DraftKings acquires CFTC-approved prediction market exchange Railbird
ChainCatcher news, according to Bloomberg, DraftKings announced the acquisition of Railbird Technologies, an exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC), to expand into prediction markets and event contract trading. The terms of the deal were not disclosed.
After the announcement, DraftKings' stock price rose as much as 8.3% in after-hours trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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