DraftKings is making a bold move into the world of prediction markets. The Boston-based gaming giant has acquired Railbird Technologies and its federally licensed exchange subsidiary. The deal marks a step toward building a regulated platform for trading on real-world outcomes under the new banner DraftKings Predictions.

  • The acquisition gives DraftKings access to Railbird’s technology, licenses, and experienced team. These assets will help the company expand into regulated event contracts across sectors like finance, culture, and entertainment. By entering the prediction markets space, DraftKings looks to grow its overall reach and deepen customer engagement.

  • Railbird operates under a license from the Commodity Futures Trading Commission, giving DraftKings a ready-made regulatory foundation. This status will allow DraftKings to develop new products without starting from scratch in a complex legal landscape. The move also positions the company to compete with existing event-trading platforms under clear federal oversight.

  • Jason Robins, CEO and Co-Founder of DraftKings, said the company sees “additional opportunity that prediction markets could represent for our business.” He added that combining Railbird’s tech with DraftKings’ scale and expertise will help “win in this incremental space.”

  • DraftKings Predictions, a new mobile app, will let users trade regulated event contracts on outcomes ranging from economic data to pop culture moments. The platform is designed to connect to multiple exchanges, offering users one of the broadest sets of markets available. This flexibility is expected to be a key differentiator as DraftKings prediction markets evolve.

  • The app will launch in the coming months, signaling a significant shift for DraftKings beyond sports betting and fantasy gaming. By using its strong brand and technology backbone, the company plans to integrate prediction trading as part of its wider digital entertainment ecosystem. Railbird’s co-founder Miles Saffran called it “a transformational moment” for the team and product.

Please find more news here.