PANews reported on October 22nd that Bloomberg News reported that DraftKings announced its acquisition of Railbird Technologies , an exchange regulated by the U.S. Commodity Futures Trading Commission ( CFTC ), to expand into prediction markets and event contracts trading. Terms of the transaction were not disclosed. Following the announcement, DraftKings' stock price rose as much as 8.3% in after-hours trading.PANews reported on October 22nd that Bloomberg News reported that DraftKings announced its acquisition of Railbird Technologies , an exchange regulated by the U.S. Commodity Futures Trading Commission ( CFTC ), to expand into prediction markets and event contracts trading. Terms of the transaction were not disclosed. Following the announcement, DraftKings' stock price rose as much as 8.3% in after-hours trading.
DraftKings acquires CFTC-licensed prediction market exchange Railbird
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PANews reported on October 22nd that Bloomberg News reported that DraftKings announced its acquisition of Railbird Technologies , an exchange regulated by the U.S. Commodity Futures Trading Commission ( CFTC ), to expand into prediction markets and event contracts trading. Terms of the transaction were not disclosed. Following the announcement, DraftKings' stock price rose as much as 8.3% in after-hours trading.
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