DraftKings to acquire Railbird Technologies.

DraftKings, 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. “We are excited about the additional opportunity that prediction markets could represent for our business. 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,” Jason Robins, DraftKings CEO and Co-Founder.