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Draftkings Acquires Railbird Technologies To Enhance Its Entry Into Prediction Markets With A New Mobile Application.
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The Sportsbetting Company Said Tuesday It Acquired Railbird Technologies, Which Owns A Licensed Exchange For Trading Contracts.
Railbird provider of risk management, price discovery, and data solutions, And its wholly owned subsidiary, railbird exchange, llc, for an undisclosed sum. This acquisition marks an important step in draftkings’ strategic expansion beyond traditional sports betting. And its wholly owned subsidiary, railbird exchange, llc, for an undisclosed sum. Sullivan & cromwell llp acted as legal. 01% has made its debut into prediction markets.
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