DraftKings Enters the Prediction Market Space with Acquisition of Railbird Technologies
DraftKings Inc. has made a significant move into the prediction market industry by acquiring Railbird Technologies Inc. and its subsidiary, Railbird Exchange, LLC, a company licensed by the Commodity Futures Trading Commission (CFTC) to operate a regulated event contracts exchange. This acquisition marks an important step in DraftKings’ strategic expansion beyond traditional sports betting, as it […]
DraftKings Inc. has made a significant move into the prediction market industry by acquiring Railbird Technologies Inc. and its subsidiary, Railbird Exchange, LLC, a company licensed by the Commodity Futures Trading Commission (CFTC) to operate a regulated event contracts exchange. This acquisition marks an important step in DraftKings’ strategic expansion beyond traditional sports betting, as it […]
