Story perspectives
DraftKings Acquires Railbird to Launch Prediction Market Platform
10/22/2025
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Story summary
- DraftKings will acquire Railbird to launch DraftKings Predictions, a mobile platform.
- Railbird is licensed by the Commodity Futures Trading Commission (CFTC) to operate event contracts exchange.
- Jason Robins, DraftKings' CEO, says prediction markets could bolster the business.
- Nevada and other states pursue legal action against firms trading sports events as unlicensed gambling.
- DraftKings may focus on states without licensed betting, including California and Texas, and implement advanced identity verification measures.
