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DraftKings reportedly discusses acquiring Railbird Exchange

Deals & M&A

DraftKings reportedly held talks about acquiring Railbird Exchange, a federally regulated prediction market operator, with discussions said to be ongoing as of 16 July 2025. No deal had been finalised and financial terms had not been disclosed; DraftKings said it does not comment on specific discussions and continues to monitor prediction-market developments.

A potential acquisition could give DraftKings a route into federally regulated prediction markets, but no deal is confirmed.

End-of-day close DraftKings (DKNG), USD, to 29 August 2025
Story date2 June 202529 August 2025

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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