DraftKings acquires the CFTC-licensed prediction market exchange Railbird
Oct 22, 2025 08:20:51
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ChainCatcher news, according to Bloomberg, DraftKings announced the acquisition of the exchange Railbird Technologies, which is regulated by the Commodity Futures Trading Commission (CFTC), to lay out a strategy for prediction markets and event contract trading. The terms of the deal were not disclosed.
After the news was released, DraftKings' stock price rose by as much as 8.3% in after-hours trading.
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