DraftKings announced the acquisition of the trading platform Railbird Technologies, positioning itself in the prediction market and event contract trading space.
By: theblockbeats.news|2025/10/22 01:17:46
BlockBeats News, October 22nd, according to Bloomberg, DraftKings announced the acquisition of the trading platform Railbird Technologies regulated by the U.S. Commodity Futures Trading Commission (CFTC) to expand into the prediction market and event contract trading, with the terms of the deal undisclosed.
Following the announcement, DraftKings' stock price surged as much as 8.3% in after-hours trading. DraftKings plans to launch DraftKings Predictions on its mobile app, where users can trade contracts on yes-or-no outcomes related to finance, culture, and entertainment.
Spot Gold Plunges $100 in Intraday Trading, Now Trading at $4025.22 per Ounce
Key Market Information Discrepancy on October 22 - A Must-Read! | Alpha Morning Report
You may also like
Share
Gainers
Latest Crypto News
14:46
Arx Research has completed a $6.1 million seed funding round with Castle Island Ventures leading the investment.
14:46
Fomo Completes $17 Million Series A Funding Round, Led by Benchmark
14:46
Cathie Wood has lowered her Bitcoin price prediction for 2030 from $1.5 million to $1.2 million.
14:46
Stablecoin Deposit Activity Phase 2 Raises Over $230 Million
14:46
Analyst: Risk Appetite Improves, Bitcoin Stabilizes After Falling Below $100,000
Read more
Community
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]