DraftKings Acquires CFTC-Regulated Prediction Market Railbird

2025-10-22 08:31

DraftKings has acquired Railbird Technologies, a prediction market exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC). This strategic move aims to enhance DraftKings' presence in prediction markets and event contract trading. The financial details of the acquisition have not been disclosed. Following the announcement, DraftKings' stock experienced a significant boost, rising by 8.3% in after-hours trading. This acquisition marks a notable expansion for DraftKings as it seeks to diversify its offerings in the financial and prediction markets.

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