DraftKings Acquires Railbird, Prepares to Launch Predictions Platform

BOSTON, Oct. 21, 2025 — DraftKings Inc. has announced the acquisition of Railbird Technologies Inc. and its subsidiary, Railbird Exchange, LLC, as part of its strategy to enter the prediction markets.

DraftKings plans to launch a new mobile platform named DraftKings Predictions in the upcoming months, which will allow users to trade regulated event contracts on various outcomes related to finance, culture, and entertainment. This acquisition aims to expand DraftKings’ market offerings beyond sports betting.

Railbird is licensed by the Commodity Futures Trading Commission, providing DraftKings with a solid foundation of technology and expertise. “We are excited about the additional opportunity that prediction markets could represent for our business,” said DraftKings CEO Jason Robins. “Railbird’s team combined with DraftKings’ scale positions us to succeed in this new space.”

The prediction markets allow customers to speculate on the outcomes of different events, which can range from elections to cultural phenomena. However, the approach has stirred controversy, particularly concerning event contracts based on sports, prompting legal challenges in several states.

DraftKings is likely to focus its sports-related predictions in states that do not yet permit legal sports betting, utilizing technology to prevent trades on tribal lands. “This is a transformational moment for our company,” Railbird CEO Miles Saffran stated. “DraftKings’ scale and leadership create meaningful opportunities for our platform.”

While no specific launch date for DraftKings Predictions has been revealed, the company anticipates debuting the app within the next couple of months, setting the stage for an evolution in how fans engage with events.