Shares of DraftKings (DKNG) are higher Wednesday after it announced an acquisition of Railbird Technologies as part of a new prediction-markets strategy. With the purchase, DraftKings said it plans to launch "DraftKings Predictions" in the coming months, a mobile app allowing customers to trade regulated event contracts "on real-world outcomes across finance, culture, and entertainment.” "We believe that Railbird’s team and platform — combined with DraftKings’ scale, trusted brand, and proven expertise in mobile-first products — positions us to win in this incremental space," DraftKings CEO Jason Robins said. The move could help DraftKings compete more directly with offerings from prediction market startups Kalshi and Polymarket, which have seen their popularity and valuations soar this year. The National Hockey League announced the multiyear deals Wednesday with Kalshi and Polymarket. For more market news, tune into: https://lnkd.in/eg-jFpfR 

DraftKings Inc. is making its boldest move yet , entering the prediction market arena 🚀. DraftKings has officially acquired Railbird Technologies, a federally licensed exchange regulated by the CFTC, marking a pivotal step toward launching DraftKings Predictions, a platform that will allow users to trade event contracts on real-world outcomes 💡. This acquisition signals the company’s intent to diversify beyond sports betting and lead innovation in predictive finance, entertainment, and pop culture markets. While questions remain over the inclusion of sports-related contracts, DraftKings’ CEO Jason Robins has hinted at the vast potential in non-sports markets, especially in states without legalized sports wagering 🌍. Analysts see this as a strategic “4-D chess” move that strengthens DraftKings’ technological edge and competitive position against emerging players like Kalshi and Robinhood ♟️. Industry experts believe this acquisition could redefine how prediction markets operate under regulatory oversight and potentially shape future federal policy around event derivatives 📊. #iGamingNewsToday #iGamingNews #iGamingNewsUpdates #iGamingIndustry #iGamingBusiness #DraftKings #Railbird #PredictionMarkets #EventContracts #GamingInnovation #iGamingTodayWorld

DraftKings Inc. is acquiring predictions platform Railbird as it prepares to launch a new mobile platform, DraftKings Predictions, in the coming months. Railbird, licensed by the Commodity Futures Trading Commission to operate an event contracts exchange, was targeted for its team and proprietary technology. DraftKings CEO Jason Robins said the acquisition positions the company to expand beyond sports betting into prediction markets covering finance, culture, and entertainment, leveraging Railbird’s platform alongside DraftKings’ scale and mobile expertise. The company plans to navigate regulatory risks carefully, particularly around sports-related contracts, focusing on states without licensed sports betting and implementing advanced identity verification measures. DraftKings HQ: #Boston #Massachusetts Railbird HQ: #NewYork #NY #NewYorkCity #NYC #VentureCapital #DraftKings #Railbird #TradedVC

Every Halloween, hidden “treats” pop up where you least expect them… At most software companies, they call them integration fees, but at Rentvine, we just call them what they are: unnecessary. That's why we have: An open API No integration or add-on fees No hidden fees or tiered pricing Because paying extra to connect your own tools should be a treat, not a trick #PropertyManagement #PropTech #Rentvine #Halloween #NoHiddenFees

We’ve just launched a new round of support for Hackney’s small businesses - offering workshops, coaching and peer networking aimed at helping them to scale up and access new business opportunities. This is the second round of Hackney Impact funding, after a first phase in 2024/25 supported 339 businesses, created over 115 jobs and safeguarded over 65. Find out more about the programme and sign-up: https://orlo.uk/SHhNV In partnership with Allia, Hackney Co-operative Developments CIC, East End Trades Guild, Renaisi and Social Founders

Glowforge is rebooting. Ten years after launching in Seattle and taking the home crafting world by storm, the maker of desktop 3D laser cutter/engravers is looking to emerge from a difficult period of layoffs, failed funding and now a restructuring through an Assignment for the Benefit of Creditors. Co-founder and CEO Dan Shapiro told GeekWire that he and fellow co-founder Mark Gosselin have acquired the Glowforge trademark and brand, the hardware platform, software, and rights to manufacture more machines in Seattle. Shapiro said the startup — which raised $183 million from investors over the years — is now “simpler, more focused, and more committed to the long haul." (story link in comments) 

"Fin deflects everything for us" — Andre Gamboa, Underdog 💥 In the fast-paced world of fantasy sports, customers expect answers as quickly as the action unfolds. At Underdog, major sporting events can trigger tens of thousands of inquiries in just minutes! It’s been incredible to witness firsthand the impact Fin has delivered for Underdog since launch: - 7,000+ tickets deflected in just 48 hours (during seasonal events and peaks) - Inquiries resolved at 2× the rate of previous workflows - Automated real-time updates on withdrawals, deposits, and entry status — all without human intervention - Full compliance with regulatory requirements Kudos to you, Andre Gamboa David Stroyek Radames Cruz Jr Will Fox — thank you for your ongoing partnership. This is just the beginning 🔥

DraftKings enters prediction markets DraftKings has acquired Railbird Technologies Inc. and its federally licensed exchange to launch DraftKings Predictions, a new app that lets users trade regulated event contracts on real-world outcomes across finance, culture, and entertainment. A major step toward blending sports betting, fintech, and predictive trading. #DraftKings #PredictionMarkets #iGaming #Fintech

Naming a startup is like naming a child — everyone has opinions, and none of them agree 😅 Here’s a fun little clip on how the name Nuven came about — and why the name perfectly captures what we stand for.

DraftKings Inc., a digital sports entertainment and gaming company, agreed to acquire Railbird Technologies, a federally licensed exchange designated by the Commodity Futures Trading Commission. Financial terms were not disclosed. Railbird Technologies is advised by Moelis & Company, Kirkland & Ellis and Proskauer Rose LLP. DraftKings is advised by Sullivan & Cromwell LLP (led by Jeffrey Scott Miller). https://lnkd.in/dAru4JjG #MergersAcquisitionsDivestitures #Entertainment #Technology