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DraftKings Acquires Predictions Platform Railbird to Expand Beyond Sports Betting

DraftKings Acquires Predictions Platform Railbird to Expand Beyond Sports Betting

Author:

Global Cryptocurrency

Published:

2025-10-21 22:18:02

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BTCCSquare news:

DraftKings (DKNG) is making a strategic MOVE into prediction markets with its acquisition of Railbird, a CFTC-licensed predictions platform. The deal aims to leverage Railbird's technology and team for the upcoming launch of DraftKings Predictions, a new mobile app targeting event-based trading beyond traditional sports betting.

Prediction markets represent a significant growth opportunity, allowing users to trade on outcomes across finance, entertainment, and cultural events. However, regulatory hurdles remain contentious, particularly around election and sports-related markets. DraftKings plans to navigate these challenges by limiting sports event trading to states without legal sports betting frameworks.

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