DraftKings

Corporate Counsel, Prediction Markets

DraftKings$160K — $201K *
US-AnywhereRemote in United States
Legal & Accounting
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Juris Doctorate Degree from an accredited institution with excellent academic credentials.
  • Minimum of five years of legal experience, ideally a mix of law firm, in-house, or government/regulatory experience.
  • Expertise in financial services regulation, derivatives markets, or other highly regulated industries.
  • Proven ability to analyze complex regulatory frameworks and offer practical legal advice.
  • Strong written and verbal communication skills suitable for various audiences.
  • Curiosity and sound judgment in addressing legal and regulatory challenges.
  • Experience with designated contract markets or similar regulated entities is preferred.

Responsibilities

  • Serve as the primary legal partner for DKeX and related initiatives.
  • Advise on legal and regulatory issues per the Commodity Exchange Act and CFTC regulations.
  • Draft, review, and maintain exchange rules and governance materials for regulated markets.
  • Provide legal guidance on regulatory filings and operational matters for DKeX.
  • Collaborate with Product, Engineering, Compliance, and other teams to support regulated products.
  • Monitor industry developments affecting derivatives markets and advise stakeholders accordingly.
  • Manage outside counsel and coordinate legal support on specialized regulatory matters.

Benefits

  • Opportunity to work in a rapidly evolving sector of regulated prediction markets.
  • Access to a collaborative and innovative company culture.
  • Support with obtaining necessary gaming licenses as required for the role.
  • Possibility for professional growth within a publicly traded tech company.
Full Job Description
As Corporate Counsel supporting DKeX, you'll help build the legal framework behind one of DraftKings' newest regulated businesses. You'll provide strategic legal guidance to the teams developing and operating our designated contract market while supporting related regulated exchange and clearing initiatives. Working at the intersection of financial markets, technology, and product development, you'll help build the legal foundation for a new regulated marketplace while translating complex regulatory requirements into practical business guidance. You'll join a growing Legal Team where you'll help establish the legal and regulatory foundation for an evolving business at the forefront of regulated prediction markets.

What you'll do as Corporate Counsel, Prediction Markets
  • Serve as the primary legal partner supporting DKeX and related regulated exchange and clearing initiatives.
  • Advise business stakeholders on legal and regulatory issues arising under the Commodity Exchange Act and Commodity Futures Trading Commission regulations.
  • Draft, review, and maintain exchange rule, policies, governance materials, and other legal documentation supporting the operation and evolution of regulated market infrastructure.
  • Provide legal guidance on regulatory filings, rule submissions, and other matters supporting the ongoing operation of DKeX and related regulated exchange and clearing initiatives.
  • Partner closely with Product, Engineering, Market Operations, Compliance, Finance, Information Technology, and other cross-functional teams to support the development, launch, and operation of regulated products and services.
  • Monitor legislative, regulatory, and industry developments affecting derivatives markets and advise internal stakeholders on emerging legal risks, obligations, and opportunities.
  • Manage outside counsel and coordinate legal support across specialized regulatory matters when appropriate.
  • Develop practical legal guidance, scalable processes, and internal resources that empower business teams to make informed decisions while maintaining compliance with applicable legal and regulatory requirements.


What you'll bring
  • Juris Doctorate Degree from an accredited institution with excellent academic credentials.
  • At least five years of legal experience, ideally a mix of law firm, in-house, or government/regulatory experience.
  • Experience advising clients on financial services regulation, derivatives markets, exchange regulation, or other highly regulated industries.
  • Demonstrated ability to analyze complex regulatory frameworks and provide practical, business-oriented legal advice.
  • Strong written and verbal communication skills with the ability to explain sophisticated legal concepts to technical and non-legal audiences.
  • Curiosity, sound judgment, and a thoughtful approach to solving novel legal and regulatory challenges.
  • A collaborative mindset, strong sense of ownership, and the ability to thrive in a fast-paced environment supporting innovative products.
  • Experience advising a Designated Contract Market, Derivatives Clearing Organization, futures commission merchant, broker-dealer, exchange, or financial regulatory agency is preferred.


#LI-AI1

We're a publicly traded (NASDAQ: DKNG) technology company headquartered in Boston. As a regulated gaming company, you may be required to obtain a gaming license issued by the appropriate state agency as a condition of employment. Don't worry, we'll guide you through the process if this is relevant to your role.

The US base salary range for this full-time position is 160,800.00 USD - 201,000.00 USD, plus bonus, equity, and benefits as applicable. Our ranges are determined by role, level, and location. The compensation information displayed on each job posting reflects the range for new hire pay rates for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific pay range and how that was determined during the hiring process.

About DraftKings

DraftKings is an American daily fantasy sports contest and sports betting operator. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports, Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts and Tennis. In August 2018, DraftKings launched DraftKings Sportsbook in New Jersey becoming the first legal mobile sports betting operator in the state. Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Indiana, Pennsylvania, West Virginia and opened in New Hampshire December 30, 2019 after reaching contract with the New Hampshire Lottery. Retail sports betting is available in Iowa, Mississippi and New York. DraftKings Sportsbook mobile and retail sports betting products allow bettors in each state engage in betting for most major U.S. and international sports. As of April 2016, the majority of U.S. states consider fantasy sports a game of skill and not gambling. In November 2016, FanDuel and DraftKings, the two largest companies in the daily fantasy sports industry, reached an agreement to merge. However the merger was terminated in July 2017 due to it being blocked by the Federal Trade Commission as the combined company would have controlled a 90 percent of the market for daily fantasy sports. As of July 2017, DraftKings had eight million users.
Learn more about DraftKings
Size
3,400 employees
Market Cap
$4.9 billion
Industry
Net Income
-$577.9 million
Revenue
$292.3 million
NASDAQ

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