DraftKings’ Railbird Acquisition Forges Path To Prediction Markets
This has been percolating for a number of months, however DraftKings is stepping into prediction markets. News of the sports activities betting operator’s curiosity in buying Railbird Exchange, a CFTC-approved Designated Contract Market, broke in July. On Tuesday, Oct. 21, the acquisition grew to become official. In the press release announcing the deal, DraftKings says…
