Copyright Seeking Alpha
DraftKings breaks into the prediction market industry through an acquisition Oct. 21, 2025 8:47 PM ETDraftKings Inc. (DKNG) StockMGM, GMVHF, FLUT, KALSHIBy : Clark Schultz, SA News Editor Comment (1) DraftKings (NASDAQ:DKNG) is making a dramatic move into the predictions market business through the acquisition of Railbird Technologies, which is a federally licensed exchange designated by the Commodity Futures Trading Commission. The sports betting company said the acquisition supports its broader Quick Insights The acquisition provides DraftKings with Railbird's technology and regulatory status, enabling efficient entry and long-term differentiation in federally regulated prediction markets beyond sports. DraftKings plans to launch a mobile app allowing trading on regulated event contracts from finance, culture, and entertainment, broadening market reach beyond sports and potentially deepening customer engagement. DraftKings' move may encourage states with legal interest in online sports betting to consider regulating predictions, fostering competition and potential tax revenue growth. Recommended For You
