logo

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
copy

Gainers

Latest Crypto News

17:16

Bank of England Deputy Governor Broadbent: Keeping the US and UK in sync on stablecoin regulation is crucial

17:16

In the past 24 hours, the entire network has witnessed a total liquidation of $1.603 billion, with the majority coming from long positions.

17:16

Bitcoin Rises to Touch $104,000

17:16

The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 64.5%.

16:46

To end the government "shutdown," the Democratic leaders in Congress are calling on Trump to start negotiations.

Read more
Community
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]