbook, Casino, GNOG, Daily Fantasy, Pick6, DK Horse, and Jackpocket. For example, the article explains that if you have entered a daily fantasy contest with cash or bought a lottery ticket through Jackpocket, you may not qualify for this offer even if you are using Predictions for the first time.
It also states that the offer can be received only once per customer, and that users are excluded if they have already received the same offer in another state. Age and location verification are also conditions. The instructions say users must be 18 or older and physically located within an eligible jurisdiction. Eligibility depends not only on whether you have signed up, but also on your past usage history and current location.
Before trading, check the settlement wording—not just your game outlook
The article uses the Jets–Steelers preseason game as an example, but explains that the offer provided is not limited to a specific game. It recommends checking which market qualifies, whether the trading price is within the range you have in mind, and whether the settlement wording matches the outcome as you understand it.
When buying and selling contracts, a DraftKings Predictions fee of 1 cent per contract and exchange fees may apply, and the article states that these costs also count toward the $5 requirement. It also explains that the presence of a game start time does not mean every market will remain open until the game ends.
The numbers worth watching most closely in this guidance are not $5 and $150. The bonus is split into three payouts, and two of them must be claimed directly. If you have not confirmed that the offer currently applies and that you qualify as a new customer, the information is insufficient to decide whether to trade based on the amount alone.
Sources
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