TechFlow, October 22 — According to Bloomberg, on October 22, 2025, DraftKings announced the acquisition of Railbird Technologies Inc., an exchange regulated by the Commodity Futures Trading Commission (CFTC). This marks a significant move by the company into the prediction markets sector. The acquisition aims to help DraftKings expand beyond its traditional sports betting business and meet user demand for real-time monetary wagers on future events. Following the announcement, DraftKings' stock rose as much as 8.3% in after-hours trading. Specific terms of the deal have not been disclosed.
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