- DraftKings (DKNG) agreed in Oct 2025 to buy Railbird, a CFTC-regulated contract market, for up to $250M to expand its DKeX prediction-market platform.
- DraftKings launched DKeX, moving prediction-market volume off CME and Crypto.com and consolidating front- and back-end trading infrastructure for its DKNG prediction operations.
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Key facts: DraftKings to Buy Railbird for up to $250M; DKeX Launched
DraftKings (DKNG) agreed in Oct 2025 to buy Railbird, a CFTC-regulated contract market, for up to $250M to expand its DKeX prediction-market platform.DraftKings launched DKeX, movi