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DraftKings stock jumps after acquiring predictions platform Railbird

Published 21/10/2025, 21:16
© Reuters.

Investing.com -- DraftKings (NASDAQ:DKNG) stock rose 5% in after-hours trading Tuesday following news that the sports betting company is acquiring predictions platform Railbird, as reported by CNBC.

The acquisition comes as DraftKings prepares to launch a new mobile platform called DraftKings Predictions in the coming months. Railbird, which is licensed by the Commodity Futures Trading Commission to operate an event contracts exchange, was targeted specifically for its team and proprietary technology.

The move represents DraftKings’ strategic expansion into the predictions market segment, potentially opening up new revenue streams beyond its core sports betting business. Railbird’s existing regulatory approval through its CFTC license could provide DraftKings with an accelerated path to market for its new predictions offering.

Financial terms of the acquisition were not disclosed in the initial report. The after-hours stock movement suggests investors view the acquisition as a positive development for DraftKings’ growth strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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