Is DraftKings Facing Threat from Prediction Markets? What’s behind the Move

DraftKings:- DraftKings is making a calculated pivot into prediction markets after acquiring CFTC-registered Railbird Technologies. This is a move the sports-betting giant said will power a new “DraftKings Predictions” app for trading event contracts across finance, culture and entertainment. The acquisition, announced Oct. 21, lets DraftKings expand beyond traditional sports wagering into a rapidly growing

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